ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 27 July 2023

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Publish date: Thu, 27 Jul 2023, 09:51 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6735

Our preference:

Long positions above 0.6735 with targets at 0.6780 & 0.6795 in extension.

Alternative scenario:

Below 0.6735 look for further downside with 0.6720 & 0.6700 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

Gold Intraday: supported by a rising trend line.

Pivot:

1965.00

Our preference:

Long positions above 1965.00 with targets at 1978.00 & 1983.00 in extension.

Alternative scenario:

Below 1965.00 look for further downside with 1959.00 & 1953.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: range.

Pivot:

79.65

Our preference:

Short positions below 79.65 with targets at 78.30 & 77.80 in extension.

Alternative scenario:

Above 79.65 look for further upside with 80.50 & 81.20 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.1055

Our preference:

Long positions above 1.1055 with targets at 1.1105 & 1.1125 in extension.

Alternative scenario:

Below 1.1055 look for further downside with 1.1035 & 1.1020 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2900.

Pivot:

1.2900

Our preference:

Long positions above 1.2900 with targets at 1.2960 & 1.2980 in extension.

Alternative scenario:

Below 1.2900 look for further downside with 1.2880 & 1.2860 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

USD/JPY Intraday: capped by a negative trend line.

Pivot:

140.70

Our preference:

Short positions below 140.70 with targets at 140.15 & 139.90 in extension.

Alternative scenario:

Above 140.70 look for further upside with 140.95 & 141.20 as targets.

Comment:

As long as 140.70 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

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