Cryptocurrencies and forex analysis 12/28/2018



<br /> Market Brief<br />



Friday, December 28, 2018

EUR/USD Intraday: towards 1.1500.
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Pivot: 1.1425

Our preference: long positions above 1.1425 with targets at 1.1475 & 1.1500 in extension.

Alternative scenario: below 1.1425 look for further downside with 1.1405 & 1.1385 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: intraday support around 1.2640.
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Pivot: 1.2640

Our preference: long positions above 1.2640 with targets at 1.2675 & 1.2700 in extension.

Alternative scenario: below 1.2640 look for further downside with 1.2620 & 1.2605 as targets.

Comment: the break above 1.2640 is a positive signal that has opened a path to 1.2675.

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: 1274.00

Our preference: long positions above 1274.00 with targets at 1285.50 & 1291.00 in extension.

Alternative scenario: below 1274.00 look for further downside with 1270.00 & 1266.50 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) (G19) Intraday: bullish bias above 45.05.
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Pivot: 45.05

Our preference: long @ 45.58 with targets @ 46.40 & 47.00 in extension.

Alternative scenario: below 45.05 look for further downside with 44.40 & 43.50 as targets.

Comment: 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: rebound towards 3841
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Our pivot point stands at 3489.

Our preference: rebound towards 3841.

Alternative scenario: below 3489, expect 3354 and 3274.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (3596) but below its 50 MA (3677).

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 downside prevails.
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Pivot: 110.80

Our preference: short positions below 110.80 with targets at 110.25 & 110.00 in extension.

Alternative scenario: above 110.80 look for further upside with 111.10 & 111.40 as targets.

Comment: the break below 110.80 is a negative signal that has opened a path to 110.25.

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: 22690

Our preference: long positions above 22690 with targets at 23450 & 23870 in extension.

Alternative scenario: below 22690 look for further downside with 22270 & 21720 as targets.

Comment: the RSI is bullish and calls for further upside.

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: rebound expected.
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Pivot: 10370.00

Our preference: long positions above 10370.00 with targets at 10518.00 & 10563.00 in extension.

Alternative scenario: below 10370.00 look for further downside with 10270.00 & 10195.00 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.