ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 25 September 2023

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Publish date: Mon, 25 Sep 2023, 12:08 PM
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ATFX Daily Market Newsletter

EUR/USD Intraday: key resistance at 1.0670.

Pivot:

1.0670

Our preference:

Short positions below 1.0670 with targets at 1.0630 & 1.0615 in extension.

Alternative scenario:

Above 1.0670 look for further upside with 1.0685 & 1.0700 as targets.

Comment:

As long as 1.0670 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2265

Our preference:

Short positions below 1.2265 with targets at 1.2230 & 1.2210 in extension.

Alternative scenario:

Above 1.2265 look for further upside with 1.2285 & 1.2305 as targets.

Comment:

As long as the resistance at 1.2265 is not surpassed, the risk of the break below 1.2230 remains high.

Analyst Views Chart

AUD/USD Intraday: consolidation.

Pivot:

0.6455

Our preference:

Short positions below 0.6455 with targets at 0.6425 & 0.6410 in extension.

Alternative scenario:

Above 0.6455 look for further upside with 0.6470 & 0.6485 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

148.00

Our preference:

Long positions above 148.00 with targets at 148.60 & 148.90 in extension.

Alternative scenario:

Below 148.00 look for further downside with 147.70 & 147.40 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

Crude Oil (WTI)‎ (X3)‎ Intraday: bounce.

Pivot:

89.70

Our preference:

Long positions above 89.70 with targets at 90.75 & 91.30 in extension.

Alternative scenario:

Below 89.70 look for further downside with 89.30 & 88.90 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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