ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 11 September 2023

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Publish date: Mon, 11 Sep 2023, 10:52 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0685

Our preference:

Long positions above 1.0685 with targets at 1.0730 & 1.0745 in extension.

Alternative scenario:

Below 1.0685 look for further downside with 1.0670 & 1.0655 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2450.

Pivot:

1.2450

Our preference:

Long positions above 1.2450 with targets at 1.2510 & 1.2530 in extension.

Alternative scenario:

Below 1.2450 look for further downside with 1.2430 & 1.2410 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

AUD/USD Intraday: towards 0.6430.

Pivot:

0.6370

Our preference:

Long positions above 0.6370 with targets at 0.6415 & 0.6430 in extension.

Alternative scenario:

Below 0.6370 look for further downside with 0.6355 & 0.6340 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

147.60

Our preference:

Short positions below 147.60 with targets at 146.75 & 146.55 in extension.

Alternative scenario:

Above 147.60 look for further upside with 147.85 & 148.10 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

Gold Intraday: watch 1909.00.

Pivot:

1924.00

Our preference:

Short positions below 1924.00 with targets at 1914.00 & 1909.00 in extension.

Alternative scenario:

Above 1924.00 look for further upside with 1930.00 & 1934.00 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: watch 86.15.

Pivot:

87.65

Our preference:

Short positions below 87.65 with targets at 86.70 & 86.15 in extension.

Alternative scenario:

Above 87.65 look for further upside with 88.05 & 88.50 as targets.

Comment:

As long as the resistance at 87.65 is not surpassed, the risk of the break below 86.70 remains high.

Analyst Views Chart

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