BITCOIN Analysis for June 22, 2018

Bitcoin has turned table around today after certain correction and volatility above $6,500 area recently. The price is currently staying at the edge of $6,000 support area after impulsive bearish pressure pushed the price lower with ease. Though the ma…

BITCOIN Analysis for June 22, 2018

Bitcoin has turned table around today after certain correction and volatility above $6,500 area recently. The price is currently staying at the edge of $6,000 support area after impulsive bearish pressure pushed the price lower with ease. Though the ma…

Fundamental Analysis of USD/CAD for June 22, 2018

USD/CAD has been quite impulsive with the bullish gains after breaking above 1.3120 area with a daily close recently. USD has been dominating CAD for a few days since the US Fed Rate Hike to 2.00% from the previous value of 1.75%.After a series of down…

Fundamental Analysis of NZD/USD for June 22, 2018

NZD/USD has been quite bearish till yesterday before it bounced off the 0.68 support area with a daily close. NZD has been dominated by USD in several ways, but after the recent rate hike from 1.75% to 2.00%, the USD gains were quite massive.This week,…

Technical analysis of EUR/USD for June 22, 2018

Overview: This week, the EUR/USD pair fell from the level of 1.1734 to bottom at 1.1543. It rebounded from the bottom to close at the price of 1.1642. The EUR/USD pair has faced strong support at the level of 1.1543. So, the strong support has been a…

Technical analysis of USD/CHF for June 22, 2018

Overview: The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass throug…

Fundamental Analysis of AUD/USD for June 22, 2018

AUD/USD has been quite impulsive with the bullish gains today which lead the price to bounce off the 0.74 area and pushed towards 0.7500-50 area. Despite having no impactful economic reports on AUD side, the weakness of USD for the recently published w…

Review of EUR / USD pair as of June 22, 2013

I would like to say that the single European currency yesterday surprised us a little as it is valued against the background of the BoE meeting on monetary policy. The thing is that three members of the board voted for an increase in the refinancing ra…

Bitcoin analysis for June 22, 2018

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Trading recommendations: According to the H1 time – frame, I found a broken rising channel in the background, which is a sign that sellers are in control. The trend is bearish. My advice is to watch for potential selling opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at the price of $5.808 and Fibonacci expansion 100% at the price of $5.217.

Support/Resistance $6.755 – Intraday resistance; $6.100 – Intraday support; $5.808 – Objective target 1; $5.217 – Objective target 2.

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USD/JPY analysis for June 22, 2018

Recently, USD/JPY has been trading sideways at the price of 110.13. . According to the H1 time – frame, I found a broken supply trendline in the background and a potential end of the upward correction (abc), which is a sign that buying looks risky. I a…

Analysis of GBP/USD for June 22, 2018

Recently, GBP/USD has been trading upwards. The price tested the level of 1.3300. According to the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a hidden bullish di…

Global macro overview for 22/06/2018

In line with market expectations, the Swiss National Bank announced that the deposit rate would remain unchanged at -0.75%. It is worth recalling that the deposit interest rate is at such a record low level since January 2015, which was then connected …

Global macro overview for 22/06/2018

Global macro overview for 22/06/2018:The Bank of England leaves the rates unchanged, but pressure to hike increases.The key interest rate of the Bank of England was maintained at 0.5% in line with expectations. It is a surprise, however, that Haldane j…

Trading plan for 22/06/2018

USD is continuing a landslide, started on Thursday afternoon, although the changes at night are small. Positive information about the US-China trade dispute is helping currencies, but Asian stock markets are down on Wall Street. Nervousness does not le…

Bank of England is surprised, but not happy

GBP / USD On the daily chart, the price reached the support of the lower boundary of the descending channel and rebounded upwards as shown in the the results of the Bank of England meeting. The Monetary Policy Committee voted three votes for the rate h…

Technical analysis on EUR/USD for June 22, 2018

Yesterday, we mentioned that support at 1.1520 is crucial. Price tested the 1.1520-1.15 area but did not break down. This was expected as the RSI has been giving bullish divergence signals. On the contrary, price broke above the wedge pattern and is pr…

Technical analysis on USDX for June 22, 2018

The Dollar index as expected has given a bearish signal. Our warnings to bulls that the new highs were not confirmed by the RSI came the same day when we saw price break below short-term support. The Dollar index could very well have topped. Blue line …

Technical analysis on Gold for June 22, 2018

With a low at $1,260.93 Gold price has made yesterday a possible reversal daily candle formation. A bullish bias has been formed and if price continues higher today, it will confirm this reversal signal.Gold price is at a very important buy zone and as…