ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 10 April 2023

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Publish date: Mon, 10 Apr 2023, 11:17 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: key resistance at 0.6690.

Pivot:

0.6690

Our preference:

Short positions below 0.6690 with targets at 0.6650 & 0.6630 in extension.

Alternative scenario:

Above 0.6690 look for further upside with 0.6710 & 0.6730 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Gold Intraday: key resistance at 2015.00.

Pivot:

2015.00

Our preference:

Short positions below 2015.00 with targets at 1997.00 & 1990.00 in extension.

Alternative scenario:

Above 2015.00 look for further upside with 2023.00 & 2031.00 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: look for 82.40.

Pivot:

80.10

Our preference:

Long positions above 80.10 with targets at 81.80 & 82.40 in extension.

Alternative scenario:

Below 80.10 look for further downside with 79.60 & 79.10 as targets.

Comment:

The next resistances are at 81.80 and then at 82.40.

Analyst Views Chart

EUR/USD Intraday: key resistance at 1.0925.

Pivot:

1.0925

Our preference:

Short positions below 1.0925 with targets at 1.0890 & 1.0875 in extension.

Alternative scenario:

Above 1.0925 look for further upside with 1.0940 & 1.0955 as targets.

Comment:

As long as 1.0925 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

GBP/USD Intraday: capped by a negative trend line.

Pivot:

1.2445

Our preference:

Short positions below 1.2445 with targets at 1.2405 & 1.2390 in extension.

Alternative scenario:

Above 1.2445 look for further upside with 1.2465 & 1.2485 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.2445.

Analyst Views Chart

USD/JPY Intraday: further upside.

Pivot:

131.85

Our preference:

Long positions above 131.85 with targets at 132.60 & 133.10 in extension.

Alternative scenario:

Below 131.85 look for further downside with 131.50 & 131.20 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

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