ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 18 September 2023

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Publish date: Mon, 18 Sep 2023, 11:18 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: bullish bias above 1.0630.

Pivot:

1.0630

Our preference:

Long positions above 1.0630 with targets at 1.0685 & 1.0720 in extension.

Alternative scenario:

Below 1.0630 look for further downside with 1.0600 & 1.0565 as targets.

Comment:

A support base at 1.0630 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

147.55

Our preference:

Long positions above 147.55 with targets at 148.00 & 148.20 in extension.

Alternative scenario:

Below 147.55 look for further downside with 147.35 & 147.15 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

GBP/USD Intraday: watch 1.2370.

Pivot:

1.2415

Our preference:

Short positions below 1.2415 with targets at 1.2370 & 1.2340 in extension.

Alternative scenario:

Above 1.2415 look for further upside with 1.2440 & 1.2465 as targets.

Comment:

A break below 1.2370 would trigger a drop towards 1.2340.

Analyst Views Chart

Gold Intraday: bullish bias above 1918.00.

Pivot:

1918.00

Our preference:

Long positions above 1918.00 with targets at 1930.00 & 1935.00 in extension.

Alternative scenario:

Below 1918.00 look for further downside with 1913.00 & 1907.00 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 90.20.

Pivot:

90.20

Our preference:

Long positions above 90.20 with targets at 91.25 & 91.70 in extension.

Alternative scenario:

Below 90.20 look for further downside with 89.70 & 89.20 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6455

Our preference:

Short positions below 0.6455 with targets at 0.6410 & 0.6395 in extension.

Alternative scenario:

Above 0.6455 look for further upside with 0.6475 & 0.6500 as targets.

Comment:

As long as the resistance at 0.6455 is not surpassed, the risk of the break below 0.6410 remains high.

Analyst Views Chart

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