ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 11 October 2023

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Publish date: Wed, 11 Oct 2023, 03:27 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (X3)‎ Intraday: intraday support around 85.35.

Pivot:

85.35

Our preference:

Long positions above 85.35 with targets at 86.75 & 87.25 in extension.

Alternative scenario:

Below 85.35 look for further downside with 84.85 & 84.20 as targets.

Comment:

The RSI lacks downward momentum.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0580

Our preference:

Long positions above 1.0580 with targets at 1.0620 & 1.0635 in extension.

Alternative scenario:

Below 1.0580 look for further downside with 1.0565 & 1.0550 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2260

Our preference:

Long positions above 1.2260 with targets at 1.2310 & 1.2330 in extension.

Alternative scenario:

Below 1.2260 look for further downside with 1.2235 & 1.2215 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6405

Our preference:

Long positions above 0.6405 with targets at 0.6455 & 0.6470 in extension.

Alternative scenario:

Below 0.6405 look for further downside with 0.6390 & 0.6375 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: watch 148.15.

Pivot:

148.90

Our preference:

Short positions below 148.90 with targets at 148.35 & 148.15 in extension.

Alternative scenario:

Above 148.90 look for further upside with 149.10 & 149.25 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

Gold Intraday: bullish bias above 1852.00.

Pivot:

1852.00

Our preference:

Long positions above 1852.00 with targets at 1865.00 & 1873.00 in extension.

Alternative scenario:

Below 1852.00 look for further downside with 1844.00 & 1837.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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