Cryptocurrencies and forex analysis 01/04/2019



<br /> Market Brief<br />



Friday, January 4, 2019

EUR/USD Intraday: consolidation.
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Pivot: 1.1420

Our preference: short positions below 1.1420 with targets at 1.1385 & 1.1365 in extension.

Alternative scenario: above 1.1420 look for further upside with 1.1455 & 1.1470 as targets.

Comment: the RSI lacks upward 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 upside prevails.
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Pivot: 1.2610

Our preference: long positions above 1.2610 with targets at 1.2675 & 1.2720 in extension.

Alternative scenario: below 1.2610 look for further downside with 1.2580 & 1.2540 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: bullish bias above 1289.00.
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Pivot: 1289.00

Our preference: long positions above 1289.00 with targets at 1298.50 & 1303.00 in extension.

Alternative scenario: below 1289.00 look for further downside with 1284.00 & 1278.00 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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: 46.00

Our preference: long @ 47.00 with targets @ 47.80 & 48.70 in extension.

Alternative scenario: below 46.00 look for further downside with 45.35 & 44.40 as targets.

Comment: the RSI advocates 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.

Bitcoin / Dollar intraday: rebound towards 4026
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Our pivot point stands at 3685.

Our preference: rebound towards 4026.

Alternative scenario: below 3685, expect 3559 and 3483.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (3786) but under its 50 MA (3811).

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 bias remains bullish.
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Pivot: 107.35

Our preference: long positions above 107.35 with targets at 108.70 & 109.50 in extension.

Alternative scenario: below 107.35 look for further downside with 106.70 & 105.80 as targets.

Comment: the RSI is mixed to bullish.

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: the downside prevails.
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Pivot: 23030

Our preference: short positions below 23030 with targets at 22530 & 22270 in extension.

Alternative scenario: above 23030 look for further upside with 23180 & 23420 as targets.

Comment: as long as 23030 is resistance, expect a return to 22530.

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: limited upside.
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Pivot: 10448.00

Our preference: long positions above 10448.00 with targets at 10615.00 & 10655.00 in extension.

Alternative scenario: below 10448.00 look for further downside with 10375.00 & 10280.00 as targets.

Comment: the immediate trend remains up but the momentum is weak.

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.