ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 20 November 2023

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Publish date: Mon, 20 Nov 2023, 10:23 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound.

Pivot:

74.70

Our preference:

Long positions above 74.70 with targets at 76.80 & 78.10 in extension.

Alternative scenario:

Below 74.70 look for further downside with 73.90 & 73.10 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

Gold Intraday: watch 1963.00.

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 advocates for further decline.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0875

Our preference:

Long positions above 1.0875 with targets at 1.0930 & 1.0955 in extension.

Alternative scenario:

Below 1.0875 look for further downside with 1.0855 & 1.0835 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2410

Our preference:

Long positions above 1.2410 with targets at 1.2490 & 1.2520 in extension.

Alternative scenario:

Below 1.2410 look for further downside with 1.2375 & 1.2340 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6490

Our preference:

Long positions above 0.6490 with targets at 0.6530 & 0.6545 in extension.

Alternative scenario:

Below 0.6490 look for further downside with 0.6470 & 0.6455 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: key resistance at 150.00.

Pivot:

150.00

Our preference:

Short positions below 150.00 with targets at 149.20 & 148.90 in extension.

Alternative scenario:

Above 150.00 look for further upside with 150.40 & 150.80 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 150.00.

Analyst Views Chart

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