ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 27 December 2023

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Publish date: Wed, 27 Dec 2023, 09:36 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (G4)‎ Intraday: bullish bias above 74.55.

Pivot:

74.55

Our preference:

Long positions above 74.55 with targets at 76.15 & 76.90 in extension.

Alternative scenario:

Below 74.55 look for further downside with 73.95 & 73.15 as targets.

Comment:

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

Analyst Views Chart

Gold Intraday: the upside prevails.

Pivot:

2057.00

Our preference:

Long positions above 2057.00 with targets at 2076.00 & 2082.00 in extension.

Alternative scenario:

Below 2057.00 look for further downside with 2051.00 & 2046.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.1020

Our preference:

Long positions above 1.1020 with targets at 1.1055 & 1.1070 in extension.

Alternative scenario:

Below 1.1020 look for further downside with 1.1005 & 1.0990 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: towards 1.2760.

Pivot:

1.2700

Our preference:

Long positions above 1.2700 with targets at 1.2745 & 1.2760 in extension.

Alternative scenario:

Below 1.2700 look for further downside with 1.2680 & 1.2665 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: further upside.

Pivot:

0.6805

Our preference:

Long positions above 0.6805 with targets at 0.6840 & 0.6855 in extension.

Alternative scenario:

Below 0.6805 look for further downside with 0.6790 & 0.6770 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 142.30.

Pivot:

142.30

Our preference:

Long positions above 142.30 with targets at 142.80 & 143.00 in extension.

Alternative scenario:

Below 142.30 look for further downside with 142.10 & 141.90 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

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