ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 September 2023

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Publish date: Wed, 13 Sep 2023, 10:20 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: continuation of the rebound.

Pivot:

1.0725

Our preference:

Long positions above 1.0725 with targets at 1.0780 & 1.0800 in extension.

Alternative scenario:

Below 1.0725 look for further downside with 1.0705 & 1.0690 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: rebound in sight.

Pivot:

1.2465

Our preference:

Long positions above 1.2465 with targets at 1.2515 & 1.2530 in extension.

Alternative scenario:

Below 1.2465 look for further downside with 1.2450 & 1.2435 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6405

Our preference:

Long positions above 0.6405 with targets at 0.6445 & 0.6460 in extension.

Alternative scenario:

Below 0.6405 look for further downside with 0.6390 & 0.6370 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 146.80.

Pivot:

146.80

Our preference:

Long positions above 146.80 with targets at 147.25 & 147.45 in extension.

Alternative scenario:

Below 146.80 look for further downside with 146.60 & 146.40 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

Gold Intraday: key resistance at 1917.00.

Pivot:

1917.00

Our preference:

Short positions below 1917.00 with targets at 1907.00 & 1902.00 in extension.

Alternative scenario:

Above 1917.00 look for further upside with 1924.00 & 1930.00 as targets.

Comment:

As long as the resistance at 1917.00 is not surpassed, the risk of the break below 1907.00 remains high.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: the bias remains bullish.

Pivot:

88.15

Our preference:

Long positions above 88.15 with targets at 89.35 & 90.00 in extension.

Alternative scenario:

Below 88.15 look for further downside with 87.65 & 87.20 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

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