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Tuesday 16 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: the downside prevails.
 
Pivot:
1.2715
 
Our preference:
Short positions below 1.2715 with targets at 1.2655 & 1.2635 in extension.
 
Alternative scenario:
Above 1.2715 look for further upside with 1.2735 & 1.2760 as targets.
 
Comment:
The RSI is mixed to bearish.
 
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EUR/USD Intraday: under pressure.
 
Pivot:
1.0945
 
Our preference:
Short positions below 1.0945 with targets at 1.0900 & 1.0885 in extension.
 
Alternative scenario:
Above 1.0945 look for further upside with 1.0965 & 1.0985 as targets.
 
Comment:
The RSI is mixed to bearish.
 
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USD/JPY Intraday: further advance.
 
Pivot:
145.70
 
Our preference:
Long positions above 145.70 with targets at 146.40 & 146.60 in extension.
 
Alternative scenario:
Below 145.70 look for further downside with 145.55 & 145.35 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
Analyst Views Chart
 
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AUD/USD Intraday: under pressure.
 
Pivot:
0.6645
 
Our preference:
Short positions below 0.6645 with targets at 0.6600 & 0.6575 in extension.
 
Alternative scenario:
Above 0.6645 look for further upside with 0.6660 & 0.6680 as targets.
 
Comment:
The RSI is mixed to bearish.
 
Analyst Views Chart
 
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USD/CAD Intraday: further upside.
 
Pivot:
1.3440
 
Our preference:
Long positions above 1.3440 with targets at 1.3500 & 1.3520 in extension.
 
Alternative scenario:
Below 1.3440 look for further downside with 1.3420 & 1.3400 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
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Gold Intraday: under pressure.
 
Pivot:
2056.00
 
Our preference:
Short positions below 2056.00 with targets at 2043.00 & 2037.00 in extension.
 
Alternative scenario:
Above 2056.00 look for further upside with 2062.00 & 2068.00 as targets.
 
Comment:
The RSI advocates for further decline.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (G4)‎ Intraday: intraday support around 72.10.
 
Pivot:
72.10
 
Our preference:
Long positions above 72.10 with targets at 72.95 & 73.40 in extension.
 
Alternative scenario:
Below 72.10 look for further downside with 71.40 & 71.00 as targets.
 
Comment:
Intraday technical indicators are mixed.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (H4)‎ Intraday: under pressure.
 
Pivot:
37820.00
 
Our preference:
Short positions below 37820.00 with targets at 37520.00 & 37390.00 in extension.
 
Alternative scenario:
Above 37820.00 look for further upside with 37920.00 & 38040.00 as targets.
 
Comment:
The RSI calls for a drop.
 
Analyst Views Chart
 
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Dax (Eurex)‎ Intraday: watch 16600.00.
 
Pivot:
16780.00
 
Our preference:
Short positions below 16780.00 with targets at 16600.00 & 16532.00 in extension.
 
Alternative scenario:
Above 16780.00 look for further upside with 16850.00 & 16915.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
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Bitcoin / Dollar intraday: the upside prevails as long as 42150 is support
 
Our pivot point is at 42150.
 
Our preference:
The upside prevails as long as 42150 is support.
 
Alternative scenario:
The downside breakout of 42150 would call for 41410 and 40970.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 42718 and 42660).
 
Analyst Views Chart
 
TRADE NOW




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