Cryptocurrencies and forex analysis 01/02/2019



<br /> Market Brief<br />



Wednesday, January 2, 2019

EUR/USD Intraday: under pressure.
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Pivot: 1.1480

Our preference: short positions below 1.1480 with targets at 1.1440 & 1.1425 in extension.

Alternative scenario: above 1.1480 look for further upside with 1.1500 & 1.1525 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: under pressure.
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Pivot: 1.2760

Our preference: short positions below 1.2760 with targets at 1.2700 & 1.2675 in extension.

Alternative scenario: above 1.2760 look for further upside with 1.2785 & 1.2815 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.

Gold spot Intraday: the upside prevails.
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Pivot: 1278.50

Our preference: long positions above 1278.50 with targets at 1290.00 & 1295.00 in extension.

Alternative scenario: below 1278.50 look for further downside with 1274.00 & 1271.00 as targets.

Comment: the RSI advocates 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.

Crude Oil (WTI) (G19) Intraday: the downside prevails.
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Pivot: 45.70

Our preference: short positions below 45.70 with targets at 44.40 & 43.80 in extension.

Alternative scenario: above 45.70 look for further upside with 46.10 & 46.50 as targets.

Comment: the RSI is bearish and calls for further decline.

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: as long as 3683 is support look for 4055
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Our pivot point stands at 3683.

Our preference: as long as 3683 is support look for 4055.

Alternative scenario: the downside breakout of 3683 would call for 3542 and 3457.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 3774 and 3728).

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: 109.50

Our preference: short positions below 109.50 with targets at 109.00 & 108.75 in extension.

Alternative scenario: above 109.50 look for further upside with 109.85 & 110.20 as targets.

Comment: the immediate trend remains down and the momentum is strong.

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: bullish bias above 22870.
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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: under pressure.
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Pivot: 10555.00

Our preference: short positions below 10555.00 with targets at 10380.00 & 10280.00 in extension.

Alternative scenario: above 10555.00 look for further upside with 10640.00 & 10740.00 as targets.

Comment: as long as the resistance at 10555.00 is not surpassed, the risk of the break below 10380.00 remains high.

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.