Ichimoku cloud indicator analysis of Gold for February 16, 2018

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Gold price is making new highs, and price remains in a bullish trend. The price remains below the January highs but it is expected to move above them. This is not the time to be chasing the bullish trend. When breaking above the $1,334 resistance was the time to buy. Now it is time to wait.

Bitcoin Analysis for 15.02.2018

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The seven largest cryptocurrency companies in the world joined forces to create CryptoUK, the first of its kind, a trade association whose aim is self-regulation in the British digital currency industry. CryptoUK consists of global trading platforms and cryptocurrency services: Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock.

Forecast and technical analysis EURUSD on February 15, 2017.

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Today, ahead of the European trading session, the single currency is trading at 1.2457 against the greenback, while the US dollar index (DXY) is at 88.82. This marks a rise of around 80 pips on the EURUSD pair over the last 24 hours, which is mostly the result of weak inflation and retail sales data from the US in January, both of which were published yesterday at 16:30 EET.

Ichimoku cloud indicator analysis of Gold for February 15, 2018

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Gold price reacted negatively after the CPI report yesterday, as Dollar strengthened, but very fast afterwards price reversed upwards and took back all its losses. Price was then trading at the $1,334 resistance are by our Kumo (cloud). As Dollar weakened, Gold price broke above next resistance at $1,344 and moved back above the $1,350 long-term resistance.

Bitcoin Analysis for 14.02.2018

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South Korea is currently considering a licensing system for cryptocurrency exchanges, which looks like a large turnover of shares after previous information, to prove the ban on stock exchanges. According to the local press agency Business Korea, legislators from the dedicated Working Group on Cryptocurrency, they are exploring the possibility of following New York and Japan in checking stock market operators before allowing them to enter the market.

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