ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 17 August 2023

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Publish date: Thu, 17 Aug 2023, 10:02 AM
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ATFX Daily Market Newsletter

USD/JPY Intraday: further upside.

Pivot:

145.85

Our preference:

Long positions above 145.85 with targets at 146.60 & 146.90 in extension.

Alternative scenario:

Below 145.85 look for further downside with 145.60 & 145.30 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0910

Our preference:

Short positions below 1.0910 with targets at 1.0850 & 1.0825 in extension.

Alternative scenario:

Above 1.0910 look for further upside with 1.0930 & 1.0950 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

GBP/USD Intraday: consolidation.

Pivot:

1.2760

Our preference:

Short positions below 1.2760 with targets at 1.2700 & 1.2680 in extension.

Alternative scenario:

Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets.

Comment:

As long as 1.2760 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1901.00

Our preference:

Short positions below 1901.00 with targets at 1886.00 & 1880.00 in extension.

Alternative scenario:

Above 1901.00 look for further upside with 1906.00 & 1911.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

Crude Oil (WTI)‎ (U3)‎ Intraday: the downside prevails.

Pivot:

79.95

Our preference:

Short positions below 79.95 with targets at 78.65 & 78.30 in extension.

Alternative scenario:

Above 79.95 look for further upside with 80.45 & 81.30 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6455

Our preference:

Short positions below 0.6455 with targets at 0.6400 & 0.6375 in extension.

Alternative scenario:

Above 0.6455 look for further upside with 0.6480 & 0.6510 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

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