ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 3 May 2023

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Publish date: Wed, 03 May 2023, 10:57 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: consolidation.

Pivot:

0.6685

Our preference:

Short positions below 0.6685 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario:

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

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Gold Intraday: the upside prevails.

Pivot:

2003.00

Our preference:

Long positions above 2003.00 with targets at 2023.00 & 2033.00 in extension.

Alternative scenario:

Below 2003.00 look for further downside with 1993.00 & 1985.00 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

Crude Oil (WTI)‎ (M3)‎ Intraday: under pressure.

Pivot:

72.80

Our preference:

Short positions below 72.80 with targets at 71.00 & 70.00 in extension.

Alternative scenario:

Above 72.80 look for further upside with 73.90 & 74.55 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

EUR/USD Intraday: further advance.

Pivot:

1.0980

Our preference:

Long positions above 1.0980 with targets at 1.1035 & 1.1055 in extension.

Alternative scenario:

Below 1.0980 look for further downside with 1.0960 & 1.0940 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

GBP/USD Intraday: towards 1.2510.

Pivot:

1.2450

Our preference:

Long positions above 1.2450 with targets at 1.2490 & 1.2510 in extension.

Alternative scenario:

Below 1.2450 look for further downside with 1.2430 & 1.2410 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: expect 135.80.

Pivot:

137.00

Our preference:

Short positions below 137.00 with targets at 136.10 & 135.80 in extension.

Alternative scenario:

Above 137.00 look for further upside with 137.40 & 137.75 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

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