ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 2 November 2023

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Publish date: Thu, 02 Nov 2023, 10:51 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: watch 79.80.

Pivot:

81.60

Our preference:

Short positions below 81.60 with targets at 80.30 & 79.80 in extension.

Alternative scenario:

Above 81.60 look for further upside with 82.45 & 83.40 as targets.

Comment:

As long as the resistance at 81.60 is not surpassed, the risk of the break below 80.30 remains high.

Analyst Views Chart

Gold Intraday: turning up.

Pivot:

1975.00

Our preference:

Long positions above 1975.00 with targets at 1992.00 & 2000.00 in extension.

Alternative scenario:

Below 1975.00 look for further downside with 1969.00 & 1963.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

EUR/USD Intraday: continuation of the rebound.

Pivot:

1.0550

Our preference:

Long positions above 1.0550 with targets at 1.0595 & 1.0615 in extension.

Alternative scenario:

Below 1.0550 look for further downside with 1.0530 & 1.0515 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2135

Our preference:

Long positions above 1.2135 with targets at 1.2200 & 1.2220 in extension.

Alternative scenario:

Below 1.2135 look for further downside with 1.2115 & 1.2095 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6385

Our preference:

Long positions above 0.6385 with targets at 0.6440 & 0.6460 in extension.

Alternative scenario:

Below 0.6385 look for further downside with 0.6370 & 0.6355 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: towards 149.90.

Pivot:

151.20

Our preference:

Short positions below 151.20 with targets at 150.25 & 149.90 in extension.

Alternative scenario:

Above 151.20 look for further upside with 151.45 & 151.70 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

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