ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 October 2023

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Publish date: Fri, 13 Oct 2023, 09:51 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (X3)‎ Intraday: watch 82.30.

Pivot:

84.10

Our preference:

Short positions below 84.10 with targets at 82.80 & 82.30 in extension.

Alternative scenario:

Above 84.10 look for further upside with 84.60 & 85.20 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

EUR/USD Intraday: under pressure.

Pivot:

1.0565

Our preference:

Short positions below 1.0565 with targets at 1.0510 & 1.0490 in extension.

Alternative scenario:

Above 1.0565 look for further upside with 1.0590 & 1.0615 as targets.

Comment:

As long as the resistance at 1.0565 is not surpassed, the risk of the break below 1.0510 remains high.

Analyst Views Chart

GBP/USD Intraday: watch 1.2155.

Pivot:

1.2230

Our preference:

Short positions below 1.2230 with targets at 1.2155 & 1.2120 in extension.

Alternative scenario:

Above 1.2230 look for further upside with 1.2265 & 1.2300 as targets.

Comment:

A break below 1.2155 would trigger a drop towards 1.2120.

Analyst Views Chart

AUD/USD Intraday: the downside prevails.

Pivot:

0.6370

Our preference:

Short positions below 0.6370 with targets at 0.6285 & 0.6255 in extension.

Alternative scenario:

Above 0.6370 look for further upside with 0.6400 & 0.6430 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

149.30

Our preference:

Long positions above 149.30 with targets at 150.00 & 150.30 in extension.

Alternative scenario:

Below 149.30 look for further downside with 149.00 & 148.65 as targets.

Comment:

The break above 149.30 is a positive signal that has opened a path to 150.00.

Analyst Views Chart

Gold Intraday: watch 1861.00.

Pivot:

1878.00

Our preference:

Short positions below 1878.00 with targets at 1866.00 & 1861.00 in extension.

Alternative scenario:

Above 1878.00 look for further upside with 1884.00 & 1890.00 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart
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