ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 28 November 2023

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Publish date: Tue, 28 Nov 2023, 11:33 AM
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ATFX Daily Market Newsletter

Gold Intraday: bullish bias above 2005.00.

Pivot:

2005.00

Our preference:

Long positions above 2005.00 with targets at 2018.00 & 2025.00 in extension.

Alternative scenario:

Below 2005.00 look for further downside with 1997.00 & 1991.00 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

Crude Oil (WTI)‎ (F4)‎ Intraday: intraday support around 74.55.

Pivot:

74.55

Our preference:

Long positions above 74.55 with targets at 75.80 & 76.30 in extension.

Alternative scenario:

Below 74.55 look for further downside with 73.80 & 73.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0925

Our preference:

Long positions above 1.0925 with targets at 1.0970 & 1.0990 in extension.

Alternative scenario:

Below 1.0925 look for further downside with 1.0905 & 1.0885 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2600

Our preference:

Long positions above 1.2600 with targets at 1.2655 & 1.2675 in extension.

Alternative scenario:

Below 1.2600 look for further downside with 1.2580 & 1.2560 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6585

Our preference:

Long positions above 0.6585 with targets at 0.6630 & 0.6650 in extension.

Alternative scenario:

Below 0.6585 look for further downside with 0.6565 & 0.6550 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

148.90

Our preference:

Short positions below 148.90 with targets at 148.10 & 147.80 in extension.

Alternative scenario:

Above 148.90 look for further upside with 149.10 & 149.30 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

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