Tuesday, January 29, 2019
EUR/USD Intraday: the bias remains bullish.
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Pivot: 1.1415
Most Likely Scenario: long @ 1.1432 with targets @ 1.1445 & 1.1460 in extension.
Alternative scenario: below 1.1415 look for further downside with 1.1405 & 1.1390 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: under pressure.
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Pivot: 1.3185
Most Likely Scenario: short positions below 1.3185 with targets at 1.3135 & 1.3090 in extension.
Alternative scenario: above 1.3185 look for further upside with 1.3220 & 1.3260 as targets.
Comment: the RSI is mixed to bearish.
USD/JPY Intraday: under pressure.
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Pivot: 109.40
Most Likely Scenario: short positions below 109.40 with targets at 109.10 & 108.90 in extension.
Alternative scenario: above 109.40 look for further upside with 109.55 & 109.70 as targets.
Comment: the RSI lacks upward momentum.
AUD/USD Intraday: consolidation.
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Pivot: 0.7175
Most Likely Scenario: short positions below 0.7175 with targets at 0.7140 & 0.7120 in extension.
Alternative scenario: above 0.7175 look for further upside with 0.7200 & 0.7220 as targets.
Comment: the RSI is mixed to bearish.
Gold spot Intraday: further advance.
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Pivot: 1299.50
Most Likely Scenario: long positions above 1299.50 with targets at 1309.50 & 1314.00 in extension.
Alternative scenario: below 1299.50 look for further downside with 1297.50 & 1293.50 as targets.
Comment: the RSI is mixed to bullish.
Crude Oil (WTI) (H19) Intraday: key resistance at 52.60.
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Pivot: 52.60
Most Likely Scenario: short positions below 52.60 with targets at 51.65 & 51.30 in extension.
Alternative scenario: above 52.60 look for further upside with 52.85 & 53.10 as targets.
Comment: the RSI is mixed to bearish. The prices are trading around 20-period moving average.