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Your Daily Technical Analysis Newsletter
December 30, 2024
 
   
 
GBP/USD   EUR/USD   Dow Jones (CME)   Gold   Dax (Eurex)   Brent (ICE)   Crude Oil (WTI)   Nasdaq 100 (CME)   Apple   Tesla  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
 
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Weekly Fx Gold BTC
 
Let's have a look at the fundamental and technical weekly analysis of EUR/USD, gold and bitcoin.
 
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GBP/USD Intraday: further advance.
 
Pivot:
1.2570
 
Our preference:
Long positions above 1.2570 with targets at 1.2610 & 1.2630 in extension.
 
Alternative scenario:
Below 1.2570 look for further downside with 1.2550 & 1.2530 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
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EUR/USD Intraday: further upside.
 
Pivot:
1.0425
 
Our preference:
Long positions above 1.0425 with targets at 1.0455 & 1.0470 in extension.
 
Alternative scenario:
Below 1.0425 look for further downside with 1.0405 & 1.0390 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
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Dow Jones (CME)‎ (H5)‎ Intraday: key resistance at 43730.00.
 
Pivot:
43730.00
 
Our preference:
Short positions below 43730.00 with targets at 42940.00 & 42480.00 in extension.
 
Alternative scenario:
Above 43730.00 look for further upside with 44190.00 & 44480.00 as targets.
 
Comment:
As long as 43730.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Gold Intraday: the downside prevails.
 
Pivot:
2621.00
 
Our preference:
Short positions below 2621.00 with targets at 2600.00 & 2591.00 in extension.
 
Alternative scenario:
Above 2621.00 look for further upside with 2629.00 & 2637.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
Analyst Views Chart
 
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Dax (Eurex)‎ (H5)‎ Intraday: key resistance at 20295.00.
 
Pivot:
20295.00
 
Our preference:
Short positions below 20295.00 with targets at 19960.00 & 19850.00 in extension.
 
Alternative scenario:
Above 20295.00 look for further upside with 20405.00 & 20510.00 as targets.
 
Comment:
The RSI lacks momentum.
 
Analyst Views Chart
 
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Brent (ICE)‎ (H5)‎ Intraday: intraday support around 73.25.
 
Pivot:
73.25
 
Our preference:
Long positions above 73.25 with targets at 74.20 & 74.50 in extension.
 
Alternative scenario:
Below 73.25 look for further downside with 72.95 & 72.55 as targets.
 
Comment:
The RSI lacks downward momentum.
 
Analyst Views Chart
 
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Crude Oil (WTI)‎ (G5)‎ Intraday: intraday support around 70.05.
 
Pivot:
70.05
 
Our preference:
Long positions above 70.05 with targets at 71.00 & 71.50 in extension.
 
Alternative scenario:
Below 70.05 look for further downside with 69.70 & 69.30 as targets.
 
Comment:
The RSI lacks downward momentum.
 
Analyst Views Chart
 
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Nasdaq 100 (CME)‎ (H5)‎ Intraday: under pressure.
 
Pivot:
21870.00
 
Our preference:
Short positions below 21870.00 with targets at 21480.00 & 21300.00 in extension.
 
Alternative scenario:
Above 21870.00 look for further upside with 22110.00 & 22250.00 as targets.
 
Comment:
As long as 21870.00 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
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Apple Intraday: the bias remains bullish.
 
Pivot:
252.00
 
Our preference:
Long positions above 252.00 with targets at 260.00 & 264.00 in extension.
 
Alternative scenario:
Below 252.00 look for further downside with 246.50 & 242.00 as targets.
 
Comment:
The RSI calls for a rebound.
 
Analyst Views Chart
 
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Tesla Intraday: the downside prevails.
 
Pivot:
450.80
 
Our preference:
Short positions below 450.80 with targets at 414.50 & 398.00 in extension.
 
Alternative scenario:
Above 450.80 look for further upside with 465.30 & 485.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
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