ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 19 September 2023

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Publish date: Tue, 19 Sep 2023, 09:55 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: bullish bias above 1.0670.

Pivot:

1.0670

Our preference:

Long positions above 1.0670 with targets at 1.0710 & 1.0725 in extension.

Alternative scenario:

Below 1.0670 look for further downside with 1.0655 & 1.0640 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: towards 1945.00.

Pivot:

1926.00

Our preference:

Long positions above 1926.00 with targets at 1939.00 & 1945.00 in extension.

Alternative scenario:

Below 1926.00 look for further downside with 1921.00 & 1916.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (V3)‎ Intraday: further upside.

Pivot:

91.40

Our preference:

Long positions above 91.40 with targets at 93.00 & 93.80 in extension.

Alternative scenario:

Below 91.40 look for further downside with 90.75 & 90.20 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

GBP/USD Intraday: key resistance at 1.2405.

Pivot:

1.2405

Our preference:

Short positions below 1.2405 with targets at 1.2370 & 1.2350 in extension.

Alternative scenario:

Above 1.2405 look for further upside with 1.2425 & 1.2445 as targets.

Comment:

As long as 1.2405 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

USD/JPY Intraday: consolidation.

Pivot:

147.80

Our preference:

Short positions below 147.80 with targets at 147.50 & 147.35 in extension.

Alternative scenario:

Above 147.80 look for further upside with 147.95 & 148.10 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

AUD/USD Intraday: bullish bias above 0.6415.

Pivot:

0.6415

Our preference:

Long positions above 0.6415 with targets at 0.6450 & 0.6470 in extension.

Alternative scenario:

Below 0.6415 look for further downside with 0.6400 & 0.6385 as targets.

Comment:

A support base at 0.6415 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

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