ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 15 November 2023

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Publish date: Wed, 15 Nov 2023, 10:53 AM
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ATFX Daily Market Newsletter

Gold Intraday: the upside prevails.

Pivot:

1955.00

Our preference:

Long positions above 1955.00 with targets at 1970.00 & 1976.00 in extension.

Alternative scenario:

Below 1955.00 look for further downside with 1949.00 & 1943.00 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

Crude Oil (WTI)‎ (Z3)‎ Intraday: the downside prevails.

Pivot:

79.00

Our preference:

Short positions below 79.00 with targets at 77.40 & 76.80 in extension.

Alternative scenario:

Above 79.00 look for further upside with 79.75 & 80.30 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0840

Our preference:

Long positions above 1.0840 with targets at 1.0905 & 1.0930 in extension.

Alternative scenario:

Below 1.0840 look for further downside with 1.0810 & 1.0785 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2450

Our preference:

Long positions above 1.2450 with targets at 1.2525 & 1.2560 in extension.

Alternative scenario:

Below 1.2450 look for further downside with 1.2420 & 1.2390 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: the upside prevails.

Pivot:

0.6455

Our preference:

Long positions above 0.6455 with targets at 0.6540 & 0.6570 in extension.

Alternative scenario:

Below 0.6455 look for further downside with 0.6420 & 0.6380 as targets.

Comment:

The break above 0.6455 is a positive signal that has opened a path to 0.6540.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

150.85

Our preference:

Short positions below 150.85 with targets at 150.00 & 149.70 in extension.

Alternative scenario:

Above 150.85 look for further upside with 151.20 & 151.60 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

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