ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 12 October 2023

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Publish date: Thu, 12 Oct 2023, 11:41 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (X3)‎ Intraday: aim @ 81.50.

Pivot:

84.40

Our preference:

Short positions below 84.40 with targets at 82.15 & 81.50 in extension.

Alternative scenario:

Above 84.40 look for further upside with 85.30 & 86.00 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0590.

Pivot:

1.0590

Our preference:

Long positions above 1.0590 with targets at 1.0645 & 1.0665 in extension.

Alternative scenario:

Below 1.0590 look for further downside with 1.0570 & 1.0555 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2285

Our preference:

Long positions above 1.2285 with targets at 1.2335 & 1.2355 in extension.

Alternative scenario:

Below 1.2285 look for further downside with 1.2265 & 1.2250 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

AUD/USD Intraday: towards 0.6445.

Pivot:

0.6400

Our preference:

Long positions above 0.6400 with targets at 0.6430 & 0.6445 in extension.

Alternative scenario:

Below 0.6400 look for further downside with 0.6385 & 0.6370 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 148.80.

Pivot:

148.80

Our preference:

Long positions above 148.80 with targets at 149.30 & 149.50 in extension.

Alternative scenario:

Below 148.80 look for further downside with 148.60 & 148.40 as targets.

Comment:

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

Analyst Views Chart

Gold Intraday: the upside prevails.

Pivot:

1867.00

Our preference:

Long positions above 1867.00 with targets at 1879.00 & 1885.00 in extension.

Alternative scenario:

Below 1867.00 look for further downside with 1862.00 & 1858.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

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