ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 25 August 2023

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Publish date: Fri, 25 Aug 2023, 11:14 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: the downside prevails.

Pivot:

1.0830

Our preference:

Short positions below 1.0830 with targets at 1.0780 & 1.0760 in extension.

Alternative scenario:

Above 1.0830 look for further upside with 1.0850 & 1.0875 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

GBP/USD Intraday: under pressure.

Pivot:

1.2640

Our preference:

Short positions below 1.2640 with targets at 1.2570 & 1.2540 in extension.

Alternative scenario:

Above 1.2640 look for further upside with 1.2670 & 1.2700 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

USD/JPY Intraday: further upside.

Pivot:

145.45

Our preference:

Long positions above 145.45 with targets at 146.35 & 146.70 in extension.

Alternative scenario:

Below 145.45 look for further downside with 145.10 & 144.80 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Gold Intraday: intraday support around 1911.00.

Pivot:

1911.00

Our preference:

Long positions above 1911.00 with targets at 1923.00 & 1930.00 in extension.

Alternative scenario:

Below 1911.00 look for further downside with 1905.00 & 1900.00 as targets.

Comment:

A support base at 1911.00 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 78.30.

Pivot:

78.30

Our preference:

Long positions above 78.30 with targets at 79.85 & 80.30 in extension.

Alternative scenario:

Below 78.30 look for further downside with 77.60 & 77.00 as targets.

Comment:

The next resistances are at 79.85 and then at 80.30.

Analyst Views Chart

AUD/USD Intraday: watch 0.6370.

Pivot:

0.6445

Our preference:

Short positions below 0.6445 with targets at 0.6390 & 0.6370 in extension.

Alternative scenario:

Above 0.6445 look for further upside with 0.6465 & 0.6485 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

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