ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 21 November 2023

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Publish date: Tue, 21 Nov 2023, 12:53 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: the bias remains bullish.

Pivot:

77.25

Our preference:

Long positions above 77.25 with targets at 78.45 & 79.00 in extension.

Alternative scenario:

Below 77.25 look for further downside with 76.30 & 75.40 as targets.

Comment:

Investors have to remain cautious since these levels may trigger profit taking.

Analyst Views Chart

Gold Intraday: continuation of the rebound.

Pivot:

1970.00

Our preference:

Long positions above 1970.00 with targets at 1985.00 & 1993.00 in extension.

Alternative scenario:

Below 1970.00 look for further downside with 1963.00 & 1957.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0920

Our preference:

Long positions above 1.0920 with targets at 1.0960 & 1.0975 in extension.

Alternative scenario:

Below 1.0920 look for further downside with 1.0905 & 1.0890 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2475

Our preference:

Long positions above 1.2475 with targets at 1.2525 & 1.2540 in extension.

Alternative scenario:

Below 1.2475 look for further downside with 1.2460 & 1.2445 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6535

Our preference:

Long positions above 0.6535 with targets at 0.6575 & 0.6590 in extension.

Alternative scenario:

Below 0.6535 look for further downside with 0.6520 & 0.6505 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

148.70

Our preference:

Short positions below 148.70 with targets at 148.00 & 147.70 in extension.

Alternative scenario:

Above 148.70 look for further upside with 149.00 & 149.20 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

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