ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 1 November 2023

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Publish date: Wed, 01 Nov 2023, 01:05 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 81.95.

Pivot:

81.95

Our preference:

Short positions below 81.95 with targets at 80.75 & 80.20 in extension.

Alternative scenario:

Above 81.95 look for further upside with 82.80 & 83.35 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1993.00

Our preference:

Short positions below 1993.00 with targets at 1978.00 & 1971.00 in extension.

Alternative scenario:

Above 1993.00 look for further upside with 2000.00 & 2007.00 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

EUR/USD Intraday: under pressure.

Pivot:

1.0610

Our preference:

Short positions below 1.0610 with targets at 1.0555 & 1.0535 in extension.

Alternative scenario:

Above 1.0610 look for further upside with 1.0630 & 1.0650 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

GBP/USD Intraday: choppy.

Pivot:

1.2170

Our preference:

Short positions below 1.2170 with targets at 1.2120 & 1.2105 in extension.

Alternative scenario:

Above 1.2170 look for further upside with 1.2185 & 1.2220 as targets.

Comment:

As long as 1.2170 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

AUD/USD Intraday: expect 0.6300.

Pivot:

0.6360

Our preference:

Short positions below 0.6360 with targets at 0.6315 & 0.6300 in extension.

Alternative scenario:

Above 0.6360 look for further upside with 0.6380 & 0.6400 as targets.

Comment:

As long as the resistance at 0.6360 is not surpassed, the risk of the break below 0.6315 remains high.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

150.60

Our preference:

Long positions above 150.60 with targets at 151.70 & 152.00 in extension.

Alternative scenario:

Below 150.60 look for further downside with 150.25 & 149.90 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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