ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 12 April 2023

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Publish date: Wed, 12 Apr 2023, 09:35 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: bullish bias above 0.6630.

Pivot:

0.6630

Our preference:

Long positions above 0.6630 with targets at 0.6665 & 0.6680 in extension.

Alternative scenario:

Below 0.6630 look for further downside with 0.6615 & 0.6600 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Analyst Views Chart

Gold Intraday: watch 2015.00.

Pivot:

1996.00

Our preference:

Long positions above 1996.00 with targets at 2010.00 & 2015.00 in extension.

Alternative scenario:

Below 1996.00 look for further downside with 1990.00 & 1982.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 81.00.

Pivot:

81.00

Our preference:

Long positions above 81.00 with targets at 81.80 & 82.30 in extension.

Alternative scenario:

Below 81.00 look for further downside with 80.50 & 80.00 as targets.

Comment:

The next resistances are at 81.80 and then at 82.30.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0890

Our preference:

Long positions above 1.0890 with targets at 1.0935 & 1.0950 in extension.

Alternative scenario:

Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2405

Our preference:

Long positions above 1.2405 with targets at 1.2455 & 1.2470 in extension.

Alternative scenario:

Below 1.2405 look for further downside with 1.2390 & 1.2370 as targets.

Comment:

A support base at 1.2405 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

USD/JPY Intraday: expect 134.10.

Pivot:

133.25

Our preference:

Long positions above 133.25 with targets at 133.85 & 134.10 in extension.

Alternative scenario:

Below 133.25 look for further downside with 132.95 & 132.70 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

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