ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 27 October 2023

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Publish date: Fri, 27 Oct 2023, 10:08 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 84.20.

Pivot:

84.20

Our preference:

Short positions below 84.20 with targets at 82.70 & 82.00 in extension.

Alternative scenario:

Above 84.20 look for further upside with 85.10 & 85.60 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

Gold Intraday: watch 2000.00.

Pivot:

1977.00

Our preference:

Long positions above 1977.00 with targets at 1993.00 & 2000.00 in extension.

Alternative scenario:

Below 1977.00 look for further downside with 1971.00 & 1963.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

EUR/USD Intraday: towards 1.0600.

Pivot.

1.0540

Our preference:

Long positions above 1.0540 with targets at 1.0580 & 1.0600 in extension.

Alternative scenario:

Below 1.0540 look for further downside with 1.0525 & 1.0510 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: continuation of the rebound.

Pivot:

1.2100

Our preference:

Long positions above 1.2100 with targets at 1.2155 & 1.2175 in extension.

Alternative scenario:

Below 1.2100 look for further downside with 1.2085 & 1.2070 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6300

Our preference:

Long positions above 0.6300 with targets at 0.6350 & 0.6370 in extension.

Alternative scenario:

Below 0.6300 look for further downside with 0.6285 & 0.6270 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: consolidation.

Pivot:

150.60

Our preference:

Short positions below 150.60 with targets at 150.10 & 149.90 in extension.

Alternative scenario:

Above 150.60 look for further upside with 150.75 & 150.90 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

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