Bitcoin analysis for May 20, 2019

Bitcoin has been trading upwards in past 24h but the BTC hit overbought condition. Watch for selling opportunities. According to the H4 time-frame, we found that there is the buying climax in the background followed by the up-thrust (reversal bar),...

Technical analysis for EURUSD for May 20, 2019

EURUSD remains in a bearish medium-term trend but shows signs of a possible bounce back towards 1.12. Trend remains bearish as long as price is below 1.1230-1.1260 but we find horizontal support from previous lows at the current trading area...

Gold technical analysis for May 20, 2019

Gold price has made a deep pull back from $1,302 just right on top of the major support level of $1,276 we have been talking about over the last few weeks. Gold price has stopped its decline and this gives...

May 20, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated...

EUR./USD analysis for May 20, 2019

EUR/USD has been trading downwards as we expected. Anyway, we expect potential rally on the EUR. According to the H1 time-frame, we found that there is the breakout of the downward supply trendline, which is sign of the potential rally....

Analysis of Gold for May 20, 2019

Gold has been trading downwards as we expected. The price tested the level of $1.273. We still expecting more downside but we expect rally first. According to the 30M time-frame, we found that there is the breakout of the downward...

EURUSD: the positive balance of the eurozone continues to decline

The euro remains in the channel in the absence of important fundamental statistics and before the start of the elections to the European Parliament, which further discourage potential investors and traders. The report on the reduction of the eurozone current...

GBP/USD: plan for the American session on May 20. Buyers are trying to start at least some correction

To open long positions on GBP/USD, you need: Buyers made a false breakdown in the morning support area of 1.2723, but did not even manage to get to the resistance of 1.2766, near which the entire upward correction could have...

EUR/USD: plan for the American session on May 20. The market is calm and unchanged

To open long positions on EURUSD, you need: The situation has not changed in comparison with the morning forecast. It is best to return to long positions after updating a large support level at 1.1138, from where you can expect...

May 20, 2019 : GBP/USD demonstrating oversold status around the current price levels.

On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted...