ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 6 November 2023

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Publish date: Mon, 06 Nov 2023, 10:09 AM
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ATFX Daily Market Newsletter

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

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 82.30 & 83.40 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

Gold Intraday: the bias remains bullish.

Pivot:

1984.00

Our preference:

Long positions above 1984.00 with targets at 1995.00 & 2000.00 in extension.

Alternative scenario:

Below 1984.00 look for further downside with 1978.00 & 1970.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Analyst Views Chart

EUR/USD Intraday: towards 1.0770.

Pivot:

1.0690

Our preference:

Long positions above 1.0690 with targets at 1.0745 & 1.0770 in extension.

Alternative scenario:

Below 1.0690 look for further downside with 1.0660 & 1.0630 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2315

Our preference:

Long positions above 1.2315 with targets at 1.2400 & 1.2430 in extension.

Alternative scenario:

Below 1.2315 look for further downside with 1.2280 & 1.2250 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6480

Our preference:

Long positions above 0.6480 with targets at 0.6535 & 0.6555 in extension.

Alternative scenario:

Below 0.6480 look for further downside with 0.6455 & 0.6435 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: 149.00 in sight.

Pivot:

149.75

Our preference:

Short positions below 149.75 with targets at 149.20 & 149.00 in extension.

Alternative scenario:

Above 149.75 look for further upside with 150.00 & 150.20 as targets.

Comment:

As long as the resistance at 149.75 is not surpassed, the risk of the break below 149.20 remains high.

Analyst Views Chart

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