ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 30 November 2023

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Publish date: Thu, 30 Nov 2023, 11:34 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: intraday support around 77.00.

Pivot:

77.00

Our preference:

Long positions above 77.00 with targets at 78.50 & 79.20 in extension.

Alternative scenario:

Below 77.00 look for further downside with 76.30 & 75.75 as targets.

Comment:

The next resistances are at 78.50 and then at 79.20.

Analyst Views Chart

Gold Intraday: bullish bias above 2034.00.

Pivot:

2034.00

Our preference:

Long positions above 2034.00 with targets at 2052.00 & 2060.00 in extension.

Alternative scenario:

Below 2034.00 look for further downside with 2028.00 & 2020.00 as targets.

Comment:

The immediate trend remains up but the momentum is weak.

Analyst Views Chart

EUR/USD Intraday: key resistance at 1.0995.

Pivot:

1.0995

Our preference:

Short positions below 1.0995 with targets at 1.0950 & 1.0930 in extension.

Alternative scenario:

Above 1.0995 look for further upside with 1.1015 & 1.1040 as targets.

Comment:

As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0950 remains high.

Analyst Views Chart

GBP/USD Intraday: under pressure.

Pivot:

1.2735

Our preference:

Short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario:

Above 1.2735 look for further upside with 1.2760 & 1.2785 as targets.

Comment:

As long as 1.2735 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

AUD/USD Intraday: watch 0.6600.

Pivot:

0.6640

Our preference:

Short positions below 0.6640 with targets at 0.6600 & 0.6585 in extension.

Alternative scenario:

Above 0.6640 look for further upside with 0.6660 & 0.6675 as targets.

Comment:

A break below 0.6600 would trigger a drop towards 0.6585.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

147.70

Our preference:

Short positions below 147.70 with targets at 146.65 & 146.30 in extension.

Alternative scenario:

Above 147.70 look for further upside with 148.15 & 148.65 as targets.

Comment:

The immediate trend remains down and the momentum is strong.

Analyst Views Chart

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