Cryptocurrencies and forex analysis 01/25/2019



<br /> Market Brief<br />



Friday, January 25, 2019

EUR/USD Intraday: key resistance at 1.1335.
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Pivot: 1.1335

Our preference: short positions below 1.1335 with targets at 1.1305 & 1.1290 in extension.

Alternative scenario: above 1.1335 look for further upside with 1.1355 & 1.1380 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.

GBP/USD Intraday: under pressure.
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Pivot: 1.3140

Our preference: short positions below 1.3140 with targets at 1.3055 & 1.3010 in extension.

Alternative scenario: above 1.3140 look for further upside with 1.3190 & 1.3215 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: further advance.
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Pivot: 1280.00

Our preference: long positions above 1280.00 with targets at 1289.00 & 1292.50 in extension.

Alternative scenario: below 1280.00 look for further downside with 1276.50 & 1274.00 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) (H19) Intraday: the upside prevails.
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Pivot: 53.05

Our preference: long positions above 53.05 with targets at 54.50 & 54.90 in extension.

Alternative scenario: below 53.05 look for further downside with 52.50 & 51.85 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.

Bitcoin / Dollar intraday: target 3429
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3626 is our pivot point.

Our preference: target 3429.

Alternative scenario: above 3626, look for 3699 and 3742.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (3571) but above its 50 MA (3560).

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: 109.50

Our preference: long positions above 109.50 with targets at 110.00 & 110.25 in extension.

Alternative scenario: below 109.50 look for further downside with 109.40 & 109.20 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 upside.
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Pivot: 24300

Our preference: long positions above 24300 with targets at 24860 & 25110 in extension.

Alternative scenario: below 24300 look for further downside with 24020 & 23680 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: intraday support around 11170.00.
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Pivot: 11170.00

Our preference: long positions above 11170.00 with targets at 11272.00 & 11320.00 in extension.

Alternative scenario: below 11170.00 look for further downside with 11120.00 & 11060.00 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.