DAILY MARKET NEWSLETTER 30/03/2023

2024-01-28 17:45
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Gold Intraday: expect 1950.00.
 
Pivot:
1972.00
 
Our preference:
Short positions below 1972.00 with targets at 1958.00 & 1950.00 in extension.
 
Alternative scenario:
Above 1972.00 look for further upside with 1979.00 & 1987.00 as targets.
 
Comment:
A break below 1958.00 would trigger a drop towards 1950.00.
 
Analyst Views Chart
 
 
 
 
 
Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure.
 
Pivot:
73.85
 
Our preference:
Short positions below 73.85 with targets at 72.30 & 71.50 in extension.
 
Alternative scenario:
Above 73.85 look for further upside with 74.35 & 74.85 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
 
 
 
 
EUR/USD Intraday: bullish bias above 1.0815.
 
Pivot:
1.0815
 
Our preference:
Long positions above 1.0815 with targets at 1.0870 & 1.0890 in extension.
 
Alternative scenario:
Below 1.0815 look for further downside with 1.0800 & 1.0780 as targets.
 
Comment:
The RSI calls for a bounce.
 
Analyst Views Chart
 
 
 
 
 
Bitcoin / Dollar intraday: as long as 27910 is support look for 29470
 
Our pivot point is at 27910.
 
Our preference:
As long as 27910 is support look for 29470.
 
Alternative scenario:
The downside breakout of 27910 would call for 27320 and 26960.
 
Comment:
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 28360 and 28053).
 
Analyst Views Chart
 
 
 
 
 
GBP/USD Intraday: bullish bias above 1.2280.
 
Pivot:
1.2280
 
Our preference:
Long positions above 1.2280 with targets at 1.2340 & 1.2360 in extension.
 
Alternative scenario:
Below 1.2280 look for further downside with 1.2260 & 1.2240 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
Analyst Views Chart
 
 
 
 
 
Ether / Dollar intraday: the downside prevails as long as 1819 is resistance
 
Our pivot point stands at 1819.
 
Our preference:
The downside prevails as long as 1819 is resistance.
 
Alternative scenario:
The upside breakout of 1819, would call for 1856 and 1878.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1801 and 1798).
 
Analyst Views Chart
 
 
 
 
 
Nasdaq 100 (CME)‎ (M3)‎ Intraday: the bias remains bullish.
 
Pivot:
12855.00
 
Our preference:
Long positions above 12855.00 with targets at 13030.00 & 13100.00 in extension.
 
Alternative scenario:
Below 12855.00 look for further downside with 12770.00 & 12705.00 as targets.
 
Comment:
The RSI is above its neutrality area at 50%.
 
Analyst Views Chart
 
 
 
 

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