ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 March 2023

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Publish date: Wed, 08 Mar 2023, 12:22 PM
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ATFX Daily Market Newsletter

GBP/USD Intraday: under pressure.

Pivot:

1.1880

Our preference:

Short positions below 1.1880 with targets at 1.1800 & 1.1770 in extension.

Alternative scenario:

Above 1.1880 look for further upside with 1.1920 & 1.1950 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0580

Our preference:

Short positions below 1.0580 with targets at 1.0530 & 1.0510 in extension.

Alternative scenario:

Above 1.0580 look for further upside with 1.0600 & 1.0620 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

AUD/USD Intraday: the downside prevails.

Pivot:

0.6630

Our preference:

Short positions below 0.6630 with targets at 0.6550 & 0.6530 in extension.

Alternative scenario:

Above 0.6630 look for further upside with 0.6655 & 0.6680 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

Gold Intraday: under pressure.

Pivot:

1829.00

Our preference:

Short positions below 1829.00 with targets at 1806.00 & 1796.00 in extension.

Alternative scenario:

Above 1829.00 look for further upside with 1838.00 & 1845.00 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

136.70

Our preference:

Long positions above 136.70 with targets at 137.50 & 137.80 in extension.

Alternative scenario:

Below 136.70 look for further downside with 136.40 & 136.10 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure.

Pivot:

78.30

Our preference:

Short positions below 78.30 with targets at 76.45 & 75.80 in extension.

Alternative scenario:

Above 78.30 look for further upside with 79.50 & 80.15 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

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