ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 4 September 2023

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Publish date: Mon, 04 Sep 2023, 10:37 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: under pressure.

Pivot:

1.0810

Our preference:

Short positions below 1.0810 with targets at 1.0750 & 1.0720 in extension.

Alternative scenario:

Above 1.0810 look for further upside with 1.0830 & 1.0850 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

GBP/USD Intraday: towards 1.2530.

Pivot:

1.2630

Our preference:

Short positions below 1.2630 with targets at 1.2560 & 1.2530 in extension.

Alternative scenario:

Above 1.2630 look for further upside with 1.2660 & 1.2690 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

USD/JPY Intraday: watch 146.80.

Pivot:

145.70

Our preference:

Long positions above 145.70 with targets at 146.50 & 146.80 in extension.

Alternative scenario:

Below 145.70 look for further downside with 145.40 & 145.10 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: key resistance at 1946.00.

Pivot:

1946.00

Our preference:

Short positions below 1946.00 with targets at 1934.00 & 1927.00 in extension.

Alternative scenario:

Above 1946.00 look for further upside with 1953.00 & 1960.00 as targets.

Comment:

As long as the resistance at 1946.00 is not surpassed, the risk of the break below 1934.00 remains high.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: further advance.

Pivot:

84.60

Our preference:

Long positions above 84.60 with targets at 87.00 & 88.00 in extension.

Alternative scenario:

Below 84.60 look for further downside with 84.00 & 83.30 as targets.

Comment:

The next resistances are at 87.00 and then at 88.00.

Analyst Views Chart

AUD/USD Intraday: the downside prevails.

Pivot:

0.6470

Our preference:

Short positions below 0.6470 with targets at 0.6435 & 0.6420 in extension.

Alternative scenario:

Above 0.6470 look for further upside with 0.6490 & 0.6510 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

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