ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 19 December 2023

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Publish date: Tue, 19 Dec 2023, 09:48 AM
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ATFX Daily Market Newsletter

Gold Intraday: intraday support around 2019.00.\

Pivot:

2019.00

Our preference:

Long positions above 2019.00 with targets at 2033.00 & 2038.00 in extension.

Alternative scenario:

Below 2019.00 look for further downside with 2012.00 & 2004.00 as targets.

Comment:

The RSI is above its neutrality area at 50%.

Analyst Views Chart

Crude Oil (WTI)‎ (G4)‎ Intraday: under pressure.

Pivot:

73.75

Our preference:

Short positions below 73.75 with targets at 72.10 & 71.60 in extension.

Alternative scenario:

Above 73.75 look for further upside with 74.60 & 75.40 as targets.

Comment:

The RSI calls for a drop.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0890

Our preference:

Long positions above 1.0890 with targets at 1.0945 & 1.0970 in extension.

Alternative scenario:

Below 1.0890 look for further downside with 1.0860 & 1.0830 as targets.

Comment:

The RSI is mixed to bullish.

Analyst Views Chart

GBP/USD Intraday: watch 1.2615.

Pivot:

1.2695

Our preference:

Short positions below 1.2695 with targets at 1.2615 & 1.2585 in extension.

Alternative scenario:

Above 1.2695 look for further upside with 1.2725 & 1.2760 as targets.

Comment:

A break below 1.2615 would trigger a drop towards 1.2585.

Analyst Views Chart

AUD/USD Intraday: range.

Pivot:

0.6735

Our preference:

Short positions below 0.6735 with targets at 0.6665 & 0.6635 in extension.

Alternative scenario:

Above 0.6735 look for further upside with 0.6770 & 0.6800 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 0.6735.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

142.10

Our preference:

Long positions above 142.10 with targets at 143.30 & 143.80 in extension.

Alternative scenario:

Below 142.10 look for further downside with 141.50 & 140.90 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Analyst Views Chart

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