ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 02 October 2023

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Publish date: Mon, 02 Oct 2023, 10:37 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: expect 1.0530.

Pivot:

1.0585

Our preference:

Short positions below 1.0585 with targets at 1.0545 & 1.0530 in extension.

Alternative scenario:

Above 1.0585 look for further upside with 1.0600 & 1.0615 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2220

Our preference:

Short positions below 1.2220 with targets at 1.2170 & 1.2150 in extension.

Alternative scenario:

Above 1.2220 look for further upside with 1.2240 & 1.2270 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

AUD/USD Intraday: towards 0.6395.

Pivot:

0.6460

Our preference:

Short positions below 0.6460 with targets at 0.6415 & 0.6395 in extension.

Alternative scenario:

Above 0.6460 look for further upside with 0.6480 & 0.6500 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

149.15

Our preference:

Long positions above 149.15 with targets at 149.80 & 150.10 in extension.

Alternative scenario:

Below 149.15 look for further downside with 148.90 & 148.65 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (X3)‎ Intraday: key resistance at 91.70.

Pivot:

91.70

Our preference:

Short positions below 91.70 with targets at 90.35 & 89.50 in extension.

Alternative scenario:

Above 91.70 look for further upside with 92.30 & 92.95 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1861.00

Our preference:

Short positions below 1861.00 with targets at 1840.00 & 1830.00 in extension.

Alternative scenario:

Above 1861.00 look for further upside with 1867.00 & 1875.00 as targets.

Comment:

The RSI shows downside momentum.

Analyst Views Chart
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