ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 04 October 2023

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Publish date: Wed, 04 Oct 2023, 11:30 AM
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ATFX Daily Market Newsletter

EUR/USD Intraday: key resistance at 1.0490.

Pivot:

1.0490

Our preference:

Short positions below 1.0490 with targets at 1.0445 & 1.0430 in extension.

Alternative scenario:

Above 1.0490 look for further upside with 1.0510 & 1.0530 as targets.

Comment:

As long as the resistance at 1.0490 is not surpassed, the risk of the break below 1.0445 remains high.

Analyst Views Chart

GBP/USD Intraday: key resistance at 1.2100.

Pivot:

1.2100

Our preference:

Short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension.

Alternative scenario:

Above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.

Comment:

As long as the resistance at 1.2100 is not surpassed, the risk of the break below 1.2050 remains high.

Analyst Views Chart

AUD/USD Intraday: key resistance at 0.6330.

Pivot:

0.6330

Our preference:

Short positions below 0.6330 with targets at 0.6280 & 0.6260 in extension.

Alternative scenario:

Above 0.6330 look for further upside with 0.6350 & 0.6370 as targets.

Comment:

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Analyst Views Chart

USD/JPY Intraday: key resistance at 149.50.

Pivot:

149.50

Our preference:

Short positions below 149.50 with targets at 148.50 & 148.20 in extension.

Alternative scenario:

Above 149.50 look for further upside with 149.80 & 150.16 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 149.50.

Analyst Views Chart

Crude Oil (WTI)‎ (X3)‎ Intraday: bullish bias above 88.70.

Pivot:

88.70

Our preference:

Long positions above 88.70 with targets at 90.20 & 90.80 in extension.

Alternative scenario:

Below 88.70 look for further downside with 88.20 & 87.75 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Gold Intraday: bullish bias above 1815.00.

Pivot:

1815.00

Our preference:

Long positions above 1815.00 with targets at 1833.00 & 1840.00 in extension.

Alternative scenario:

Below 1815.00 look for further downside with 1809.00 & 1803.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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