Cryptocurrencies and forex analysis 01/29/2019



<br /> Market Brief<br />



Tuesday, January 29, 2019

EUR/USD Intraday: further advance.
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Pivot: 1.1415

Our preference: long positions above 1.1415 with targets at 1.1460 & 1.1485 in extension.

Alternative scenario: below 1.1415 look for further downside with 1.1405 & 1.1390 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: 1.3185

Our preference: short positions below 1.3185 with targets at 1.3125 & 1.3090 in extension.

Alternative scenario: above 1.3185 look for further upside with 1.3220 & 1.3260 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.

Gold spot Intraday: further upside.
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Pivot: 1301.50

Our preference: long positions above 1301.50 with targets at 1309.50 & 1315.50 in extension.

Alternative scenario: below 1301.50 look for further downside with 1297.50 & 1295.00 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: under pressure.
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Pivot: 52.60

Our preference: short positions below 52.60 with targets at 51.65 & 51.30 in extension.

Alternative scenario: above 52.60 look for further upside with 52.90 & 53.35 as targets.

Comment: the RSI calls for a drop.

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: below its lower Bollinger band
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Our pivot point stands at 3424.

Our preference: the downside prevails as long as 3424 is resistance.

Alternative scenario: above 3424, look for 3464 and 3487.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3418 and 3419). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 3393).

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: 109.40

Our preference: short positions below 109.40 with targets at 109.10 & 108.90 in extension.

Alternative scenario: above 109.40 look for further upside with 109.55 & 109.70 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: under pressure.
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Pivot: 24700

Our preference: short positions below 24700 with targets at 24325 & 24240 in extension.

Alternative scenario: above 24700 look for further upside with 24860 & 25015 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.

Dax Intraday: intraday support around 11130.00.
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Pivot: 11130.00

Our preference: long positions above 11130.00 with targets at 11240.00 & 11280.00 in extension.

Alternative scenario: below 11130.00 look for further downside with 11055.00 & 11000.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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.