ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 27 November 2023

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Publish date: Mon, 27 Nov 2023, 11:23 AM
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ATFX Daily Market Newsletter

Gold Intraday: watch 2011.00.

Pivot:

1996.00

Our preference:

Long positions above 1996.00 with targets at 2006.00 & 2011.00 in extension.

Alternative scenario:

Below 1996.00 look for further downside with 1991.00 & 1986.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (F4)‎ Intraday: expect 74.85.

Pivot:

76.00

Our preference:

Short positions below 76.00 with targets at 74.85 & 73.80 in extension.

Alternative scenario:

Above 76.00 look for further upside with 77.10 & 77.95 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0915

Our preference:

Long positions above 1.0915 with targets at 1.0960 & 1.0975 in extension.

Alternative scenario:

Below 1.0915 look for further downside with 1.0900 & 1.0885 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2560

Our preference:

Long positions above 1.2560 with targets at 1.2630 & 1.2650 in extension.

Alternative scenario:

Below 1.2560 look for further downside with 1.2540 & 1.2520 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

AUD/USD Intraday: bullish bias above 0.6560.

Pivot:

0.6560

Our preference:

Long positions above 0.6560 with targets at 0.6600 & 0.6615 in extension.

Alternative scenario:

Below 0.6560 look for further downside with 0.6545 & 0.6530 as targets.

Comment:

The RSI is above its neutrality area at 50%.

Analyst Views Chart

USD/JPY Intraday: the bias remains bullish.

Pivot:

149.20

Our preference:

Long positions above 149.20 with targets at 149.75 & 150.00 in extension.

Alternative scenario:

Below 149.20 look for further downside with 148.90 & 148.60 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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