ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 9 March 2023

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Publish date: Thu, 09 Mar 2023, 12:13 PM
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ATFX Daily Market Newsletter

GBP/USD Intraday: rebound expected.

Pivot:

1.1815

Our preference:

Long positions above 1.1815 with targets at 1.1860 & 1.1890 in extension.

Alternative scenario:

Below 1.1815 look for further downside with 1.1790 & 1.1770 as targets.

Comment:

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

Analyst Views Chart

EUR/USD Intraday: rebound expected.

Pivot:

1.0525

Our preference:

Long positions above 1.0525 with targets at 1.0570 & 1.0590 in extension.

Alternative scenario:

Below 1.0525 look for further downside with 1.0505 & 1.0485 as targets.

Comment:

A support base at 1.0525 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

AUD/USD Intraday: watch 0.6570.

Pivot:

0.6625

Our preference:

Short positions below 0.6625 with targets at 0.6570 & 0.6545 in extension.

Alternative scenario:

Above 0.6625 look for further upside with 0.6650 & 0.6675 as targets.

Comment:

A break below 0.6570 would trigger a drop towards 0.6545.

Analyst Views Chart

Gold Intraday: key resistance at 1823.00.

Pivot:

1823.00

Our preference:

Short positions below 1823.00 with targets at 1809.00 & 1802.00 in extension.

Alternative scenario:

Above 1823.00 look for further upside with 1829.00 & 1834.00 as targets.

Comment:

As long as 1823.00 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 136.85.

Pivot:

136.85

Our preference:

Long positions above 136.85 with targets at 137.55 & 137.90 in extension.

Alternative scenario:

Below 136.85 look for further downside with 136.50 & 136.15 as targets.

Comment:

The RSI is around its neutrality area at 50%

Analyst Views Chart

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

Pivot:

77.30

Our preference:

Short positions below 77.30 with targets at 75.80 & 75.00 in extension.

Alternative scenario:

Above 77.30 look for further upside with 77.90 & 78.50 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

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