ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 26 October 2023

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Publish date: Thu, 26 Oct 2023, 10:39 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: intraday support around 84.00.

Pivot:

84.00

Our preference:

Long positions above 84.00 with targets at 86.30 & 87.25 in extension.

Alternative scenario:

Below 84.00 look for further downside with 82.90 & 82.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: towards 1997.00.

Pivot:

1972.00

Our preference:

Long positions above 1972.00 with targets at 1991.00 & 1997.00 in extension.

Alternative scenario:

Below 1972.00 look for further downside with 1963.00 & 1953.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0590

Our preference:

Short positions below 1.0590 with targets at 1.0545 & 1.0525 in extension.

Alternative scenario:

Above 1.0590 look for further upside with 1.0605 & 1.0620 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

GBP/USD Intraday: under pressure.

Pivot:

1.2135

Our preference:

Short positions below 1.2135 with targets at 1.2080 & 1.2050 in extension.

Alternative scenario:

Above 1.2135 look for further upside with 1.2155 & 1.2175 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6325

Our preference:

Short positions below 0.6325 with targets at 0.6270 & 0.6250 in extension.

Alternative scenario:

Above 0.6325 look for further upside with 0.6345 & 0.6360 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

149.90

Our preference:

Long positions above 149.90 with targets at 150.30 & 150.45 in extension.

Alternative scenario:

Below 149.90 look for further downside with 149.75 & 149.60 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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