ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 24 October 2023

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Publish date: Tue, 24 Oct 2023, 12:04 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: under pressure.

Pivot:

87.20

Our preference:

Short positions below 87.20 with targets at 85.35 & 84.40 in extension.

Alternative scenario:

Above 87.20 look for further upside with 88.20 & 88.90 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0630

Our preference:

Long positions above 1.0630 with targets at 1.0685 & 1.0710 in extension.

Alternative scenario:

Below 1.0630 look for further downside with 1.0600 & 1.0570 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2205

Our preference:

Long positions above 1.2205 with targets at 1.2270 & 1.2300 in extension.

Alternative scenario:

Below 1.2205 look for further downside with 1.2175 & 1.2140 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: the upside prevails.

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:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Gold Intraday: watch 1957.00.

Pivot:

1983.00

Our preference:

Short positions below 1983.00 with targets at 1964.00 & 1957.00 in extension.

Alternative scenario:

Above 1983.00 look for further upside with 1990.00 & 1997.00 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

USD/JPY Intraday: watch 149.55.

Pivot:

149.85

Our preference:

Short positions below 149.85 with targets at 149.55 & 149.40 in extension.

Alternative scenario:

Above 149.85 look for further upside with 150.00 & 150.15 as targets.

Comment:

A break below 149.55 would trigger a drop towards 149.40.

Analyst Views Chart

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