ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 14 August 2023

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Publish date: Mon, 14 Aug 2023, 12:18 PM
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ATFX Daily Market Newsletter

USD/JPY Intraday: bullish bias above 144.50.

Pivot:

144.50

Our preference:

Long positions above 144.50 with targets at 145.10 & 145.40 in extension.

Alternative scenario:

Below 144.50 look for further downside with 144.25 & 144.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

EUR/USD Intraday: 1.0900 in sight.

Pivot:

1.0975

Our preference:

Short positions below 1.0975 with targets at 1.0920 & 1.0900 in extension.

Alternative scenario:

Above 1.0975 look for further upside with 1.0990 & 1.1005 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2735

Our preference:

Short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario:

Above 1.2735 look for further upside with 1.2755 & 1.2785 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: look for 81.50.

Pivot:

83.80

Our preference:

Short positions below 83.80 with targets at 82.20 & 81.50 in extension.

Alternative scenario:

Above 83.80 look for further upside with 84.30 & 84.85 as targets.

Comment:

The RSI calls for a drop.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1921.00

Our preference:

Short positions below 1921.00 with targets at 1910.00 & 1904.00 in extension.

Alternative scenario:

Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets.

Comment:

As long as the resistance at 1921.00 is not surpassed, the risk of the break below 1910.00 remains high.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6520

Our preference:

Short positions below 0.6520 with targets at 0.6485 & 0.6470 in extension.

Alternative scenario:

Above 0.6520 look for further upside with 0.6535 & 0.6550 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

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