Trade and Invest on BtcDana - A Trusted Multi-Asset Platform

DAILY MARKET NEWSLETTER 13/01/2025

2025-01-14 22:10

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (H5)‎ Intraday: further advance.

Pivot:

75.60

Our preference:

Long positions above 75.60 with targets at 77.60 & 78.60 in extension.

Alternative scenario:

Below 75.60 look for further downside with 74.65 & 74.00 as targets.

Comment:

The RSI shows upside momentum.

Gold Intraday: bullish bias above 2675.00.

Pivot:

2675.00

Our preference:

Long positions above 2675.00 with targets at 2703.00 & 2713.00 in extension.

Alternative scenario:

Below 2675.00 look for further downside with 2663.00 & 2655.00 as targets.

Comment:

The RSI lacks downward momentum.

Bitcoin / Dollar intraday: target 91610

Our pivot point stands at 96020.

Our preference:

Target 91610.

Alternative scenario:

The upside breakout of 96020, would call for 97690 and 98680.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (94729) but above its 50 period moving average (94538).

USD/JPY Intraday: bullish bias above 157.30.

Pivot:

157.30

Our preference:

Long positions above 157.30 with targets at 158.25 & 158.55 in extension.

Alternative scenario:

Below 157.30 look for further downside with 157.00 & 156.80 as targets.

Comment:

A support base at 157.30 has formed and has allowed for a temporary stabilisation.

EUR/USD Intraday: the downside prevails.

Pivot:

1.0275

Our preference:

Short positions below 1.0275 with targets at 1.0215 & 1.0200 in extension.

Alternative scenario:

Above 1.0275 look for further upside with 1.0290 & 1.0310 as targets.

Comment:

The RSI calls for a new downleg.

Binance Coin / Dollar intraday: the upside prevails as long as 684 is support

Our pivot point stands at 684.0.

Our preference:

The upside prevails as long as 684 is support.

Alternative scenario:

The downside breakout of 684 would call for 669.7 and 661.3.

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 trading above both its 20 and 50 period moving average (respectively at 694.1 and 694.6).

Solana / Dollar intraday: as long as 184.8 is support look for 198.6

Our pivot point is at 184.8.

Our preference:

As long as 184.8 is support look for 198.6.

Alternative scenario:

The downside breakout of 184.8 would call for 179.8 and 176.8.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 188.8 and 187.9).