ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 2 May 2023

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Publish date: Tue, 02 May 2023, 10:26 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: watch 0.6590.

Pivot:

0.6650

Our preference:

Short positions below 0.6650 with targets at 0.6605 & 0.6590 in extension.

Alternative scenario:

Above 0.6650 look for further upside with 0.6665 & 0.6680 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

Gold Intraday: 1967.00 expected.

Pivot:

1991.00

Our preference:

Short positions below 1991.00 with targets at 1973.00 & 1967.00 in extension.

Alternative scenario:

Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 75.00.

Pivot:

75.00

Our preference:

Long positions above 75.00 with targets at 76.25 & 76.90 in extension.

Alternative scenario:

Below 75.00 look for further downside with 74.55 & 73.95 as targets.

Comment:

The next resistances are at 76.25 and then at 76.90.

Analyst Views Chart

EUR/USD Intraday: towards 1.0940.

Pivot:

1.0995

Our preference:

Short positions below 1.0995 with targets at 1.0960 & 1.0940 in extension.

Alternative scenario:

Above 1.0995 look for further upside with 1.1015 & 1.1035 as targets.

Comment:

The RSI advocates for further decline.

Analyst Views Chart

GBP/USD Intraday: expect 1.2440.

Pivot:

1.2520

Our preference:

Short positions below 1.2520 with targets at 1.2460 & 1.2440 in extension.

Alternative scenario:

Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.

Comment:

The RSI is bearish and calls for further downside.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

137.00

Our preference:

Long positions above 137.00 with targets at 137.80 & 138.20 in extension.

Alternative scenario:

Below 137.00 look for further downside with 136.60 & 136.20 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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