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Monday 15 January 2024

Daily Technical Trading Strategies

GBP/USD   EUR/USD   USD/JPY   AUD/USD   USD/CAD   Gold   Crude Oil (WTI)   Dow Jones (CME)   Dax (Eurex)   Bitcoin / USD  
 
 
 
GBP/USD Intraday: caution.
 
Pivot:
1.2765
 
Our preference:
Short positions below 1.2765 with targets at 1.2720 & 1.2700 in extension.
 
Alternative scenario:
Above 1.2765 look for further upside with 1.2785 & 1.2800 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
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EUR/USD Intraday: caution.
 
Pivot:
1.0970
 
Our preference:
Short positions below 1.0970 with targets at 1.0940 & 1.0930 in extension.
 
Alternative scenario:
Above 1.0970 look for further upside with 1.0985 & 1.1000 as targets.
 
Comment:
Intraday technical indicators are mixed and call for caution.
 
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USD/JPY Intraday: the upside prevails.
 
Pivot:
144.75
 
Our preference:
Long positions above 144.75 with targets at 145.55 & 145.85 in extension.
 
Alternative scenario:
Below 144.75 look for further downside with 144.35 & 144.10 as targets.
 
Comment:
The RSI shows upside momentum.
 
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AUD/USD Intraday: under pressure.
 
Pivot:
0.6710
 
Our preference:
Short positions below 0.6710 with targets at 0.6675 & 0.6660 in extension.
 
Alternative scenario:
Above 0.6710 look for further upside with 0.6725 & 0.6740 as targets.
 
Comment:
The RSI shows downside momentum.
 
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USD/CAD Intraday: the upside prevails.
 
Pivot:
1.3375
 
Our preference:
Long positions above 1.3375 with targets at 1.3415 & 1.3430 in extension.
 
Alternative scenario:
Below 1.3375 look for further downside with 1.3360 & 1.3340 as targets.
 
Comment:
The RSI is mixed to bullish.
 
Analyst Views Chart
 
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Gold Intraday: bullish bias above 2045.00.
 
Pivot:
2045.00
 
Our preference:
Long positions above 2045.00 with targets at 2062.00 & 2070.00 in extension.
 
Alternative scenario:
Below 2045.00 look for further downside with 2037.00 & 2030.00 as targets.
 
Comment:
The RSI calls for a bounce.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 73.20.
 
Pivot:
73.20
 
Our preference:
Short positions below 73.20 with targets at 71.95 & 71.00 in extension.
 
Alternative scenario:
Above 73.20 look for further upside with 74.10 & 75.05 as targets.
 
Comment:
As long as 73.20 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (H4)‎ Intraday: intraday support around 37630.00.
 
Pivot:
37630.00
 
Our preference:
Long positions above 37630.00 with targets at 37920.00 & 38040.00 in extension.
 
Alternative scenario:
Below 37630.00 look for further downside with 37520.00 & 37390.00 as targets.
 
Comment:
A support base at 37630.00 has formed and has allowed for a temporary stabilisation.
 
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Dax (Eurex)‎ Intraday: limited upside.
 
Pivot:
16791.00
 
Our preference:
Long positions above 16791.00 with targets at 16975.00 & 17040.00 in extension.
 
Alternative scenario:
Below 16791.00 look for further downside with 16730.00 & 16663.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
Analyst Views Chart
 
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Bitcoin / Dollar intraday: our next up target stands at 43970
 
Our pivot point stands at 42100.
 
Our preference:
Our next up target stands at 43970.
 
Alternative scenario:
The downside breakout of 42100 would call for 41370 and 40940.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 42367 and 42672).
 
Analyst Views Chart
 
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