ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 November 2023

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Publish date: Wed, 08 Nov 2023, 10:51 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (Z3)‎ Intraday: expect 76.35.

Pivot:

78.20

Our preference:

Short positions below 78.20 with targets at 76.35 & 75.30 in extension.

Alternative scenario:

Above 78.20 look for further upside with 78.90 & 79.70 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

Gold Intraday: rebound expected.

Pivot:

1961.00

Our preference:

Long positions above 1961.00 with targets at 1974.00 & 1980.00 in extension.

Alternative scenario:

Below 1961.00 look for further downside with 1956.00 & 1951.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0675

Our preference:

Long positions above 1.0675 with targets at 1.0710 & 1.0725 in extension.

Alternative scenario:

Below 1.0675 look for further downside with 1.0660 & 1.0645 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2260.

Pivot:

1.2260

Our preference:

Long positions above 1.2260 with targets at 1.2320 & 1.2340 in extension.

Alternative scenario:

Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets.

Comment:

A support base at 1.2260 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

AUD/USD Intraday: bullish bias above 0.6410.

Pivot:

0.6410

Our preference:

Long positions above 0.6410 with targets at 0.6445 & 0.6460 in extension.

Alternative scenario:

Below 0.6410 look for further downside with 0.6395 & 0.6380 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: consolidation.

Pivot:

150.65

Our preference:

Short positions below 150.65 with targets at 150.15 & 150.00 in extension.

Alternative scenario:

Above 150.65 look for further upside with 150.80 & 151.00 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

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