ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 February 2023

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Publish date: Wed, 08 Feb 2023, 10:56 AM
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ATFX Daily Market Newsletter

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.1990

Our preference:

Long positions above 1.1990 with targets at 1.2095 & 1.2120 in extension.

Alternative scenario:

Below 1.1990 look for further downside with 1.1960 & 1.1920 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0685.

Pivot:

1.0685

Our preference:

Long positions above 1.0685 with targets at 1.0765 & 1.0780 in extension.

Alternative scenario:

Below 1.0685 look for further downside with 1.0665 & 1.0640 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

AUD/USD Intraday: expect 0.7010.

Pivot:

0.6910

Our preference:

Long positions above 0.6910 with targets at 0.6985 & 0.7010 in extension.

Alternative scenario:

Below 0.6910 look for further downside with 0.6885 & 0.6855 as targets.

Comment:

The RSI calls for a new upleg.

Analyst Views Chart

Gold Intraday: range.

Pivot:

1886.00

Our preference:

Short positions below 1886.00 with targets at 1860.00 & 1850.00 in extension.

Alternative scenario:

Above 1886.00 look for further upside with 1896.00 & 1909.00 as targets.

Comment:

The RSI is around its neutrality area at 50%

Analyst Views Chart

USD/JPY Intraday: watch 130.20.

Pivot:

131.70

Our preference:

Short positions below 131.70 with targets at 130.50 & 130.20 in extension.

Alternative scenario:

Above 131.70 look for further upside with 132.00 & 132.30 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

Crude Oil (WTI)‎ (H3)‎ Intraday: the upside prevails.

Pivot:

76.00

Our preference:

Long positions above 76.00 with targets at 78.80 & 79.60 in extension.

Alternative scenario:

Below 76.00 look for further downside with 75.30 & 74.70 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

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