Cryptocurrencies and forex analysis 01/07/2019



<br /> Market Brief<br />



Monday, January 7, 2019

EUR/USD Intraday: the bias remains bullish.
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Pivot: 1.1390

Our preference: long positions above 1.1390 with targets at 1.1455 & 1.1495 in extension.

Alternative scenario: below 1.1390 look for further downside with 1.1360 & 1.1345 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.

GBP/USD Intraday: the upside prevails.
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Pivot: 1.2695

Our preference: long positions above 1.2695 with targets at 1.2765 & 1.2815 in extension.

Alternative scenario: below 1.2695 look for further downside with 1.2645 & 1.2615 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: 1286.50

Our preference: long positions above 1286.50 with targets at 1293.50 & 1298.50 in extension.

Alternative scenario: below 1286.50 look for further downside with 1281.50 & 1276.00 as targets.

Comment: the RSI calls for a bounce.

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 upside prevails.
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Pivot: 48.10

Our preference: long positions above 48.10 with targets at 49.70 & 50.25 in extension.

Alternative scenario: below 48.10 look for further downside with 47.45 & 46.50 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: as long as 3922 is support look for 4289
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Our pivot point is at 3922.

Our preference: as long as 3922 is support look for 4289.

Alternative scenario: the downside breakout of 3922 would call for 3784 and 3702.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (4037) but above its 50 MA (3913).

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: 108.60

Our preference: short positions below 108.60 with targets at 107.90 & 107.45 in extension.

Alternative scenario: above 108.60 look for further upside with 109.15 & 109.50 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: 23030

Our preference: long positions above 23030 with targets at 23560 & 24090 in extension.

Alternative scenario: below 23030 look for further downside with 22630 & 22270 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: the upside prevails.
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Pivot: 10700.00

Our preference: long positions above 10700.00 with targets at 10830.00 & 10900.00 in extension.

Alternative scenario: below 10700.00 look for further downside with 10616.00 & 10553.00 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

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.