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Thursday 25 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: under pressure.
 
Pivot:
1.2740
 
Our preference:
Short positions below 1.2740 with targets at 1.2695 & 1.2675 in extension.
 
Alternative scenario:
Above 1.2740 look for further upside with 1.2755 & 1.2775 as targets.
 
Comment:
The RSI is mixed to bearish.
 
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EUR/USD Intraday: under pressure.
 
Pivot:
1.0900
 
Our preference:
Short positions below 1.0900 with targets at 1.0865 & 1.0845 in extension.
 
Alternative scenario:
Above 1.0900 look for further upside with 1.0915 & 1.0930 as targets.
 
Comment:
The RSI shows downside momentum.
 
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USD/JPY Intraday: the upside prevails.
 
Pivot:
147.15
 
Our preference:
Long positions above 147.15 with targets at 148.25 & 148.60 in extension.
 
Alternative scenario:
Below 147.15 look for further downside with 146.90 & 146.65 as targets.
 
Comment:
The RSI advocates for further upside.
 
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AUD/USD Intraday: key resistance at 0.6590.
 
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 0.6605 & 0.6620 as targets.
 
Comment:
As long as the resistance at 0.6590 is not surpassed, the risk of the break below 0.6555 remains high.
 
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USD/CAD Intraday: the bias remains bullish.
 
Pivot:
1.3490
 
Our preference:
Long positions above 1.3490 with targets at 1.3550 & 1.3570 in extension.
 
Alternative scenario:
Below 1.3490 look for further downside with 1.3470 & 1.3450 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
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Gold Intraday: key resistance at 2025.00.
 
Pivot:
2025.00
 
Our preference:
Short positions below 2025.00 with targets at 2011.00 & 2004.00 in extension.
 
Alternative scenario:
Above 2025.00 look for further upside with 2031.00 & 2037.00 as targets.
 
Comment:
As long as the resistance at 2025.00 is not surpassed, the risk of the break below 2011.00 remains high.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (H4)‎ Intraday: further advance.
 
Pivot:
74.80
 
Our preference:
Long positions above 74.80 with targets at 76.30 & 76.70 in extension.
 
Alternative scenario:
Below 74.80 look for further downside with 74.10 & 73.60 as targets.
 
Comment:
The RSI calls for a new upleg.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (H4)‎ Intraday: key resistance at 38110.00.
 
Pivot:
38110.00
 
Our preference:
Short positions below 38110.00 with targets at 37950.00 & 37880.00 in extension.
 
Alternative scenario:
Above 38110.00 look for further upside with 38200.00 & 38280.00 as targets.
 
Comment:
As long as 38110.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Dax (Eurex)‎ Intraday: the upside prevails.
 
Pivot:
16928.00
 
Our preference:
Long positions above 16928.00 with targets at 17035.00 & 17108.00 in extension.
 
Alternative scenario:
Below 16928.00 look for further downside with 16858.00 & 16816.00 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
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Bitcoin / Dollar intraday: the upside prevails as long as 39460 is support
 
39460 is our pivot point.
 
Our preference:
The upside prevails as long as 39460 is support.
 
Alternative scenario:
The downside breakout of 39460 would call for 38770 and 38360.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 39830 and 39408).
 
Analyst Views Chart
 
TRADE NOW





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