ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 04 April 2023

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Publish date: Tue, 04 Apr 2023, 11:05 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: further advance.

Pivot:

0.6740

Our preference:

Long positions above 0.6740 with targets at 0.6820 & 0.6845 in extension.

Alternative scenario:

Below 0.6740 look for further downside with 0.6710 & 0.6680 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Gold Intraday: 2003.00 expected.

Pivot:

1972.00

Our preference:

Long positions above 1972.00 with targets at 1995.00 & 2003.00 in extension.

Alternative scenario:

Below 1972.00 look for further downside with 1964.00 & 1957.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 79.00.

Pivot:

79.00

Our preference:

Long positions above 79.00 with targets at 81.65 & 82.30 in extension.

Alternative scenario:

Below 79.00 look for further downside with 78.00 & 77.00 as targets.

Comment:

A support base at 79.00 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0870

Our preference:

Long positions above 1.0870 with targets at 1.0925 & 1.0950 in extension.

Alternative scenario:

Below 1.0870 look for further downside with 1.0850 & 1.0830 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2370

Our preference:

Long positions above 1.2370 with targets at 1.2460 & 1.2490 in extension.

Alternative scenario:

Below 1.2370 look for further downside with 1.2350 & 1.2330 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: the downside prevails.

Pivot:

132.80

Our preference:

Short positions below 132.80 with targets at 131.90 & 131.60 in extension.

Alternative scenario:

Above 132.80 look for further upside with 133.10 & 133.40 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

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