Tag: forex analysis

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…