ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 4 December 2023

newsroom
Publish date: Mon, 04 Dec 2023, 10:33 AM
newsroom
0 581
ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: key resistance at 75.35.

Pivot:

75.35

Our preference:

Short positions below 75.35 with targets at 73.90 & 73.40 in extension.

Alternative scenario:

Above 75.35 look for further upside with 76.40 & 77.10 as targets.

Comment:

As long as 75.35 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Gold Intraday: further advance.

Pivot:

2050.00

Our preference:

Long positions above 2050.00 with targets at 2085.00 & 2100.00 in extension.

Alternative scenario:

Below 2050.00 look for further downside with 2035.00 & 2020.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0850.

Pivot:

1.0850

Our preference:

Long positions above 1.0850 with targets at 1.0910 & 1.0940 in extension.

Alternative scenario:

Below 1.0850 look for further downside with 1.0825 & 1.0800 as targets.

Comment:

The break above 1.0850 is a positive signal that has opened a path to 1.0910.

Analyst Views Chart

GBP/USD Intraday: continuation of the rebound.

Pivot:

1.2670

Our preference:

Long positions above 1.2670 with targets at 1.2730 & 1.2750 in extension.

Alternative scenario:

Below 1.2670 look for further downside with 1.2635 & 1.2610 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

AUD/USD Intraday: the upside prevails.

Pivot:

0.6635

Our preference:

Long positions above 0.6635 with targets at 0.6690 & 0.6715 in extension.

Alternative scenario:

Below 0.6635 look for further downside with 0.6610 & 0.6585 as targets.

Comment:

The break above 0.6635 is a positive signal that has opened a path to 0.6690.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

147.50

Our preference:

Short positions below 147.50 with targets at 146.40 & 146.00 in extension.

Alternative scenario:

Above 147.50 look for further upside with 147.90 & 148.35 as targets.

Comment:

The break below 147.50 is a negative signal that has opened a path to 146.40.

Analyst Views Chart

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment