Bitcoin analysis for January 24, 2019

Trading recommendations: Nothing has specially changed since my yesterday’s analysis. BTC has failed to reach the Pitchfork median line, which is a sign that sellers are loosing power and the demand may increase. There is also a breakout of the Pitchfo…

Analysis of Gold for January 24, 2019

As long as the support at the price of $1,276.00 is active, I am bullish on Gold. I found a failed test of the the Pitchfork median line, which is a sign for me that sellers are not strong. The buyers showed some interest in past few days and we got st…

GBP/USD analysis for January 24, 2019

As I expected, the GBP/USD pair traded higher and met my second yesterday’s target at the price of 1.3085. GBP/USD lost its bullish trend and went into the overbought condition on the Stochastic oscillator, which is a warning for buyers at this stage. …

Technical analysis of USD/CHF for January 24, 2019

Overview: The USD/CHF pair faced resistance at the level of 1.0031, while minor resistance is seen at 0.9987. Support is found at the levels of 0.9884 and 0.9819. Also, it should be noted that a daily pivot point has already set at the level of 0.993…

Technical analysis of USD/CAD for January 24, 2019

Overview:The USD/CAD pair continues to move upwards from the level of 1.3299. Yesterday, the pair rose from the level of 1.3299 (the level of 1.3299 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3352. Today, the first suppo…

Trading plan for 01/24/2019

British parliamentarians presented a surprise once again, which turned into a confident growth of the pound, which pulled along the single European currency. The fact is that yesterday it became known about the possible legislative ban of Brexit withou…

Forecast for USD / JPY pair on January 24, 2019

For the third day, the Japanese yen is trading on the price channel line of the daily timeframe. But all this time, the price is not going below the balance line of the four-hour timeframe. he price did not consolidate below the signal level of 109.21,…

Forecast for EUR / USD pair on January 24, 2019

EUR / USD pair On Wednesday, the euro rose slightly following the optimism of the British pound, although the consumer confidence index in the euro area declined from -6 to -8 in January. Also, investors are waiting for the meeting of the ECB today. Ye…

EUR/USD: second wave to continue

As we can see on the one-hour chart, wave ((i)) has arrived as a leading diagonal pattern, which led to an upward correction. After a few weeks of consolidation, wave ((ii)) ended as a zigzag with an ending diagonal in wave (c). A pullback from the upp…

Fundamental Analysis of USD/CAD for January 24, 2019

USD/CAD is currently trading at the edge of 1.3350. The price is expected to climb higher in the coming days. Despite the ongoing government shutdown in the US and downbeat economic reports, USD has asserted strength over CAD recently. The pair is exp…

Fundamental Analysis of USD/CHF for January 24, 2019

USD/CHF has been quite volatile and corrective at the edge of 0.9950 area recently from where it is expected to move lower in the coming days. Amid the government shutdown in the US and downbeat economic reports, USD is expected to extend weakness agai…

Trading plan for 24/01/2019

The rest of the currency market is relatively calm. EUR / USD is trading within the range of 1.1370 / 90; USD / JPY has edged up to 109.70. GBP / USD remains strong at 1.3060 due to the optimism that the risk of unordered Brexit can be ruled out.There …

Forecast for GBP/USD on January 24, 2019

GBP/USD
On Wednesday, the British pound became the market driver. The Labour Party’s statement, on readiness to support the agreement with the EU in order to avoid withdrawing from the bloc without a deal, inspired investors with optimism. On the one h…