ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 4 August 2023

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Publish date: Fri, 04 Aug 2023, 10:36 AM
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ATFX Daily Market Newsletter

Gold Intraday: bullish bias above 1929.00.

Pivot:

1929.00

Our preference:

Long positions above 1929.00 with targets at 1939.00 & 1945.00 in extension.

Alternative scenario:

Below 1929.00 look for further downside with 1923.00 & 1918.00 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

EUR/USD Intraday: rebound.

Pivot:

1.0930

Our preference:

Long positions above 1.0930 with targets at 1.0965 & 1.0980 in extension.

Alternative scenario:

Below 1.0930 look for further downside with 1.0910 & 1.0895 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: the upside prevails.\

Pivot:

80.50

Our preference:

Long positions above 80.50 with targets at 82.40 & 83.40 in extension.

Alternative scenario:

Below 80.50 look for further downside with 79.80 & 78.70 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

GBP/USD Intraday: rebound.

Pivot:

1.2675

Our preference:

Long positions above 1.2675 with targets at 1.2740 & 1.2765 in extension.

Alternative scenario:

Below 1.2675 look for further downside with 1.2645 & 1.2620 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

USD/JPY Intraday: key resistance at 143.00.

Pivot:

143.00

Our preference:

Short positions below 143.00 with targets at 142.20 & 141.85 in extension.

Alternative scenario:

Above 143.00 look for further upside with 143.40 & 143.90 as targets.

Comment:

As long as 143.00 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

AUD/USD Intraday: rebound.

Pivot:

0.6525

Our preference:

Long positions above 0.6525 with targets at 0.6585 & 0.6605 in extension.

Alternative scenario:

Below 0.6525 look for further downside with 0.6500 & 0.6480 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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