ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 14 September 2023

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Publish date: Thu, 14 Sep 2023, 11:57 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: key resistance at 1.0760.

Pivot:

1.0760

Our preference:

Short positions below 1.0760 with targets at 1.0710 & 1.0690 in extension.

Alternative scenario:

Above 1.0760 look for further upside with 1.0780 & 1.0800 as targets.

Comment:

As long as 1.0760 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

GBP/USD Intraday: watch 1.2530.

Pivot:

1.2460

Our preference:

Long positions above 1.2460 with targets at 1.2510 & 1.2530 in extension.

Alternative scenario:

Below 1.2460 look for further downside with 1.2440 & 1.2425 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6395

Our preference:

Long positions above 0.6395 with targets at 0.6445 & 0.6460 in extension.

Alternative scenario:

Below 0.6395 look for further downside with 0.6380 & 0.6365 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Analyst Views Chart

USD/JPY Intraday: expect 146.80.

Pivot:

147.60

Our preference:

Short positions below 147.60 with targets at 147.00 & 146.80 in extension.

Alternative scenario:

Above 147.60 look for further upside with 147.80 & 148.00 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

Gold Intraday: look for 1902.00.

Pivot:

1915.00

Our preference:

Short positions below 1915.00 with targets at 1902.00 & 1896.00 in extension.

Alternative scenario:

Above 1915.00 look for further upside with 1919.00 & 1924.00 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: consolidation in place.

Pivot:

89.20

Our preference:

Short positions below 89.20 with targets at 88.15 & 87.65 in extension.

Alternative scenario:

Above 89.20 look for further upside with 89.60 & 90.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

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