Cryptocurrencies and forex analysis 01/10/2019



<br /> Market Brief<br />



Thursday, January 10, 2019

EUR/USD Intraday: the upside prevails.
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Pivot: 1.1530

Our preference: long positions above 1.1530 with targets at 1.1595 & 1.1620 in extension.

Alternative scenario: below 1.1530 look for further downside with 1.1505 & 1.1485 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: under pressure.
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Pivot: 1.2800

Our preference: short positions below 1.2800 with targets at 1.2730 & 1.2705 in extension.

Alternative scenario: above 1.2800 look for further upside with 1.2820 & 1.2855 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: 1291.00

Our preference: long positions above 1291.00 with targets at 1300.50 & 1304.00 in extension.

Alternative scenario: below 1291.00 look for further downside with 1287.00 & 1283.50 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: supported by a rising trend line.
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Pivot: 51.10

Our preference: long positions above 51.10 with targets at 52.55 & 53.80 in extension.

Alternative scenario: below 51.10 look for further downside with 50.20 & 49.50 as targets.

Comment: the RSI lacks downward 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.

Bitcoin / Dollar intraday: the upside prevails as long as 3935 is support
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Our pivot point stands at 3935.

Our preference: the upside prevails as long as 3935 is support.

Alternative scenario: below 3935, expect 3823 and 3756.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 4014 and 4013).

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: under pressure.
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Pivot: 108.40

Our preference: short positions below 108.40 with targets at 107.50 & 107.00 in extension.

Alternative scenario: above 108.40 look for further upside with 108.70 & 109.00 as targets.

Comment: the RSI is mixed to bearish.

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 upside.
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Pivot: 23480

Our preference: long positions above 23480 with targets at 24080 & 24560 in extension.

Alternative scenario: below 23480 look for further downside with 23170 & 22630 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: consolidation in place.
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Pivot: 10900.00

Our preference: short positions below 10900.00 with targets at 10747.00 & 10680.00 in extension.

Alternative scenario: above 10900.00 look for further upside with 10960.00 & 11030.00 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.