Bitcoin performance this January is just impressive with up to 25% daily volatility. In the following weeks I'm expecting BTCUSD to rise back to 1050 dynamic resistance, this outlook would remain relevant until bitcoin hold above 800 level.
Intraday Bitcoin is trading in the ...
USDCAD has tested 1.3410 resistance level for the second time this week. It opens a short opportunity targeting 1.3200 static support area.
1-hour timeframe specifies intraday resistance level at 1.3430 where local max level meets the projection of descending trendline. ...
There's no secret the oil price is a proxy to Russia economic expectations, yet oil correlation to RUBUSD (line chart, inverted to a more common USDRUB cross) is just impressive. Trading dynamics on both instruments is close to identical most time during the year.
MICEX (ruble denominated index of TOP 50 Russian shares) and RTS (US Dollar denominated) stock indices demonstrate a clear bullish rally since the US President Election Day, marked as vertical line on the charts.
The MICEX index has gained 14,2% since the election to date and 26,7% YTD; RTS performance is even more ...
USDCHF has left upward channel.
Backward test of previous lower band suggests re-enter in the sell trade targeting 0.9690 and 0.9640.
Close sell once USDCHF returns in the channel range (close above 0.9750).
USDJPY has reached intraday barriers marked in the previous idea. Next long targets are set on 1H timeframe with two descending trendlines at 114.40 and 114.90, respectively.
Bullish scenario remains actual until USDJPY trades above daily support 111.30.