Daily Technical Analysis – 9 January, 2019 - Daily Technical Analysis – 9 January, 2019 -

Daily Technical Analysis – 9 January, 2019

Technical Analysis
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Daily Technical Analysis

9 November,, 2018

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EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1435

Our preference: long positions above 1.1435 with targets at 1.1465 & 1.1485 in extension.

Alternative scenario: below 1.1435 look for further downside with 1.1420 & 1.1400 as targets.

Comment: the RSI is mixed to bullish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/CHF Intraday: under pressure.
Pivot: 0.9830

Our preference: short positions below 0.9830 with targets at 0.9785 & 0.9760 in extension.

Alternative scenario: above 0.9830 look for further upside with 0.9845 & 0.9875 as targets.

Comment: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: the bias remains bullish.
Pivot: 108.60

Our preference: long positions above 108.60 with targets at 109.10 & 109.35 in extension.

Alternative scenario: below 108.60 look for further downside with 108.40 & 108.05 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: under pressure.
Pivot: 1.2775

Our preference: short positions below 1.2775 with targets at 1.2695 & 1.2670 in extension.

Alternative scenario: above 1.2775 look for further upside with 1.2790 & 1.2815 as targets.

Comment: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7140

Our preference: long positions above 0.7140 with targets at 0.7175 & 0.7200 in extension.

Alternative scenario: below 0.7140 look for further downside with 0.7110 & 0.7080 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


USD/CAD Intraday: under pressure.
Pivot: 1.3270

Our preference: short positions below 1.3270 with targets at 1.3220 & 1.3195 in extension.

Alternative scenario: above 1.3270 look for further upside with 1.3310 & 1.3340 as targets.

Comment: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


Gold spot Intraday: the downside prevails.
Pivot: 1286.00

Our preference: short positions below 1286.00 with targets at 1279.00 & 1276.00 in extension.

Alternative scenario: above 1286.00 look for further upside with 1290.00 & 1292.50 as targets.

Comment: the RSI calls for a drop.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Crude Oil (WTI) (G19) Intraday: supported by a rising trend line.
Pivot: 50.20

Our preference: long positions above 50.20 with targets at 51.25 & 52.15 in extension.

Alternative scenario: below 50.20 look for further downside with 49.50 & 49.00 as targets.

Comment: the RSI is bullish and calls for further advance.

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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