ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 06 October 2023

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Publish date: Fri, 06 Oct 2023, 10:36 AM
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ATFX Daily Market Newsletter

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

Pivot:

84.15

Our preference:

Short positions below 84.15 with targets at 81.40 & 80.60 in extension.

Alternative scenario:

Above 84.15 look for further upside with 84.90 & 85.80 as targets.

Comment:

The immediate trend remains down but the momentum is weak.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0520

Our preference:

Long positions above 1.0520 with targets at 1.0560 & 1.0580 in extension.

Alternative scenario:

Below 1.0520 look for further downside with 1.0500 & 1.0480 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2150

Our preference:

Long positions above 1.2150 with targets at 1.2220 & 1.2250 in extension.

Alternative scenario:

Below 1.2150 look for further downside with 1.2125 & 1.2105 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

AUD/USD Intraday: watch 0.6410.

Pivot:

0.6345

Our preference:

Long positions above 0.6345 with targets at 0.6390 & 0.6410 in extension.

Alternative scenario:

Below 0.6345 look for further downside with 0.6325 & 0.6305 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

148.80

Our preference:

Short positions below 148.80 with targets at 148.10 & 147.90 in extension.

Alternative scenario:

Above 148.80 look for further upside with 149.10 & 149.30 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

Gold Intraday: bounce.

Pivot:

1815.00

Our preference:

Long positions above 1815.00 with targets at 1828.00 & 1833.00 in extension.

Alternative scenario:

Below 1815.00 look for further downside with 1810.00 & 1805.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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