ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 29 August 2023

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Publish date: Tue, 29 Aug 2023, 10:31 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: continuation of the rebound.

Pivot:

1.0800

Our preference:

Long positions above 1.0800 with targets at 1.0840 & 1.0860 in extension.

Alternative scenario:

Below 1.0800 look for further downside with 1.0785 & 1.0765 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

Gold Intraday: aim @ 1932.00.

Pivot:

1913.00

Our preference:

Long positions above 1913.00 with targets at 1926.00 & 1932.00 in extension.

Alternative scenario:

Below 1913.00 look for further downside with 1908.00 & 1903.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 79.60.

Pivot:

79.60

Our preference:

Long positions above 79.60 with targets at 80.85 & 81.25 in extension.

Alternative scenario:

Below 79.60 look for further downside with 79.20 & 78.80 as targets.

Comment:

The next resistances are at 80.85 and then at 81.25.

Analyst Views Chart

GBP/USD Intraday: towards 1.2650.

Pivot:

1.2585

Our preference:

Long positions above 1.2585 with targets at 1.2630 & 1.2650 in extension.

Alternative scenario:

Below 1.2585 look for further downside with 1.2565 & 1.2545 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

USD/JPY Intraday: consolidation.

Pivot:

146.70

Our preference:

Short positions below 146.70 with targets at 146.20 & 146.00 in extension.

Alternative scenario:

Above 146.70 look for further upside with 146.85 & 147.00 as targets.

Comment:

As long as 146.70 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

AUD/USD Intraday: bullish bias above 0.6410.

Pivot:

0.6410

Our preference:

Long positions above 0.6410 with targets at 0.6445 & 0.6460 in extension.

Alternative scenario:

Below 0.6410 look for further downside with 0.6395 & 0.6380 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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