Cryptocurrencies and forex analysis 01/09/2019



<br /> Market Brief<br />



Wednesday, January 9, 2019

EUR/USD Intraday: the upside prevails.
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Pivot: 1.1435

Our preference: long positions above 1.1435 with targets at 1.1485 & 1.1500 in extension.

Alternative scenario: below 1.1435 look for further downside with 1.1420 & 1.1400 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: key resistance at 1.2750.
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Pivot: 1.2750

Our preference: short positions below 1.2750 with targets at 1.2695 & 1.2670 in extension.

Alternative scenario: above 1.2750 look for further upside with 1.2790 & 1.2815 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2750.

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 downside prevails.
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Pivot: 1286.00

Our preference: short positions below 1286.00 with targets at 1279.00 & 1276.00 in extension.

Alternative scenario: above 1286.00 look for further upside with 1290.00 & 1292.50 as targets.

Comment: the RSI calls for a drop.

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 advance.
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Pivot: 49.50

Our preference: long positions above 49.50 with targets at 51.25 & 52.15 in extension.

Alternative scenario: below 49.50 look for further downside with 48.90 & 48.30 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.

Bitcoin / Dollar intraday: the upside prevails as long as 3930 is support
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Our pivot point is at 3930.

Our preference: the upside prevails as long as 3930 is support.

Alternative scenario: the downside breakout of 3930 would call for 3818 and 3752.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 4008 and 4008).

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: 108.60

Our preference: long positions above 108.60 with targets at 109.10 & 109.35 in extension.

Alternative scenario: below 108.60 look for further downside with 108.40 & 108.05 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.

Dow Jones Intraday: further advance.
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Pivot: 23170

Our preference: long positions above 23170 with targets at 24080 & 24560 in extension.

Alternative scenario: below 23170 look for further downside with 22630 & 22270 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.

Dax Intraday: bullish bias above 10800.00.
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Pivot: 10800.00

Our preference: long positions above 10800.00 with targets at 10910.00 & 10980.00 in extension.

Alternative scenario: below 10800.00 look for further downside with 10747.00 & 10680.00 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.