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Tuesday 23 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: further upside.
 
Pivot:
1.2695
 
Our preference:
Long positions above 1.2695 with targets at 1.2760 & 1.2775 in extension.
 
Alternative scenario:
Below 1.2695 look for further downside with 1.2680 & 1.2665 as targets.
 
Comment:
The RSI shows upside momentum.
 
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EUR/USD Intraday: further advance.
 
Pivot:
1.0875
 
Our preference:
Long positions above 1.0875 with targets at 1.0925 & 1.0940 in extension.
 
Alternative scenario:
Below 1.0875 look for further downside with 1.0860 & 1.0845 as targets.
 
Comment:
The RSI shows upside momentum.
 
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USD/JPY Intraday: under pressure.
 
Pivot:
147.75
 
Our preference:
Short positions below 147.75 with targets at 146.80 & 146.25 in extension.
 
Alternative scenario:
Above 147.75 look for further upside with 148.30 & 148.55 as targets.
 
Comment:
The RSI shows downside momentum.
 
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AUD/USD Intraday: the upside prevails.
 
Pivot:
0.6565
 
Our preference:
Long positions above 0.6565 with targets at 0.6630 & 0.6645 in extension.
 
Alternative scenario:
Below 0.6565 look for further downside with 0.6545 & 0.6525 as targets.
 
Comment:
The RSI shows upside momentum.
 
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USD/CAD Intraday: under pressure.
 
Pivot:
1.3485
 
Our preference:
Short positions below 1.3485 with targets at 1.3430 & 1.3410 in extension.
 
Alternative scenario:
Above 1.3485 look for further upside with 1.3500 & 1.3520 as targets.
 
Comment:
The RSI shows downside momentum.
 
Analyst Views Chart
 
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Gold Intraday: expect 2039.00.
 
Pivot:
2023.00
 
Our preference:
Long positions above 2023.00 with targets at 2039.00 & 2046.00 in extension.
 
Alternative scenario:
Below 2023.00 look for further downside with 2017.00 & 2012.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
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Crude Oil (WTI)‎ (H4)‎ Intraday: intraday support around 74.30.
 
Pivot:
74.30
 
Our preference:
Long positions above 74.30 with targets at 75.30 & 75.80 in extension.
 
Alternative scenario:
Below 74.30 look for further downside with 73.75 & 73.10 as targets.
 
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (H4)‎ Intraday: intraday support around 38030.00.
 
Pivot:
38030.00
 
Our preference:
Long positions above 38030.00 with targets at 38310.00 & 38430.00 in extension.
 
Alternative scenario:
Below 38030.00 look for further downside with 37880.00 & 37670.00 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
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Dax (Eurex)‎ Intraday: bullish bias above 16640.00.
 
Pivot:
16640.00
 
Our preference:
Long positions above 16640.00 with targets at 16890.00 & 16975.00 in extension.
 
Alternative scenario:
Below 16640.00 look for further downside with 16540.00 & 16470.00 as targets.
 
Comment:
The RSI lacks momentum.
 
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Bitcoin / Dollar intraday: rebound towards 41310
 
Our pivot point is at 39480.
 
Our preference:
Rebound towards 41310.
 
Alternative scenario:
Below 39480, expect 38790 and 38380.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (39908) but below its 50 period moving average (40382).
 
Analyst Views Chart
 
TRADE NOW



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