ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 29 September 2023

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Publish date: Fri, 29 Sep 2023, 10:50 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: 1.0600 in sight.

Pivot:

1.0535

Our preference:

Long positions above 1.0535 with targets at 1.0580 & 1.0600 in extension.

Alternative scenario:

Below 1.0535 look for further downside with 1.0515 & 1.0490 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2175

Our preference:

Long positions above 1.2175 with targets at 1.2225 & 1.2250 in extension.

Alternative scenario:

Below 1.2175 look for further downside with 1.2155 & 1.2135 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6400

Our preference:

Long positions above 0.6400 with targets at 0.6440 & 0.6465 in extension.

Alternative scenario:

Below 0.6400 look for further downside with 0.6380 & 0.6360 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: key resistance at 149.50.

Pivot:

149.50

Our preference:

Short positions below 149.50 with targets at 149.10 & 148.90 in extension.

Alternative scenario:

Above 149.50 look for further upside with 149.70 & 149.90 as targets.

Comment:

As long as 149.50 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (X3)‎ Intraday: the downside prevails.

Pivot:

92.50

Our preference:

Short positions below 92.50 with targets at 91.40 & 90.70 in extension.

Alternative scenario:

Above 92.50 look for further upside with 93.20 & 93.90 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

Gold Intraday: key resistance at 1872.00.

Pivot:

1872.00

Our preference:

Short positions below 1872.00 with targets at 1858.00 & 1852.00 in extension.

Alternative scenario:

Above 1872.00 look for further upside with 1879.00 & 1885.00 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

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