Rhaw Nation Blog

 DAILY TECHNICAL ANALYSIS

USD/CAD intraday : rebound towards 1.4055   Our pivot point is at 1.3999.   Our preference: Rebound towards 1.4055   Alternative scenario: Below 1.3999, expect 1.3980 and 1.3969.   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 1.4019 and 1.4027).     Trade

Dow Jones (CME)‎ (Z5)‎ Intraday: target 47700.   Pivot: 47290   Our preference: Long positions above 47290 with targets at 47700 & 47860 in extension.   Alternative scenario: Below 47290 look for further downside with 47030 & 46900 as targets.   Comment: The break above 47290 is a positive signal that has opened a path to 47700.     Trade

Crude Oil (WTI)‎ (Z5)‎ Intraday: turning up.   Pivot: 59.80   Our preference: Long positions above 59.80 with targets at 60.45 & 60.80 in extension.   Alternative scenario: Below 59.80 look for further downside with 59.30 & 58.80 as targets.   Comment: The break above 59.80 is a positive signal that has opened a path to 60.45.     Trade

Binance Coin / Dollar intraday: the downside prevails as long as 1012.7 is resistance   Our pivot point is at 1012.7.   Our preference: The downside prevails as long as 1012.7 is resistance.   Alternative scenario: The upside breakout of 1012.7, would call for 1040.3 and 1056.8.   Comment: The RSI is below its neutrality area at 50. 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 998.2 and 995.1).     Trade

Amazon.com intraday : the upside prevails as long as 245.50 is support   Our pivot point is at 245.50.   Our preference: The upside prevails as long as 245.50 is support   Alternative scenario: Below 245.50, expect 242.44 and 240.62.   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 245.94 and 245.65).     Trade