ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 17 February 2023

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Publish date: Fri, 17 Feb 2023, 10:45 AM
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ATFX Daily Market Newsletter

GBP/USD Intraday: 1.1900 in sight.

Pivot:

1.2030

Our preference:

Short positions below 1.2030 with targets at 1.1940 & 1.1900 in extension.

Alternative scenario:

Above 1.2030 look for further upside with 1.2070 & 1.2100 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0700

Our preference:

Short positions below 1.0700 with targets at 1.0640 & 1.0620 in extension.

Alternative scenario:

Above 1.0700 look for further upside with 1.0720 & 1.0740 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

AUD/USD Intraday: under pressure.

Pivot:

0.6905

Our preference:

Short positions below 0.6905 with targets at 0.6840 & 0.6810 in extension.

Alternative scenario:

Above 0.6905 look for further upside with 0.6935 & 0.6960 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

Gold Intraday: range.

Pivot:

1845.00

Our preference:

Short positions below 1845.00 with targets at 1827.00 & 1822.00 in extension.

Alternative scenario:

Above 1845.00 look for further upside with 1853.00 & 1860.00 as targets.

Comment:

As long as 1845.00 is resistance, expect a return to 1827.00.

Analyst Views Chart

Crude Oil (WTI)‎ (J3)‎ Intraday: the downside prevails.

Pivot:

79.00

Our preference:

Short positions below 79.00 with targets at 77.50 & 76.80 in extension.

Alternative scenario:

Above 79.00 look for further upside with 79.40 & 79.80 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 133.60.

Pivot:

133.60

Our preference:

Long positions above 133.60 with targets at 134.40 & 134.80 in extension.

Alternative scenario:

Below 133.60 look for further downside with 133.30 & 133.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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