ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 28 December 2023

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Publish date: Thu, 28 Dec 2023, 09:46 AM
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ATFX Daily Market Newsletter

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

Pivot:

74.75

Our preference:

Short positions below 74.75 with targets at 73.15 & 72.45 in extension.

Alternative scenario:

Above 74.75 look for further upside with 75.55 & 76.15 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

Gold Intraday: bullish bias above 2070.00.

Pivot:

2070.00

Our preference:

Long positions above 2070.00 with targets at 2084.00 & 2090.00 in extension.

Alternative scenario:

Below 2070.00 look for further downside with 2060.00 & 2054.00 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.1080

Our preference:

Long positions above 1.1080 with targets at 1.1130 & 1.1150 in extension.

Alternative scenario:

Below 1.1080 look for further downside with 1.1060 & 1.1040 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2760

Our preference:

Long positions above 1.2760 with targets at 1.2830 & 1.2850 in extension.

Alternative scenario:

Below 1.2760 look for further downside with 1.2740 & 1.2720 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

AUD/USD Intraday: towards 0.6880.

Pivot:

0.6825

Our preference:

Long positions above 0.6825 with targets at 0.6865 & 0.6880 in extension.

Alternative scenario:

Below 0.6825 look for further downside with 0.6810 & 0.6795 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

142.15

Our preference:

Short positions below 142.15 with targets at 141.20 & 140.90 in extension.

Alternative scenario:

Above 142.15 look for further upside with 142.45 & 142.80 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

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