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: key resistance at 1.2665.   Pivot: 1.2665   Our preference: Short positions below 1.2665 with targets at 1.2610 & 1.2590 in extension.   Alternative scenario: Above 1.2665 look for further upside with 1.2700 & 1.2730 as targets.   Comment: As long as the resistance at 1.2665 is not surpassed, the risk of the break below 1.2610 remains high.     TRADE NOW

EUR/USD Intraday: key resistance at 1.0980.   Pivot: 1.0980   Our preference: Short positions below 1.0980 with targets at 1.0930 & 1.0910 in extension.   Alternative scenario: Above 1.0980 look for further upside with 1.1010 & 1.1035 as targets.   Comment: As long as the resistance at 1.0980 is not surpassed, the risk of the break below 1.0930 remains high.     TRADE NOW

USD/JPY Intraday: bullish bias above 141.65.   Pivot: 141.65   Our preference: Long positions above 141.65 with targets at 142.25 & 142.60 in extension.   Alternative scenario: Below 141.65 look for further downside with 141.30 & 141.00 as targets.   Comment: The RSI is mixed to bullish.     TRADE NOW

AUD/USD Intraday: key resistance at 0.6790.   Pivot: 0.6790   Our preference: Short positions below 0.6790 with targets at 0.6740 & 0.6720 in extension.   Alternative scenario: Above 0.6790 look for further upside with 0.6815 & 0.6840 as targets.   Comment: The RSI is mixed to bearish.     TRADE NOW

USD/CAD Intraday: the upside prevails.   Pivot: 1.3290   Our preference: Long positions above 1.3290 with targets at 1.3350 & 1.3370 in extension.   Alternative scenario: Below 1.3290 look for further downside with 1.3260 & 1.3230 as targets.   Comment: The RSI shows upside momentum.     TRADE NOW

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Gold Intraday: consolidation in place.   Pivot: 2068.00   Our preference: Short positions below 2068.00 with targets at 2056.00 & 2051.00 in extension.   Alternative scenario: Above 2068.00 look for further upside with 2074.00 & 2080.00 as targets.   Comment: As long as 2068.00 is resistance, look for choppy price action with a bearish bias.     TRADE NOW

Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 71.25.   Pivot: 71.25   Our preference: Short positions below 71.25 with targets at 69.55 & 69.00 in extension.   Alternative scenario: Above 71.25 look for further upside with 71.70 & 72.20 as targets.   Comment: As long as 71.25 is resistance, likely decline to 69.55.     TRADE NOW

Dow Jones (CME)‎ (H4)‎ Intraday: key resistance at 38110.00.   Pivot: 38110.00   Our preference: Short positions below 38110.00 with targets at 37850.00 & 37760.00 in extension.   Alternative scenario: Above 38110.00 look for further upside with 38200.00 & 38300.00 as targets.   Comment: As long as the resistance at 38110.00 is not surpassed, the risk of the break below 37850.00 remains high.     TRADE NOW

Dax (Eurex)‎ Intraday: choppy.   Pivot: 16960.00   Our preference: Short positions below 16960.00 with targets at 16800.00 & 16740.00 in extension.   Alternative scenario: Above 16960.00 look for further upside with 17044.00 & 17115.00 as targets.   Comment: As long as 16960.00 is resistance, look for choppy price action with a bearish bias.     TRADE NOW

Bitcoin / Dollar intraday: technical rebound towards 45850 before a new drop   45850 is our pivot point.   Our preference: Technical rebound towards 45850 before a new drop.   Alternative scenario: Above 45850, look for 46560 and 46970.   Comment: The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (45132) but below its 50 period moving average (45289).     TRADE NOW FOLLOW US Skype Twitter Facebook Instagram LinkedIn YouTube Pinterest       Web TV from Trading Central   WTI Crude Oil Futures: Awaiting API stockpiles   Later today, the American Petroleum Institute is expected to report the U.S. crude inventories for the week ending December 29.   WATCH NOW Disclaimer: TraderFactor may publish on its website or send market reports and market news to recipients for informational purposes. The published information is obtained from various publicly available and reliable sources. TraderFactor shall not assume any liability for the accuracy or completeness of any information in any materials published or displayed on its communication channels (web portals, emails, websites, etc.). Any Market/financial information (including any opinion), materials, and reports communicated by TraderFactor to recipients by any means on its communication channels (including without limitation the following: web portal, emails, website, etc.) does not take into consideration the recipient’s investment objectives or current financial situation and should not be considered as being investment advice and/or recommendation, and/or an offer to enter into a Contract or an offer to buy or sell or the solicitation of an offer to buy or sell any Instrument. TraderFactor shall not bear any liability for any loss, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information; All decisions and actions of any type taken by the Client shall be issued by them and by their absolute free will, and according to their personal conviction, opinion and judgement and under their own and full responsibility. Before trading with TraderFactor's regulated partnered list of brokers, Clients must know that Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. TRADING CENTRAL Terms and conditions The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of TRADING CENTRAL at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of TRADING CENTRAL. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. TRADING CENTRAL recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. TRADING CENTRAL recommends reading the "risk factors" section of the prospectus for any financial product mentioned. Head of Research at TRADING CENTRAL: Rémy GAUSSENS TRADING CENTRAL is governed by the code of conduct of the association ANACOFI-CIF, association approved by the Financial Markets Authority and registered with ORIAS under number 17005458.