ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 23 November 2023

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Publish date: Thu, 23 Nov 2023, 11:22 AM
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ATFX Daily Market Newsletter

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

Pivot:

75.95

Our preference:

Long positions above 75.95 with targets at 77.50 & 78.45 in extension.

Alternative scenario:

Below 75.95 look for further downside with 74.85 & 73.80 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

Gold Intraday: consolidation in place.

Pivot:

1998.00

Our preference:

Short positions below 1998.00 with targets at 1983.00 & 1976.00 in extension.

Alternative scenario:

Above 1998.00 look for further upside with 2007.00 & 2014.00 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

EUR/USD Intraday: watch 1.0850.

Pivot:

1.0900

Our preference:

Short positions below 1.0900 with targets at 1.0870 & 1.0850 in extension.

Alternative scenario:

Above 1.0900 look for further upside with 1.0920 & 1.0940 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.0900.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2515

Our preference:

Short positions below 1.2515 with targets at 1.2470 & 1.2450 in extension.

Alternative scenario:

Above 1.2515 look for further upside with 1.2535 & 1.2555 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

AUD/USD Intraday: expect 0.6505.

Pivot:

0.6565

Our preference:

Short positions below 0.6565 with targets at 0.6520 & 0.6505 in extension.

Alternative scenario:

Above 0.6565 look for further upside with 0.6585 & 0.6600 as targets.

Comment:

As long as the resistance at 0.6565 is not surpassed, the risk of the break below 0.6520 remains high.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

149.00

Our preference:

Long positions above 149.00 with targets at 149.75 & 150.10 in extension.

Alternative scenario:

Below 149.00 look for further downside with 148.70 & 148.40 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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