ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 3 August 2023

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Publish date: Thu, 03 Aug 2023, 10:38 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: key resistance at 1.0965.

Pivot:

1.0965

Our preference:

Short positions below 1.0965 with targets at 1.0915 & 1.0900 in extension.

Alternative scenario:

Above 1.0965 look for further upside with 1.0980 & 1.1000 as targets.

Comment:

As long as the resistance at 1.0965 is not surpassed, the risk of the break below 1.0915 remains high.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1947.00

Our preference:

Short positions below 1947.00 with targets at 1927.00 & 1920.00 in extension.

Alternative scenario:

Above 1947.00 look for further upside with 1954.00 & 1962.00 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: expect 78.30.

Pivot:

80.80

Our preference:

Short positions below 80.80 with targets at 79.00 & 78.30 in extension.

Alternative scenario:

Above 80.80 look for further upside with 81.50 & 82.40 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

GBP/USD Intraday: key resistance at 1.2750.

Pivot:

1.2750

Our preference:

Short positions below 1.2750 with targets at 1.2680 & 1.2660 in extension.

Alternative scenario:

Above 1.2750 look for further upside with 1.2775 & 1.2800 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.2750.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

142.70

Our preference:

Long positions above 142.70 with targets at 143.55 & 144.00 in extension.

Alternative scenario:

Below 142.70 look for further downside with 142.20 & 141.65 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6570

Our preference:

Short positions below 0.6570 with targets at 0.6520 & 0.6500 in extension.

Alternative scenario:

Above 0.6570 look for further upside with 0.6595 & 0.6620 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

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