BITCOIN Analysis for January 22, 2019

Bitcoin has been correcting itself between the corrective price range between $3,500 and $3,600 which recently rejected off the $3,500 support area with strong bullish momentum. The price is currently moving higher towards the Kumo resistance area where the 200...

EUR and GBP: Access to credit in the eurozone will not change in the near future

Fundamental data released on the UK economy in the first half of the day helped the buyers of the British pound, but a more powerful upward momentum was not formed due to the lack of a clear guideline with a...

Bitcoin analysis for January 22, 2019

Trading recommendations: BTC 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 Pitchfork diagonal (resistance) which is another confirmation of strength....

Analysis of Gold for January 22, 2019

Gold is expected to move higher towards $1,294.00 (resistance cluster) as long as the support at $1,276.00 is holding. Gold failed to test the Pitchfork median line, which is a sign that selling power decreased. Stochastic is in the oversold...

Heads of companies around the world expect an economic downturn

According to a survey by the international consulting company PricewaterhouseCoopers (PwC), about 30% of company heads expect a slowdown in global economic growth over the next 12 months. Researchers surveyed 1,300 people from all regions of the world. The share...

GBP/USD analysis for January 22, 2019

GBP/USD is expected to move higher towards 1.3000 (median Pitchfork line) as long as it holds above the upward trendline. There is also a rejection of the lower Pitchfork trendline (support), which is a confirmation of strength. Stochastic is in...

Brent oil becomes cheaper on pessimism about the global economy

The cost of oil has shifted to a reduction in renewed concerns about a slowdown in the global economy. March futures for Brent fell to the level of $ 61.50 a barrel. The cost of futures for WTI also showed...

GBP / USD: plan for the American session on January 22. The data on the growth of average earnings in the UK supported the

To open long positions on GBP / USD, you need: The pound buyers returned to the market and are trying to gain a foothold above the resistance level of 1.2894 after a good report on the increase in average earnings...

EUR / USD: plan for the American session on January 22. The euro buyers have managed to maintain an important level of support.

To open long positions on EUR / USD, you need: In the first half of the day, buyers managed to keep an important level of support around 1.1348, and the formation of a false breakdown on it, which I paid...

Intraday technical levels and trading recommendations for GBP/USD for January 22, 2019

On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking...