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Market Review & Forecast Monday, April 8, 2019

AETOS Capital Group

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EUR/USD ST: watch 1.1000.

Pivot: 1.1335

Our preference: Our preference: short positions below 1.1335 with targets at 1.1170 & 1.1000 in extension.

Alternative scenario: Alternative scenario: above 1.1335 look for further upside with 1.1425 & 1.1550 as targets.

Comment: Comment: a break below 1.1170 would trigger a drop towards 1.1000.


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GBP/USD ST: the downside prevails.

Pivot: 1.3220

Our preference: Our preference: short positions below 1.3220 with targets at 1.2950 & 1.2770 in extension.

Alternative scenario: Alternative scenario: above 1.3220 look for further upside with 1.3380 & 1.3560 as targets.

Comment: Comment: a break below 1.2950 would trigger a drop towards 1.2770.


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USD/JPY ST: caution.

Pivot: 112.0000

Our preference: Our preference: short positions below 112.00 with targets at 110.50 & 109.65 in extension.

Alternative scenario: Alternative scenario: above 112.00 look for further upside with 112.90 & 114.05 as targets.

Comment: Comment: the upward potential is likely to be limited by the resistance at 112.00.

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AUD/USD ST: under pressure.

Pivot: 0.7205

Our preference: Our preference: short positions below 0.7205 with targets at 0.7000 & 0.6870 in extension.

Alternative scenario: Alternative scenario: above 0.7205 look for further upside with 0.7285 & 0.7390 as targets.

Comment: Comment: as long as the resistance at 0.7205 is not surpassed, the risk of the break below 0.7000 remains high.

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USD/CAD ST: the upside prevails.
Pivot: 1.3250

Our preference: Our preference: long positions above 1.3250 with targets at 1.3465 & 1.3555 in extension.

Alternative scenario: Alternative scenario: below 1.3250 look for further downside with 1.3120 & 1.2910 as targets.

Comment: Comment: a support base at 1.3250 has formed and has allowed for a temporary stabilisation.

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Gold spot ST: 1250.00 expected.

Pivot: 1322.0000

Our preference: Our preference: short positions below 1322.00 with targets at 1276.00 & 1250.00 in extension.

Alternative scenario: Alternative scenario: above 1322.00 look for further upside with 1347.00 & 1365.00 as targets.

Comment: Comment: the RSI lacks upward momentum.

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Brent (ICE) (M19) ST: supported by a rising trend line.

Pivot: 64.0000

Our preference: Our preference: long positions above 64.00 with targets at 75.10 & 77.50 in extension.

Alternative scenario: Alternative scenario: below 64.00 look for further downside with 58.90 & 55.30 as targets.

Comment: Comment: the RSI is bullish and calls for further upside.


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AETOS Capital Group Review

Source: https://www.aetoscg.com
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