ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 28 March 2023

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Publish date: Tue, 28 Mar 2023, 10:32 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6635

Our preference:

Long positions above 0.6635 with targets at 0.6675 & 0.6690 in extension.

Alternative scenario:

Below 0.6635 look for further downside with 0.6620 & 0.6600 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Gold Intraday: key resistance at 1967.00.

Pivot:

1967.00

Our preference:

Short positions below 1967.00 with targets at 1950.00 & 1943.00 in extension.

Alternative scenario:

Above 1967.00 look for further upside with 1973.00 & 1979.00 as targets.

Comment:

As long as 1967.00 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: further upside.

Pivot:

71.50

Our preference:

Long positions above 71.50 with targets at 73.75 & 74.85 in extension.

Alternative scenario:

Below 71.50 look for further downside with 70.70 & 69.90 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0775

Our preference:

Long positions above 1.0775 with targets at 1.0820 & 1.0845 in extension.

Alternative scenario:

Below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2260

Our preference:

Long positions above 1.2260 with targets at 1.2310 & 1.2340 in extension.

Alternative scenario:

Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: expect 130.40.

Pivot:

131.50

Our preference:

Short positions below 131.50 with targets at 130.70 & 130.40 in extension.

Alternative scenario:

Above 131.50 look for further upside with 131.75 & 132.00 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

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