ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 14 December 2023

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Publish date: Thu, 14 Dec 2023, 06:01 PM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound.

Pivot:

69.00

Our preference:

Long positions above 69.00 with targets at 70.35 & 71.10 in extension.

Alternative scenario:

Below 69.00 look for further downside with 68.00 & 67.35 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

Gold Intraday: the upside prevails.

Pivot:

2008.00

Our preference:

Long positions above 2008.00 with targets at 2039.00 & 2050.00 in extension.

Alternative scenario:

Below 2008.00 look for further downside with 2000.00 & 1991.00 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

EUR/USD Intraday: further upside.

Pivot:

1.0830

Our preference:

Long positions above 1.0830 with targets at 1.0910 & 1.0940 in extension.

Alternative scenario:

Below 1.0830 look for further downside with 1.0800 & 1.0770 as targets.

Comment:

The break above 1.0830 is a positive signal that has opened a path to 1.0910.

Analyst Views Chart

GBP/USD Intraday: further advance.

Pivot:

1.2565

Our preference:

Long positions above 1.2565 with targets at 1.2655 & 1.2685 in extension.

Alternative scenario:

Below 1.2565 look for further downside with 1.2535 & 1.2500 as targets.

Comment:

The break above 1.2565 is a positive signal that has opened a path to 1.2655.

Analyst Views Chart

AUD/USD Intraday: further advance.

Pivot:

0.6605

Our preference:

Long positions above 0.6605 with targets at 0.6700 & 0.6735 in extension.

Alternative scenario:

Below 0.6605 look for further downside with 0.6580 & 0.6550 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

144.10

Our preference:

Short positions below 144.10 with targets at 141.80 & 141.10 in extension.

Alternative scenario:

Above 144.10 look for further upside with 145.00 & 145.90 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

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