ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 11 April 2023

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Publish date: Tue, 11 Apr 2023, 09:55 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: under pressure.

Pivot:

0.6685

Our preference:

Short positions below 0.6685 with targets at 0.6640 & 0.6620 in extension.

Alternative scenario:

Above 0.6685 look for further upside with 0.6700 & 0.6715 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

Gold Intraday: under pressure.

Pivot:

1972.00

Our preference:

Short positions below 1972.00 with targets at 1955.00 & 1948.00 in extension.

Alternative scenario:

Above 1972.00 look for further upside with 1977.00 & 1982.00 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: the upside prevails.

Pivot:

79.40

Our preference:

Long positions above 79.40 with targets at 82.10 & 83.00 in extension.

Alternative scenario:

Below 79.40 look for further downside with 78.00 & 77.00 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

EUR/USD Intraday: under pressure.

Pivot:

1.0850

Our preference:

Short positions below 1.0850 with targets at 1.0790 & 1.0760 in extension.

Alternative scenario:

Above 1.0850 look for further upside with 1.0880 & 1.0900 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

GBP/USD Intraday: the downside prevails.

Pivot:

1.2350

Our preference:

Short positions below 1.2350 with targets at 1.2280 & 1.2240 in extension.

Alternative scenario:

Above 1.2350 look for further upside with 1.2370 & 1.2390 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

USD/JPY Intraday: the bias remains bullish.

Pivot:

132.65

Our preference:

Long positions above 132.65 with targets at 133.60 & 133.85 in extension.

Alternative scenario:

Below 132.65 look for further downside with 132.40 & 132.20 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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