EUR/USD: pullback from the upper 'Window'
We should watch the next support at 1.1117 as an intraday bearish target. This level could be a starting point for a bullish correction...
Bitcoin (BTC/USD) strengthening the bearish path
The bearish trend in Bitcoin continues to be the protagonist in the price action since the movement has been extending in the last hours below the 200-hour moving average. The resistance of 17,161 has remained solid and it is possible that it continues to have such strength to help curb any attempt to rebound in cryptocurrency.
According to reports quoted in news agencies, the financial authorities of South Korea would be looking for the possibility of cooperating with the governments of China and Japan to establish a regulatory framework for the trading of cryptocurrency. In addition, in the United States, it is reported that the proposals to convert Bitcoin into an ETF have been withdrawn after the accolade given by the SEC.
What do we expect?
Our projections in the H1 chart suggest the BTC/USD pair has found resistance at the 65% Fibonacci level and now expects to fracture the key support of 13,618. It is possible then that the cryptocurrency falls towards the lows of December 30, which would further strengthen the bearish bias. The Parabolic SAR is favoring the bears in the short term and it is possible to continue extending until reaching the psychological level of 13,000. The RSI is in negative territory.
Felipe Erazo
Similar
GBP/USD: 'Thorn' pattern points to correction
We should watch the nearest support at 1.2953 - 1.2930 as an intraday target for GBPUSD...
EUR/USD: 'Harami' points to a bullish correction
The pair is likely going to test the upper 'Window' (1.1313) within the next few hours. The following pullback from this level could be...
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
