ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 31 July 2023

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Publish date: Mon, 31 Jul 2023, 04:10 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (U3)‎ Intraday: watch 81.50.

Pivot:

79.90

Our preference:

Long positions above 79.90 with targets at 81.00 & 81.50 in extension.

Alternative scenario:

Below 79.90 look for further downside with 79.45 & 79.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0990.

Pivot:

1.0990

Our preference:

Long positions above 1.0990 with targets at 1.1045 & 1.1070 in extension.

Alternative scenario:

Below 1.0990 look for further downside with 1.0965 & 1.0940 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Gold Intraday: bullish bias above 1949.00.

Pivot:

1949.00

Our preference:

Long positions above 1949.00 with targets at 1966.00 & 1974.00 in extension.

Alternative scenario:

Below 1949.00 look for further downside with 1942.00 & 1936.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2830

Our preference:

Long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension.

Alternative scenario:

Below 1.2830 look for further downside with 1.2800 & 1.2770 as targets.

Comment:

A support base at 1.2830 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

140.20

Our preference:

Long positions above 140.20 with targets at 141.30 & 141.70 in extension.

Alternative scenario:

Below 140.20 look for further downside with 139.75 & 139.25 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: rebound expected.

Pivot:

0.6640

Our preference:

Long positions above 0.6640 with targets at 0.6680 & 0.6710 in extension.

Alternative scenario:

Below 0.6640 look for further downside with 0.6620 & 0.6600 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

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