ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 10 May 2023

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Publish date: Wed, 10 May 2023, 02:26 PM
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ATFX Daily Market Newsletter

AUD/USD Intraday: key resistance at 0.6780.

Pivot:

0.6780

Our preference:

Short positions below 0.6780 with targets at 0.6745 & 0.6730 in extension.

Alternative scenario:

Above 0.6780 look for further upside with 0.6800 & 0.6820 as targets.

Comment:

As long as the resistance at 0.6780 is not surpassed, the risk of the break below 0.6745 remains high.

Analyst Views Chart

Gold Intraday: target 2051.00.

Pivot:

2027.00

Our preference:

Long positions above 2027.00 with targets at 2045.00 & 2051.00 in extension.

Alternative scenario:

Below 2027.00 look for further downside with 2020.00 & 2014.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 72.60.

Pivot:

72.60

Our preference:

Long positions above 72.60 with targets at 74.60 & 75.30 in extension.

Alternative scenario:

Below 72.60 look for further downside with 71.60 & 70.90 as targets.

Comment:

The next resistances are at 74.60 and then at 75.30.

Analyst Views Chart

EUR/USD Intraday: key resistance at 1.0985.

Pivot

1.0985

Our preference:

Short positions below 1.0985 with targets at 1.0940 & 1.0925 in extension.

Alternative scenario:

Above 1.0985 look for further upside with 1.1005 & 1.1025 as targets.

Comment:

As long as the resistance at 1.0985 is not surpassed, the risk of the break below 1.0940 remains high.

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot:

1.2605

Our preference:

Long positions above 1.2605 with targets at 1.2640 & 1.2655 in extension.

Alternative scenario:

Below 1.2605 look for further downside with 1.2590 & 1.2575 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

134.90

Our preference:

Long positions above 134.90 with targets at 135.35 & 135.60 in extension.

Alternative scenario:

Below 134.90 look for further downside with 134.70 & 134.50 as targets.

Comment:

The next resistances are at 135.35 and then at 135.60.

Analyst Views Chart

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