ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 25 April 2023

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Publish date: Tue, 25 Apr 2023, 12:13 PM
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ATFX Daily Market Newsletter

AUD/USD Intraday: watch 0.6730.

Pivot:

0.6680

Our preference:

Long positions above 0.6680 with targets at 0.6715 & 0.6730 in extension.

Alternative scenario:

Below 0.6680 look for further downside with 0.6665 & 0.6650 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: continuation of the rebound.

Pivot:

1983.00

Our preference:

Long positions above 1983.00 with targets at 1998.00 & 2004.00 in extension.

Alternative scenario:

Below 1983.00 look for further downside with 1977.00 & 1972.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (M3)‎ Intraday: bullish bias above 77.90.

Pivot:

77.90

Our preference:

Long positions above 77.90 with targets at 79.30 & 79.90 in extension.

Alternative scenario:

Below 77.90 look for further downside with 77.20 & 76.70 as targets.

Comment:

The RSI is mixed with a bullish bias.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.1020

Our preference:

Long positions above 1.1020 with targets at 1.1075 & 1.1100 in extension.

Alternative scenario:

Below 1.1020 look for further downside with 1.1000 & 1.0980 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

GBP/USD Intraday: further upside.

Pivot:

1.2460

Our preference:

Long positions above 1.2460 with targets at 1.2520 & 1.2540 in extension.

Alternative scenario:

Below 1.2460 look for further downside with 1.2440 & 1.2420 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

USD/JPY Intraday: expect 133.55.

Pivot:

134.45

Our preference:

Short positions below 134.45 with targets at 133.80 & 133.55 in extension.

Alternative scenario:

Above 134.45 look for further upside with 134.60 & 134.75 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

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