ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 7 November 2023

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Publish date: Tue, 07 Nov 2023, 10:27 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: expect 79.50.

Pivot:

82.00

Our preference:

Short positions below 82.00 with targets at 80.10 & 79.50 in extension.

Alternative scenario:

Above 82.00 look for further upside with 82.60 & 83.30 as targets.

Comment:

As long as the resistance at 82.00 is not surpassed, the risk of the break below 80.10 remains high.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1987.00

Our preference:

Short positions below 1987.00 with targets at 1970.00 & 1963.00 in extension.

Alternative scenario:

Above 1987.00 look for further upside with 1993.00 & 2000.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

EUR/USD Intraday: under pressure.

Pivot:

1.0755

Our preference:

Short positions below 1.0755 with targets at 1.0690 & 1.0660 in extension.

Alternative scenario:

Above 1.0755 look for further upside with 1.0780 & 1.0800 as targets.

Comment:

The RSI calls for a drop.

Analyst Views Chart

GBP/USD Intraday: watch 1.2315.

Pivot:

1.2400

Our preference:

Short positions below 1.2400 with targets at 1.2315 & 1.2280 in extension.

Alternative scenario:

Above 1.2400 look for further upside with 1.2430 & 1.2460 as targets.

Comment:

A break below 1.2315 would trigger a drop towards 1.2280.

Analyst Views Chart

AUD/USD Intraday: watch 0.6475.

Pivot:

0.6515

Our preference:

Short positions below 0.6515 with targets at 0.6475 & 0.6455 in extension.

Alternative scenario:

Above 0.6515 look for further upside with 0.6535 & 0.6555 as targets.

Comment:

A break below 0.6475 would trigger a drop towards 0.6455.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

149.70

Our preference:

Long positions above 149.70 with targets at 150.25 & 150.50 in extension.

Alternative scenario:

Below 149.70 look for further downside with 149.40 & 149.15 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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