ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 21 September 2023

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Publish date: Thu, 21 Sep 2023, 10:41 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: under pressure.

Pivot:

1.0685

Our preference:

Short positions below 1.0685 with targets at 1.0630 & 1.0610 in extension.

Alternative scenario:

Above 1.0685 look for further upside with 1.0710 & 1.0735 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

Crude Oil (WTI)‎ (X3)‎ Intraday: under pressure.

Pivot:

90.00

Our preference:

Short positions below 90.00 with targets at 88.90 & 88.35 in extension.

Alternative scenario:

Above 90.00 look for further upside with 90.70 & 91.35 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

Gold Intraday: consolidation.

Pivot:

1937.00

Our preference:

Short positions below 1937.00 with targets at 1926.00 & 1921.00 in extension.

Alternative scenario:

Above 1937.00 look for further upside with 1942.00 & 1947.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

GBP/USD Intraday: towards 1.2280.

Pivot:

1.2370

Our preference:

Short positions below 1.2370 with targets at 1.2310 & 1.2280 in extension.

Alternative scenario:

Above 1.2370 look for further upside with 1.2400 & 1.2420 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

USD/JPY Intraday: further upside.

Pivot:

147.90

Our preference:

Long positions above 147.90 with targets at 148.60 & 148.80 in extension.

Alternative scenario:

Below 147.90 look for further downside with 147.70 & 147.50 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

AUD/USD Intraday: 0.6400 in sight.

Pivot:

0.6470

Our preference:

Short positions below 0.6470 with targets at 0.6420 & 0.6400 in extension.

Alternative scenario:

Above 0.6470 look for further upside with 0.6490 & 0.6510 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

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