Cryptocurrencies and forex analysis 01/28/2019



<br /> Market Brief<br />



Monday, January 28, 2019

EUR/USD Intraday: turning down.
Next Prev arrow
Pivot: 1.1425

Our preference: short positions below 1.1425 with targets at 1.1370 & 1.1350 in extension.

Alternative scenario: above 1.1425 look for further upside with 1.1435 & 1.1455 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: the bias remains bullish.
Previous Prev arrow
Next Prev arrow
Pivot: 1.3150

Our preference: long positions above 1.3150 with targets at 1.3220 & 1.3260 in extension.

Alternative scenario: below 1.3150 look for further downside with 1.3115 & 1.3080 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.
Previous Prev arrow
Next Prev arrow
Pivot: 1296.50

Our preference: long positions above 1296.50 with targets at 1307.00 & 1309.00 in extension.

Alternative scenario: below 1296.50 look for further downside with 1293.50 & 1290.50 as targets.

Comment: the RSI calls for a new upleg.

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: under pressure.
Previous Prev arrow
Next Prev arrow
Pivot: 53.40

Our preference: short positions below 53.40 with targets at 52.45 & 52.10 in extension.

Alternative scenario: above 53.40 look for further upside with 53.70 & 53.95 as targets.

Comment: the RSI has broken down its 30 level.

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 RSI is oversold
Previous Prev arrow
Next Prev arrow
Our pivot point stands at 3480.

Our preference: the downside prevails as long as 3480 is resistance.

Alternative scenario: above 3480, look for 3518 and 3540.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3510 and 3533). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (3433).

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.
Previous Prev arrow
Next Prev arrow
Pivot: 109.55

Our preference: short positions below 109.55 with targets at 109.25 & 109.10 in extension.

Alternative scenario: above 109.55 look for further upside with 109.70 & 109.95 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: the bias remains bullish.
Previous Prev arrow
Next Prev arrow
Pivot: 24550

Our preference: long positions above 24550 with targets at 24860 & 25015 in extension.

Alternative scenario: below 24550 look for further downside with 24415 & 24300 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.
Previous Prev arrow
Top Prev arrow
Pivot: 11310.00

Our preference: short positions below 11310.00 with targets at 11200.00 & 11150.00 in extension.

Alternative scenario: above 11310.00 look for further upside with 11360.00 & 11390.00 as targets.

Comment: the RSI is mixed.

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.