ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 15 May 2023

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Publish date: Mon, 15 May 2023, 10:41 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: 0.6620 in sight.

Pivot:

0.6680

Our preference:

Short positions below 0.6680 with targets at 0.6620 & 0.6595 in extension.

Alternative scenario:

Above 0.6680 look for further upside with 0.6705 & 0.6735 as targets.

Comment:

A break below 0.6620 would trigger a drop towards 0.6595.

Analyst Views Chart

Gold Intraday: under pressure.

Pivot:

2022.00

Our preference:

Short positions below 2022.00 with targets at 2001.00 & 1994.00 in extension.

Alternative scenario:

Above 2022.00 look for further upside with 2027.00 & 2032.00 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

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

Pivot:

70.85

Our preference:

Short positions below 70.85 with targets at 69.70 & 69.00 in extension.

Alternative scenario:

Above 70.85 look for further upside with 71.70 & 72.45 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0900

Our preference:

Short positions below 1.0900 with targets at 1.0820 & 1.0790 in extension.

Alternative scenario:

Above 1.0900 look for further upside with 1.0935 & 1.0970 as targets.

Comment:

The RSI has broken down its 30 level.

Analyst Views Chart

GBP/USD Intraday: watch 1.2410.

Pivot:

1.2500

Our preference:

Short positions below 1.2500 with targets at 1.2410 & 1.2375 in extension.

Alternative scenario:

Above 1.2500 look for further upside with 1.2540 & 1.2585 as targets.

Comment:

The break below 1.2500 is a negative signal that has opened a path to 1.2410.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

135.20

Our preference:

Long positions above 135.20 with targets at 136.15 & 136.60 in extension.

Alternative scenario:

Below 135.20 look for further downside with 134.70 & 134.20 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

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