Cryptocurrencies and forex analysis 01/15/2019



<br /> Market Brief<br />



Tuesday, January 15, 2019

EUR/USD Intraday: under pressure.
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Pivot: 1.1490

Our preference: short positions below 1.1490 with targets at 1.1435 & 1.1410 in extension.

Alternative scenario: above 1.1490 look for further upside with 1.1515 & 1.1540 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.

GBP/USD Intraday: under pressure.
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Pivot: 1.2915

Our preference: short positions below 1.2915 with targets at 1.2850 & 1.2815 in extension.

Alternative scenario: above 1.2915 look for further upside with 1.2930 & 1.2955 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: under pressure.
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Pivot: 1291.50

Our preference: short positions below 1291.50 with targets at 1286.00 & 1284.00 in extension.

Alternative scenario: above 1291.50 look for further upside with 1293.50 & 1295.50 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.

Crude Oil (WTI) (G19) Intraday: watch 50.15.
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Pivot: 51.40

Our preference: short positions below 51.40 with targets at 50.60 & 50.15 in extension.

Alternative scenario: above 51.40 look for further upside with 52.10 & 52.60 as targets.

Comment: a break below 50.60 would trigger a drop towards 50.15.

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 3586 is support look for 3837
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Our pivot point stands at 3586.

Our preference: as long as 3586 is support look for 3837.

Alternative scenario: the downside breakout of 3586 would call for 3491 and 3435.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (3668) but above its 50 MA (3614).

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: 108.35

Our preference: long positions above 108.35 with targets at 109.00 & 109.30 in extension.

Alternative scenario: below 108.35 look for further downside with 108.10 & 107.95 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: consolidation in place.
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Pivot: 24230

Our preference: short positions below 24230 with targets at 23685 & 23370 in extension.

Alternative scenario: above 24230 look for further upside with 24530 & 24800 as targets.

Comment: the RSI advocates 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.

Dax Intraday: consolidation in place.
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Pivot: 11000.00

Our preference: short positions below 11000.00 with targets at 10850.00 & 10785.00 in extension.

Alternative scenario: above 11000.00 look for further upside with 11055.00 & 11100.00 as targets.

Comment: as long as 11000.00 is resistance, look for choppy price action with a bearish bias.

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.