ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 5 September 2023

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Publish date: Tue, 05 Sep 2023, 09:52 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: bullish bias above 1.0770.

Pivot:

1.0770

Our preference:

Long positions above 1.0770 with targets at 1.0810 & 1.0830 in extension.

Alternative scenario:

Below 1.0770 look for further downside with 1.0750 & 1.0730 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2600.

Pivot:

1.2600

Our preference:

Long positions above 1.2600 with targets at 1.2645 & 1.2670 in extension.

Alternative scenario:

Below 1.2600 look for further downside with 1.2575 & 1.2550 as targets.

Comment:

The next resistances are at 1.2645 and then at 1.2670.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

146.20

Our preference:

Long positions above 146.20 with targets at 146.70 & 146.90 in extension.

Alternative scenario:

Below 146.20 look for further downside with 146.00 & 145.80 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

AUD/USD Intraday: choppy.

Pivot:

0.6480

Our preference:

Short positions below 0.6480 with targets at 0.6440 & 0.6420 in extension.

Alternative scenario:

Above 0.6480 look for further upside with 0.6500 & 0.6520 as targets.

Comment:

As long as the resistance at 0.6480 is not surpassed, the risk of the break below 0.6440 remains high.

Analyst Views Chart

Gold Intraday: choppy.

Pivot:

1943.00

Our preference:

Short positions below 1943.00 with targets at 1934.00 & 1928.00 in extension.

Alternative scenario:

Above 1943.00 look for further upside with 1948.00 & 1953.00 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 85.30.

Pivot:

85.30

Our preference:

Long positions above 85.30 with targets at 86.40 & 87.00 in extension.

Alternative scenario:

Below 85.30 look for further downside with 84.60 & 84.00 as targets.

Comment:

A support base at 85.30 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

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