ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 8 May 2023

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Publish date: Mon, 08 May 2023, 11:08 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: further advance.

Pivot:

0.6725

Our preference:

Long positions above 0.6725 with targets at 0.6780 & 0.6800 in extension.

Alternative scenario:

Below 0.6725 look for further downside with 0.6710 & 0.6690 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Gold Intraday: key resistance at 2030.00.

Pivot:

2030.00

Our preference:

Short positions below 2030.00 with targets at 2008.00 & 1999.00 in extension.

Alternative scenario:

Above 2030.00 look for further upside with 2044.00 & 2059.00 as targets.

Comment:

As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2008.00 remains high.

Analyst Views Chart

Crude Oil (WTI)‎ (M3)‎ Intraday: further advance.

Pivot:

70.00

Our preference:

Long positions above 70.00 with targets at 72.40 & 73.90 in extension.

Alternative scenario:

Below 70.00 look for further downside with 69.20 & 68.30 as targets.

Comment:

The next resistances are at 72.40 and then at 73.90.

Analyst Views Chart

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.0995

Our preference:

Long positions above 1.0995 with targets at 1.1035 & 1.1050 in extension.

Alternative scenario:

Below 1.0995 look for further downside with 1.0980 & 1.0965 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2590

Our preference:

Long positions above 1.2590 with targets at 1.2650 & 1.2680 in extension.

Alternative scenario:

Below 1.2590 look for further downside with 1.2560 & 1.2530 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: continuation of the rebound.

Pivot:

134.50

Our preference:

Long positions above 134.50 with targets at 135.60 & 136.00 in extension.

Alternative scenario:

Below 134.50 look for further downside with 134.20 & 133.85 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

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