ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 17 October 2023

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Publish date: Tue, 17 Oct 2023, 10:16 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (X3)‎ Intraday: consolidation in place.

Pivot:

87.50

Our preference:

Short positions below 87.50 with targets at 86.30 & 85.65 in extension.

Alternative scenario:

Above 87.50 look for further upside with 88.30 & 89.00 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0530

Our preference:

Long positions above 1.0530 with targets at 1.0565 & 1.0580 in extension.

Alternative scenario:

Below 1.0530 look for further downside with 1.0515 & 1.0495 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: watch 1.2250.

Pivot:

1.2180

Our preference:

Long positions above 1.2180 with targets at 1.2230 & 1.2250 in extension.

Alternative scenario:

Below 1.2180 look for further downside with 1.2160 & 1.2140 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

AUD/USD Intraday: towards 0.6365.

Pivot:

0.6315

Our preference:

Long positions above 0.6315 with targets at 0.6350 & 0.6365 in extension.

Alternative scenario:

Below 0.6315 look for further downside with 0.6300 & 0.6285 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 149.35.

Pivot:

149.35

Our preference:

Long positions above 149.35 with targets at 149.75 & 149.90 in extension.

Alternative scenario:

Below 149.35 look for further downside with 149.20 & 149.05 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: intraday support around 1907.00.

Pivot:

1907.00

Our preference:

Long positions above 1907.00 with targets at 1932.00 & 1940.00 in extension.

Alternative scenario:

Below 1907.00 look for further downside with 1896.00 & 1887.00 as targets.

Comment:

A support base at 1907.00 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

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