ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 2 August 2023

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Publish date: Wed, 02 Aug 2023, 10:51 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: bullish bias above 1.0975.

Pivot:

1.0975

Our preference:

Long positions above 1.0975 with targets at 1.1020 & 1.1035 in extension.

Alternative scenario:

Below 1.0975 look for further downside with 1.0960 & 1.0950 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Gold Intraday: rebound in sight.

Pivot:

1941.00

Our preference:

Long positions above 1941.00 with targets at 1960.00 & 1966.00 in extension.

Alternative scenario:

Below 1941.00 look for further downside with 1935.00 & 1929.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: further upside.

Pivot:

81.30

Our preference:

Long positions above 81.30 with targets at 83.00 & 83.60 in extension.

Alternative scenario:

Below 81.30 look for further downside with 80.70 & 80.10 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

GBP/USD Intraday: rebound expected.

Pivot:

1.2760

Our preference:

Long positions above 1.2760 with targets at 1.2810 & 1.2840 in extension.

Alternative scenario:

Below 1.2760 look for further downside with 1.2740 & 1.2720 as targets.

Comment:

The break above 1.2760 is a positive signal that has opened a path to 1.2810.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 142.55.

Pivot:

142.55

Our preference:

Long positions above 142.55 with targets at 143.55 & 144.00 in extension.

Alternative scenario:

Below 142.55 look for further downside with 142.00 & 141.50 as targets.

Comment:

A support base at 142.55 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6640

Our preference:

Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension.

Alternative scenario:

Above 0.6640 look for further upside with 0.6670 & 0.6700 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

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