On the daily chart our pair has drawn a complicated “double top” figure, but this does not affect the very essence. At the moment we observe that the downward movement slowed down near the resistance level. Therefore, it is necessary to be ready for the next downward impulse and the formation of the 3rd wave, as well as the possible increase in volatility. Ttake...
Since our last article, our price has been adjusted to the next level of resistance. However, at the moment it is trying to gain a foothold below and the second candle being under our level proves it. Our technical indicators also points out the resumption of the downward movement. Now on the 4-hour chart we observe that the quotation crosses the middle strip of...
At the moment, we see that the price is traded on the previously formed levels of support and resistance. Considering the level of volatility and the formed trend, we believe that the price will continue its downward movement. Since now it has approached the lower border and in case of breaking our level will go to the next. It’s better to open short...
Our pair went into correction and at the moment we are seeing that the pair has found a new resistance level at 1.1850. We expect further decline after the completion of the corrective movement and the formation of the third downward wave. We recommend taking short positions, setting a stop-loss above the level of 1,1940 and take-profit below the resistance...
At the moment, we are witnessing a global trend change and against the backdrop of political factors, the US dollar is strengthening. The pair has found a new level of resistance and took a breather. A powerful downward impulse observed on the daily chart, suspended its movement this week. On the 4-hour chart, we observe that the downward wave was worked out and...
As we expected Bitcoin’s rate had approached the mark of 10,000. At that time investors decided to fix the profit. Currently we expect that the price will be adjusted. Analyzing our chart, we can judge that soon a figure of head and shoulders will be formed. And the next downward wave will be stronger. Also, in case of fixing the price under our resistance...
As we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the...
Considering the daily chart, we observe that the pair suspended the upward movement near the level of 1.1940 and demonstrated growth at yesterday's auctions. However, the downward trend continues. There is a small correction for our pair and the price may rush to the upper boundary of Bollinger Bands on the 4-hour chart. But we believe that after such a move the...
We observe that, as expected, after correction the pair overcame the resistance level and became stronger. Now we have new levels. At the moment, the dollar rally continues and the US dollar has reached the maximum levels of the current year against the basket of major currencies. Thus we assume the further upward movement of the pair after correction to the...
The pair continues its downward movement amid the strengthening of the dollar. Now on the chart we can observe that technical indicators continue to be in the oversold zone. Also, our pair does not stay near any resistance levels. The descending impulse is very strong and the quotation has fallen to the level of January of this year. So we advise to stand on short...
After corrective movement on Friday from the level of 1.2075, our pair has been trying to resume the downward movement since the beginning of today's trading. The dollar index continues to strengthen and is at the maximum levels of the current year. At the moment, we believe that the price will continue the downward movement and in case of overcoming and...
After a long fall, the trend has changed. Bitcoin began to grow after the total sale ended and the excitement for it as a trading tool cooled down. Bitcoin was also recognized as an Islamic currency, in the sense that its trade does not contradict religious prohibitions. After that, the price for it as well as for the rest of cryptocurrencies, rose sharply and...
The US dollar continues to strengthen against the basket of major currencies. The dollar index against the backdrop of statements by Donald Trump was able to stay above the 90.00 mark. At the moment, the USD index continues to rise and is near the 91.00 mark, which is the maximum value since January of this year. In Japan the recent macroeconomic indicators showed...
Having formed the "Double top" figure, our pair is directed downwards and is able to stand under the mark of 1.22 at the moment. Prior to this, having found the resistance level near the 1.2235 mark, it steadily rushed down. If we consider this motion from the point of view of the Elliott wave theory, then we can observe the formation of the third wave, which must...
We have a downward trend in our pair. The dollar index continues its growth and the reserve currency continues to strengthen against the basket of major currencies. At the moment, after forming of the "head and shoulders" figure, quotations continue to decline. Technical indicators also indicate a "sale." Because of that at the moment we are considering entry...
On our chart we can observe that our pair has almost completed the "double top" figure. We can also judge the formation of a medium-term downtrend. In this case, we will consider the possibilities for entering short positions. If our pair overcomes the red level of the resistivity and anchors under it, we expect further movement to the area of level 1.21....
Our pair is heading down, after updating 2-year highs. At the moment it looks like the pair is drawing a "head and shoulders" figure on the chart. Price has broken the mid-term trend line from above and rushed to the next support level at 1.3990. In case of fixing the price under this level of support, it will turn into a resistance level. And then we are...
At the moment, we are watching our pair come out of the descending channel and on the daily chart formed a "young" uptrend. And now the pair has found a new level of support. In view of political unrest, the dollar is quite unstable. However, the current trend indicates a strengthening of the reserve currency. Most technical indicators on the day and 4-hour...