Cryptocurrencies and forex analysis 01/30/2019



<br /> Market Brief<br />



Wednesday, January 30, 2019

EUR/USD Intraday: the bias remains bullish.
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Pivot: 1.1415

Our preference: long positions above 1.1415 with targets at 1.1450 & 1.1480 in extension.

Alternative scenario: below 1.1415 look for further downside with 1.1390 & 1.1370 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.

GBP/USD Intraday: under pressure.
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Pivot: 1.3125

Our preference: short positions below 1.3125 with targets at 1.3015 & 1.2970 in extension.

Alternative scenario: above 1.3125 look for further upside with 1.3170 & 1.3200 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: the upside prevails.
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Pivot: 1308.00

Our preference: long positions above 1308.00 with targets at 1319.00 & 1323.00 in extension.

Alternative scenario: below 1308.00 look for further downside with 1305.00 & 1302.00 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: the bias remains bullish.
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Pivot: 52.95

Our preference: long positions above 52.95 with targets at 53.95 & 54.50 in extension.

Alternative scenario: below 52.95 look for further downside with 52.65 & 52.30 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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 upside prevails as long as 3384 is support
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Our pivot point stands at 3384.

Our preference: the upside prevails as long as 3384 is support.

Alternative scenario: below 3384, expect 3345 and 3321.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 3399 and 3394).

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: 109.55

Our preference: short positions below 109.55 with targets at 109.10 & 108.90 in extension.

Alternative scenario: above 109.55 look for further upside with 109.70 & 109.95 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: supported by a rising trend line.
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Pivot: 24325

Our preference: long positions above 24325 with targets at 24860 & 25015 in extension.

Alternative scenario: below 24325 look for further downside with 24240 & 24080 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: watch 11130.00.
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Pivot: 11240.00

Our preference: short positions below 11240.00 with targets at 11130.00 & 11072.00 in extension.

Alternative scenario: above 11240.00 look for further upside with 11280.00 & 11340.00 as targets.

Comment: intraday technical indicators are 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.