ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 29 November 2023

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Publish date: Wed, 29 Nov 2023, 11:07 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: expect 77.90.

Pivot:

75.90

Our preference:

Long positions above 75.90 with targets at 77.10 & 77.90 in extension.

Alternative scenario:

Below 75.90 look for further downside with 75.00 & 74.55 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

Gold Intraday: further upside.

Pivot:

2028.00

Our preference:

Long positions above 2028.00 with targets at 2055.00 & 2065.00 in extension.

Alternative scenario:

Below 2028.00 look for further downside with 2018.00 & 2008.00 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0965

Our preference:

Long positions above 1.0965 with targets at 1.1020 & 1.1040 in extension.

Alternative scenario:

Below 1.0965 look for further downside with 1.0945 & 1.0925 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2670

Our preference:

Long positions above 1.2670 with targets at 1.2740 & 1.2760 in extension.

Alternative scenario:

Below 1.2670 look for further downside with 1.2640 & 1.2610 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

AUD/USD Intraday: towards 0.6690.

Pivot:

0.6630

Our preference:

Long positions above 0.6630 with targets at 0.6675 & 0.6690 in extension.

Alternative scenario:

Below 0.6630 look for further downside with 0.6615 & 0.6595 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

147.70

Our preference:

Short positions below 147.70 with targets at 146.50 & 146.20 in extension.

Alternative scenario:

Above 147.70 look for further upside with 148.00 & 148.30 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

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