ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 30 May 2023

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Publish date: Tue, 30 May 2023, 10:51 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: consolidation.

Pivot:

0.6550

Our preference:

Short positions below 0.6550 with targets at 0.6525 & 0.6510 in extension.

Alternative scenario:

Above 0.6550 look for further upside with 0.6565 & 0.6580 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1951.00

Our preference:

Short positions below 1951.00 with targets at 1937.00 & 1931.00 in extension.

Alternative scenario:

Above 1951.00 look for further upside with 1957.00 & 1964.00 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

Crude Oil (WTI)‎ (N3)‎ Intraday: intraday support around 72.45.

Pivot:

72.45

Our preference:

Long positions above 72.45 with targets at 73.50 & 74.00 in extension.

Alternative scenario:

Below 72.45 look for further downside with 72.00 & 71.50 as targets.

Comment:

The next resistances are at 73.50 and then at 74.00.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0730

Our preference:

Short positions below 1.0730 with targets at 1.0690 & 1.0675 in extension.

Alternative scenario:

Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

GBP/USD Intraday: key resistance at 1.2375.

Pivot:

1.2375

Our preference:

Short positions below 1.2375 with targets at 1.2335 & 1.2320 in extension.

Alternative scenario:

Above 1.2375 look for further upside with 1.2390 & 1.2410 as targets.

Comment:

As long as 1.2375 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

USD/JPY Intraday: bullish bias above 140.10.

Pivot:

140.10

Our preference:

Long positions above 140.10 with targets at 140.65 & 140.90 in extension.

Alternative scenario:

Below 140.10 look for further downside with 139.80 & 139.50 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

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