Cryptocurrencies and forex analysis 01/14/2019



<br /> Market Brief<br />



Monday, January 14, 2019

EUR/USD Intraday: consolidation.
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Pivot: 1.1490

Our preference: short positions below 1.1490 with targets at 1.1450 & 1.1430 in extension.

Alternative scenario: above 1.1490 look for further upside with 1.1515 & 1.1540 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: bullish bias above 1.2815.
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Pivot: 1.2815

Our preference: long positions above 1.2815 with targets at 1.2865 & 1.2910 in extension.

Alternative scenario: below 1.2815 look for further downside with 1.2780 & 1.2735 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.

Gold spot Intraday: the upside prevails.
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Pivot: 1289.50

Our preference: long positions above 1289.50 with targets at 1296.50 & 1298.50 in extension.

Alternative scenario: below 1289.50 look for further downside with 1287.00 & 1284.00 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: under pressure.
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Pivot: 52.10

Our preference: short positions below 52.10 with targets at 50.20 & 49.50 in extension.

Alternative scenario: above 52.10 look for further upside with 52.90 & 53.35 as targets.

Comment: the RSI advocates for further decline. The prices are sliding along the lower boundary of Bollinger band.

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 3719
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Our pivot point stands at 3453.

Our preference: rebound towards 3719.

Alternative scenario: below 3453, expect 3350 and 3289.

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 stands above its 20 MA (3519) but below its 50 MA (3581).

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: break of a ST rising trendline support.
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Pivot: 108.35

Our preference: short positions below 108.35 with targets at 108.00 & 107.75 in extension.

Alternative scenario: above 108.35 look for further upside with 108.60 & 108.80 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 upside.
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Pivot: 23675

Our preference: long positions above 23675 with targets at 24080 & 24560 in extension.

Alternative scenario: below 23675 look for further downside with 23440 & 23040 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.

Dax Intraday: key resistance at 10900.00.
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Pivot: 10900.00

Our preference: short positions below 10900.00 with targets at 10784.00 & 10710.00 in extension.

Alternative scenario: above 10900.00 look for further upside with 10960.00 & 11015.00 as targets.

Comment: as long as the resistance at 10900.00 is not surpassed, the risk of the break below 10784.00 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.