Cryptocurrencies and forex analysis 09/20/2018



<br /> Market Brief<br />



Thursday, September 20, 2018

EUR/USD Intraday: continuation of the rebound.
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Pivot: 1.1670

Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1745 in extension.

Alternative scenario: below 1.1670 look for further downside with 1.1650 & 1.1635 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: rebound.
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Pivot: 1.3140

Our preference: long positions above 1.3140 with targets at 1.3215 & 1.3245 in extension.

Alternative scenario: below 1.3140 look for further downside with 1.3120 & 1.3100 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.

Gold spot Intraday: bullish bias above 1201.00.
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Pivot: 1201.00

Our preference: long positions above 1201.00 with targets at 1206.50 & 1208.50 in extension.

Alternative scenario: below 1201.00 look for further downside with 1198.50 & 1196.50 as targets.

Comment: a support base at 1201.00 has formed and has allowed for a temporary stabilisation.

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) (V18) Intraday: the upside prevails.
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Pivot: 70.90

Our preference: long positions above 70.90 with targets at 72.30 & 72.85 in extension.

Alternative scenario: below 70.90 look for further downside with 70.20 & 69.70 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.

Bitcoin / Dollar intraday: as long as 6277 is support look for 6645
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Our pivot point stands at 6277.

Our preference: as long as 6277 is support look for 6645.

Alternative scenario: the downside breakout of 6277 would call for 6143 and 6064.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 6386 and 6349).

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: consolidation.
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Pivot: 112.35

Our preference: short positions below 112.35 with targets at 112.00 & 111.85 in extension.

Alternative scenario: above 112.35 look for further upside with 112.45 & 112.60 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: further upside.
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Pivot: 26315

Our preference: long positions above 26315 with targets at 26530 & 26630 in extension.

Alternative scenario: below 26315 look for further downside with 26215 & 26130 as targets.

Comment: the RSI is mixed with a bullish 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.

Dax Intraday: limited upside.
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Pivot: 12180.00

Our preference: long positions above 12180.00 with targets at 12240.00 & 12300.00 in extension.

Alternative scenario: below 12180.00 look for further downside with 12155.00 & 12120.00 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.