ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 10 August 2023

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Publish date: Thu, 10 Aug 2023, 10:05 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: towards 1.0945.

Pivot:

1.0995

Our preference:

Short positions below 1.0995 with targets at 1.0960 & 1.0945 in extension.

Alternative scenario:

Above 1.0995 look for further upside with 1.1010 & 1.1025 as targets.

Comment:

As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0960 remains high.

Analyst Views Chart

Gold Intraday: key resistance at 1924.00.

Pivot:

1924.00

Our preference:

Short positions below 1924.00 with targets at 1912.00 & 1907.00 in extension.

Alternative scenario:

Above 1924.00 look for further upside with 1932.00 & 1937.00 as targets.

Comment:

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: intraday support around 83.25.

Pivot:

83.25

Our preference:

Long positions above 83.25 with targets at 84.80 & 85.50 in extension.

Alternative scenario:

Below 83.25 look for further downside with 82.65 & 82.10 as targets.

Comment:

The next resistances are at 84.80 and then at 85.50.

Analyst Views Chart

GBP/USD Intraday: under pressure.

Pivot:

1.2745

Our preference:

Short positions below 1.2745 with targets at 1.2700 & 1.2685 in extension.

Alternative scenario:

Above 1.2745 look for further upside with 1.2760 & 1.2780 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

143.25

Our preference:

Long positions above 143.25 with targets at 143.90 & 144.20 in extension.

Alternative scenario:

Below 143.25 look for further downside with 143.00 & 142.75 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: watch 0.6495.

Pivot:

0.6555

Our preference:

Short positions below 0.6555 with targets at 0.6515 & 0.6495 in extension.

Alternative scenario:

Above 0.6555 look for further upside with 0.6570 & 0.6585 as targets.

Comment:

As long as 0.6555 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

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