ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 2 March 2023

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Publish date: Thu, 02 Mar 2023, 10:57 AM
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ATFX Daily Market Newsletter

GBP/USD Intraday: rebound expected.

Pivot:

1.1975

Our preference:

Long positions above 1.1975 with targets at 1.2075 & 1.2105 in extension.

Alternative scenario:

Below 1.1975 look for further downside with 1.1950 & 1.1920 as targets.

Comment:

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

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0635.

Pivot:

1.0635

Our preference:

Long positions above 1.0635 with targets at 1.0690 & 1.0710 in extension.

Alternative scenario:

Below 1.0635 look for further downside with 1.0615 & 1.0595 as targets.

Comment:

A support base at 1.0635 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6730

Our preference:

Long positions above 0.6730 with targets at 0.6780 & 0.6800 in extension.

Alternative scenario:

Below 0.6730 look for further downside with 0.6710 & 0.6695 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

Gold Intraday: the upside prevails.

Pivot:

1829.00

Our preference:

Long positions above 1829.00 with targets at 1844.00 & 1850.00 in extension.

Alternative scenario:

Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 135.50.

Pivot:

135.50

Our preference:

Long positions above 135.50 with targets at 136.45 & 136.80 in extension.

Alternative scenario:

Below 135.50 look for further downside with 135.20 & 134.90 as targets.

Comment:

The next resistances are at 136.45 and then at 136.80.

Analyst Views Chart

Crude Oil (WTI)‎ (J3)‎ Intraday: 79.00 in sight.

Pivot:

76.60

Our preference:

Long positions above 76.60 with targets at 78.40 & 79.00 in extension.

Alternative scenario:

Below 76.60 look for further downside with 76.10 & 75.60 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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