ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 April 2023

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Publish date: Thu, 13 Apr 2023, 10:28 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6675

Our preference:

Long positions above 0.6675 with targets at 0.6715 & 0.6730 in extension.

Alternative scenario:

Below 0.6675 look for further downside with 0.6660 & 0.6645 as targets.

Comment:

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

Analyst Views Chart

Gold Intraday: expect 2032.00.

Pivot:

2005.00

Our preference:

Long positions above 2005.00 with targets at 2024.00 & 2032.00 in extension.

Alternative scenario:

Below 2005.00 look for further downside with 1999.00 & 1993.00 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: the bias remains bullish.

Pivot:

82.10

Our preference:

Long positions above 82.10 with targets at 83.80 & 84.50 in extension.

Alternative scenario:

Below 82.10 look for further downside with 81.30 & 80.60 as targets.

Comment:

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

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0960

Our preference:

Long positions above 1.0960 with targets at 1.1015 & 1.1035 in extension.

Alternative scenario:

Below 1.0960 look for further downside with 1.0940 & 1.0920 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2450

Our preference:

Long positions above 1.2450 with targets at 1.2515 & 1.2540 in extension.

Alternative scenario:

Below 1.2450 look for further downside with 1.2420 & 1.2400 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

USD/JPY Intraday: towards 132.40.

Pivot:

133.40

Our preference:

Short positions below 133.40 with targets at 132.70 & 132.40 in extension.

Alternative scenario:

Above 133.40 look for further upside with 133.70 & 134.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

Analyst Views Chart

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