01/25 Market report

【Dow Jones Index USA30】

From the perspective of the daily technical line, the Dow Jones Index does not have the next support to support this wave of decline. The situation of the Dow Jones Index is unoptimistic.

USA30 –D1

Resistance 1: 33800 / Resistance 2: 34161 / Resistance 3: 34659

Support 1: 33018 / Support 2: 32069 / Support 3: 29625

【XAUUSD】

The price of gold has not changed differently because of the situation in Russia and Ukraine. Gold continues to fluctuate in the high-end. From the recent gold and digital currency hedging mainstream war, digital currency went all the way down to the bottom while gold is still upwards to a new historical high. This is coupled with the recent stock market downward decline. Many investors look to gold as the most familiar safe haven commodity for many years.

From the technical line type, gold's 3 moving average show a golden cross. KD is at the bottom of the golden cross. The mutual opinions contradict each other and this shows that the recent investors for gold do not think that there is an immediate demand for hedging. With the price of gold hovering in the high end, it shows there is lesser selling power amongst the gold sellers.

XAUUSD – D1

Resistance 1: 1865.50 / Resistance 2: 1875.80

Support 1: 1832.20 / Support 2: 1814.50 / Support 3: 1789.50

【EURUSD】

The Eurozone's HIS Markit Composite PMI Index of 52.4 is lower than the market expectation of 52.6. This data is mainly affected by the PMI of the service industry which dropped from 53.1 to 51.2. It also shows that the Omicron virus is still a serious impact on the service industry in the euro area. It resulted in poor data. Even though the exchange rate of the euro itself has not changed much, it continues to be trading in a range.

EURUSD – D1

Resistance 1: 1.14500 / Resistance 2: 1.14800

Support 1: 1.13800 / Support 2: 1.13500

【BITCOIN】

The recent performance of digital currencies has disappointed miners. Bitcoin has fallen by 48% since last November. The market value has evaporated nearly $600 billion and other digital currencies have also dropped.

From the technical line, we see the lowest support of bitcoin's lower bracket is the price of $28976 per bitcoin. Although the current price is about 34880, the recent price deviation of bitcoin is not small. The opportunity to challenge this defensive point is not small. However, it still depends on whether the market will be because of there was a big decline in US stocks. Bitcoins hedging function should at least generate some buying.

BITCOIN – D1

Resistance 1: 39608 / Resistance 2: 41715 / Resistance 3: 45439

Support 1: 32965 / Support 2: 31019 / Support 3: 28976

OnePro Special Analyst

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The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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