Tuesday, January 31, 2023 |
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EUR/USD intraday: the upside prevails as long as 1.0845 is support
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Our pivot point is at 1.0845.
Our preference: the upside prevails as long as 1.0845 is support.
Alternative scenario: below 1.0845, expect 1.0817 and 1.0801.
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 above its 20 and 50 period moving average (respectively at 1.0844 and 1.0845).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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EUR/JPY intraday: the upside prevails as long as 140.93 is support
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Our pivot point stands at 140.93.
Our preference: the upside prevails as long as 140.93 is support.
Alternative scenario: below 140.93, expect 140.25 and 139.84.
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 above its 20 and 50 period moving average (respectively at 141.22 and 141.29).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Our pivot point stands at 1.2296.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.2296 would call for 1.2257 and 1.2234.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.2316) but under its 50 period moving average (1.2335).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Our pivot point is at 159.81.
Our preference: rebound.
Alternative scenario: the downside breakout of 159.81 would call for 159 and 158.52.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (160.39) but below its 50 period moving average (160.71).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Our pivot point stands at 129.60.
Our preference: rebound towards 131.35.
Alternative scenario: below 129.60, expect 128.95 and 128.55.
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 below its 20 and 50 period moving average (respectively at 130.22 and 130.28).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Our pivot point stands at 1.3337.
Our preference: the downside prevails as long as 1.3337 is resistance.
Alternative scenario: the upside breakout of 1.3337, would call for 1.3371 and 1.3392.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3399 and 1.3397).
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Crude Oil (WTI) (H3) Intraday: further advance.
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Pivot: 77.70
Our preference: long positions above 77.70 with targets at 79.75 & 80.50 in extension.
Alternative scenario: below 77.70 look for further downside with 76.60 & 75.60 as targets.
Comment: the next resistances are at 79.75 and then at 80.50.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Brent (ICE) (J3) Intraday: intraday support around 83.25.
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Pivot: 83.25
Our preference: long positions above 83.25 with targets at 85.50 & 86.50 in extension.
Alternative scenario: below 83.25 look for further downside with 82.50 & 81.50 as targets.
Comment: the next resistances are at 85.50 and then at 86.50.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Dow Jones (CME) (H3) Intraday: further advance.
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Pivot: 33720.00
Our preference: long positions above 33720.00 with targets at 33950.00 & 34120.00 in extension.
Alternative scenario: below 33720.00 look for further downside with 33630.00 & 33450.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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Gold Intraday: the bias remains bullish.
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Pivot: 1920.00
Our preference: long positions above 1920.00 with targets at 1935.00 & 1942.00 in extension.
Alternative scenario: below 1920.00 look for further downside with 1911.00 & 1900.00 as targets.
Comment: the RSI is bullish and calls for further upside.
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Green Lines Represent Resistances |
Red Lines Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
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