ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 10 October 2023

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Publish date: Tue, 10 Oct 2023, 10:26 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (X3)‎ Intraday: intraday support around 85.15.

Pivot:

85.15

Our preference:

Long positions above 85.15 with targets at 87.25 & 88.20 in extension.

Alternative scenario:

Below 85.15 look for further downside with 84.20 & 83.25 as targets.

Comment:

The RSI lacks downward momentum.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0540

Our preference:

Long positions above 1.0540 with targets at 1.0600 & 1.0620 in extension.

Alternative scenario:

Below 1.0540 look for further downside with 1.0520 & 1.0500 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: 1.2300 in sight.

Pivot:

1.2200

Our preference:

Long positions above 1.2200 with targets at 1.2270 & 1.2300 in extension.

Alternative scenario:

Below 1.2200 look for further downside with 1.2180 & 1.2160 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6375

Our preference:

Long positions above 0.6375 with targets at 0.6435 & 0.6455 in extension.

Alternative scenario:

Below 0.6375 look for further downside with 0.6360 & 0.6340 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

148.80

Our preference:

Short positions below 148.80 with targets at 148.15 & 147.90 in extension.

Alternative scenario:

Above 148.80 look for further upside with 149.05 & 149.25 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

Gold Intraday: further advance.

Pivot:

1852.00

Our preference:

Long positions above 1852.00 with targets at 1867.00 & 1875.00 in extension.

Alternative scenario:

Below 1852.00 look for further downside with 1843.00 & 1834.00 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

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