Bitcoin analysis for October 13, 2017

Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $5.834 driven on the news from Russia. Vladimir Putin and Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to Read more about Bitcoin analysis for October 13, 2017[…]






Technical analysis of USD/JPY for October 13, 2017

All our targets which we predicted in yesterday’s analysis have been hit. USD/JPY is still under pressure and expected to trade in a lower range. The pair is capped by a bearish trend line since October 11, which confirmed a negative outlook. Both declining 20-period and 50-period moving averages are playing resistance roles. The relative Read more about Technical analysis of USD/JPY for October 13, 2017[…]






GBP/USD analysis for October 13, 2017

Recently, the GBP/USD pair has been trading upwards. The price spiked at the level of 1.3320. Anyway, according to the 15M time – frame, I found strong resistance at the prirce of 1.3320, which is a sign that buying at this stage looks risky. There is a hidden bearish divergence on the moving average osiclator, Read more about GBP/USD analysis for October 13, 2017[…]






BITCOIN Analysis for October 12, 2017

Bitcoin has surged higher today breaking above the $5,000 level and creating record highs. Currently, the price is residing above the $5,300 level and is expected to reach the $5,500 psychological price area and later $6,000. As of the recent predictions by various cryptocurrency trading institutions, the price is expected to hit the $10,000 price Read more about BITCOIN Analysis for October 12, 2017[…]






Ichimoku indicator analysis of gold for October 12, 2017

Gold price has broken above the Ichimoku cloud in the short term but has also reached important Fibonacci resistance now. As long as price is above $1,260, bulls will be in control of the trend. A pullback with a higher low is justified and would give more strength to the upside momentum. In the 4-hour Read more about Ichimoku indicator analysis of gold for October 12, 2017[…]






BITCOIN Analysis for October 11, 2017

Bitcoin has been quite corrective with the gains yesterday as it proceeds towards the $5,000 resistance area. After the price broke above the $4,386.80 resistance level the price has surged higher without any noticeable retracement along the way. There has been nothing going on fundamentally, the market sentiment seems to be not very confident about Read more about BITCOIN Analysis for October 11, 2017[…]






BITCOIN Analysis for October 10, 2017

Bitcoin is currently residing above the $4,700 price level, which has already taken over the $4,500 price level and now heading towards the $5,000 resistance area. The turnaround of the Bitcoin after the Chinese effect is remarkable and the market sentiment is pushing the price higher once again. The bullish bias is quite strong as Read more about BITCOIN Analysis for October 10, 2017[…]






Analysis of Gold for October 10, 2017

Recently, the Gold has been trading upwards. The price tested the level of $1.292.90. According to the 15M time – frame, I found a rising wedge in creation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if the price breaks the support of the pattern ($1,290.00). Read more about Analysis of Gold for October 10, 2017[…]






Last minute burning forecast 10/10/2017

Last minute burning forecast 10/10/2017 The EURUSD pair has a buy signal. There are no significant news on the market. The crisis around Catalonia has somewhat weakened, gradually shifting to the series of statements – and, possibly, negotiations. The “US-North Korea” crisis may develop – but so far there have been no new developments. The Read more about Last minute burning forecast 10/10/2017[…]