Cryptocurrencies and forex analysis 01/01/2019



<br /> Market Brief<br />



Monday, December 31, 2018

EUR/USD Intraday: consolidation.
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Pivot: 1.1455

Our preference: short positions below 1.1455 with targets at 1.1410 & 1.1390 in extension.

Alternative scenario: above 1.1455 look for further upside with 1.1475 & 1.1500 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.2680

Our preference: long positions above 1.2680 with targets at 1.2755 & 1.2800 in extension.

Alternative scenario: below 1.2680 look for further downside with 1.2650 & 1.2630 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

Gold spot Intraday: the upside prevails.
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Pivot: 1277.00

Our preference: long positions above 1277.00 with targets at 1284.00 & 1288.50 in extension.

Alternative scenario: below 1277.00 look for further downside with 1274.00 & 1271.00 as targets.

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

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

Crude Oil (WTI) (G19) Intraday: further upside.
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Pivot: 45.35

Our preference: long positions above 45.35 with targets at 47.00 & 47.50 in extension.

Alternative scenario: below 45.35 look for further downside with 44.90 & 44.40 as targets.

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

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

Bitcoin / Dollar intraday: eye 3512
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Our pivot point stands at 3909.

Our preference: eye 3512.

Alternative scenario: the upside breakout of 3909, would call for 4062 and 4152.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 MA (3805) but above its 50 MA (3770).

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

USD/JPY Intraday: the downside prevails.
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Pivot: 110.40

Our preference: short positions below 110.40 with targets at 109.95 & 109.65 in extension.

Alternative scenario: above 110.40 look for further upside with 110.55 & 110.80 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

Dow Jones Intraday: further advance.
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Pivot: 22870

Our preference: long positions above 22870 with targets at 23500 & 24050 in extension.

Alternative scenario: below 22870 look for further downside with 22270 & 21720 as targets.

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

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.

Dax Intraday: continuation of the rebound.
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Pivot: 10430.00

Our preference: long positions above 10430.00 with targets at 10640.00 & 10740.00 in extension.

Alternative scenario: below 10430.00 look for further downside with 10270.00 & 10195.00 as targets.

Comment: the RSI is bullish and calls for further advance. MARKET CLOSED

Green Lines Represent Resistances | 
Red Lines Represent Support Levels | 
Light Blue is a Pivot Point | 
Black represents the price when the report was produced

 

TRADE NOW

* Trading is risky and your entire investment may be at risk.