ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 2 January 2024

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Publish date: Tue, 02 Jan 2024, 10:01 AM
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ATFX Daily Market Newsletter

Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 72.55.

Pivot:

72.55

Our preference:

Short positions below 72.55 with targets at 71.20 & 70.45 in extension.

Alternative scenario:

Above 72.55 look for further upside with 73.70 & 74.30 as targets.

Comment:

As long as the resistance at 72.55 is not surpassed, the risk of the break below 71.20 remains high.

Analyst Views Chart

Gold Intraday: intraday support around 2057.00.

Pivot:

2057.00

Our preference:

Long positions above 2057.00 with targets at 2074.00 & 2080.00 in extension.

Alternative scenario:

Below 2057.00 look for further downside with 2051.00 & 2047.00 as targets.

Comment:

A support base at 2057.00 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

AUD/USD Intraday: the downside prevails.

Pivot:

0.6835

Our preference:

Short positions below 0.6835 with targets at 0.6795 & 0.6780 in extension.

Alternative scenario:

Above 0.6835 look for further upside with 0.6850 & 0.6870 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

GBP/USD Intraday: watch 1.2680.

Pivot:

1.2755

Our preference:

Short positions below 1.2755 with targets at 1.2700 & 1.2680 in extension.

Alternative scenario:

Above 1.2755 look for further upside with 1.2770 & 1.2785 as targets.

Comment:

As long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2700 remains high.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

141.35

Our preference:

Short positions below 141.35 with targets at 140.60 & 140.25 in extension.

Alternative scenario:

Above 141.35 look for further upside with 141.65 & 141.90 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

EUR/USD Intraday: towards 1.1000.

Pivot:

1.1065

Our preference:

Short positions below 1.1065 with targets at 1.1020 & 1.1000 in extension.

Alternative scenario:

Above 1.1065 look for further upside with 1.1080 & 1.1100 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

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