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Wednesday 24 January 2024

Daily Technical Trading Strategies

USD/JPY   EUR/USD   GBP/USD   AUD/USD   USD/CAD   Gold   Crude Oil (WTI)   Dow Jones (CME)   Dax (Eurex)   Bitcoin / USD  
 
 
 
USD/JPY Intraday: under pressure.
 
Pivot:
148.25
 
Our preference:
Short positions below 148.25 with targets at 147.60 & 147.30 in extension.
 
Alternative scenario:
Above 148.25 look for further upside with 148.45 & 148.70 as targets.
 
Comment:
The RSI shows downside momentum.
 
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EUR/USD Intraday: rebound.
 
Pivot:
1.0845
 
Our preference:
Long positions above 1.0845 with targets at 1.0880 & 1.0895 in extension.
 
Alternative scenario:
Below 1.0845 look for further downside with 1.0830 & 1.0820 as targets.
 
Comment:
The RSI shows upside momentum.
 
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GBP/USD Intraday: rebound.
 
Pivot:
1.2675
 
Our preference:
Long positions above 1.2675 with targets at 1.2720 & 1.2735 in extension.
 
Alternative scenario:
Below 1.2675 look for further downside with 1.2660 & 1.2645 as targets.
 
Comment:
The RSI shows upside momentum.
 
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AUD/USD Intraday: under pressure.
 
Pivot:
0.6590
 
Our preference:
Short positions below 0.6590 with targets at 0.6555 & 0.6540 in extension.
 
Alternative scenario:
Above 0.6590 look for further upside with 0.6600 & 0.6610 as targets.
 
Comment:
The RSI is mixed to bearish.
 
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USD/CAD Intraday: the upside prevails.
 
Pivot:
1.3450
 
Our preference:
Long positions above 1.3450 with targets at 1.3490 & 1.3505 in extension.
 
Alternative scenario:
Below 1.3450 look for further downside with 1.3430 & 1.3415 as targets.
 
Comment:
The RSI shows upside momentum.
 
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Gold Intraday: intraday support around 2021.00.
 
Pivot:
2021.00
 
Our preference:
Long positions above 2021.00 with targets at 2031.00 & 2035.00 in extension.
 
Alternative scenario:
Below 2021.00 look for further downside with 2017.00 & 2012.00 as targets.
 
Comment:
A support base at 2021.00 has formed and has allowed for a temporary stabilisation.
 
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Crude Oil (WTI)‎ (H4)‎ Intraday: intraday support around 73.60.
 
Pivot:
73.60
 
Our preference:
Long positions above 73.60 with targets at 75.30 & 75.80 in extension.
 
Alternative scenario:
Below 73.60 look for further downside with 73.10 & 72.55 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 
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Dow Jones (CME)‎ (H4)‎ Intraday: intraday support around 37990.00.
 
Pivot:
37990.00
 
Our preference:
Long positions above 37990.00 with targets at 38200.00 & 38280.00 in extension.
 
Alternative scenario:
Below 37990.00 look for further downside with 37880.00 & 37730.00 as targets.
 
Comment:
The next resistances are at 38200.00 and then at 38280.00.
 
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Dax (Eurex)‎ Intraday: bullish bias above 16720.00.
 
Pivot:
16720.00
 
Our preference:
Long positions above 16720.00 with targets at 16880.00 & 16970.00 in extension.
 
Alternative scenario:
Below 16720.00 look for further downside with 16660.00 & 16620.00 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
Analyst Views Chart
 
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Bitcoin / Dollar intraday: as long as 39220 is support look for 41000
 
Our pivot point stands at 39220.
 
Our preference:
As long as 39220 is support look for 41000.
 
Alternative scenario:
Below 39220, expect 38530 and 38130.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 39618 and 39391).
 
Analyst Views Chart
 
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