ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 August 2023

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Publish date: Tue, 08 Aug 2023, 10:56 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: watch 1.1040.

Pivot:

1.0975

Our preference:

Long positions above 1.0975 with targets at 1.1020 & 1.1040 in extension.

Alternative scenario:

Below 1.0975 look for further downside with 1.0955 & 1.0935 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: range.

Pivot:

1942.00

Our preference:

Short positions below 1942.00 with targets at 1929.00 & 1924.00 in extension.

Alternative scenario:

Above 1942.00 look for further upside with 1946.00 & 1949.00 as targets.

Comment:

As long as 1942.00 is resistance, expect a return to 1929.00.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: intraday support around 81.90.

Pivot:

81.90

Our preference:

Long positions above 81.90 with targets at 82.80 & 83.30 in extension.

Alternative scenario:

Below 81.90 look for further downside with 81.50 & 81.00 as targets.

Comment:

The next resistances are at 82.80 and then at 83.30.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2740

Our preference:

Long positions above 1.2740 with targets at 1.2810 & 1.2830 in extension.

Alternative scenario:

Below 1.2740 look for further downside with 1.2725 & 1.2710 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

USD/JPY Intraday: continuation of the rebound.

Pivot:

141.90

Our preference:

Long positions above 141.90 with targets at 142.80 & 143.10 in extension.

Alternative scenario:

Below 141.90 look for further downside with 141.55 & 141.20 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: bullish bias above 0.6550.

Pivot:

0.6550

Our preference:

Long positions above 0.6550 with targets at 0.6590 & 0.6610 in extension.

Alternative scenario:

Below 0.6550 look for further downside with 0.6535 & 0.6520 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

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