Bitcoin Analysis for 27.04.2018


The government of the Philippines will allow 10 Blockchain companies and cryptocurrencies to operate in a special economic zone, the Cagayan Economic Zone. The companies will be the first Blockchain and cryptographic companies that will legally operate in the Philippines after the Cagayan Economic Zone Authority (CEZA) has created a fintech center, which aims to create the Asian "Silicon Valley".

Ichimoku cloud indicator analysis of Gold for April 27, 2018


The Gold price continues lower towards our $1,310 target. The trend remains bearish. Price is forming a bullish wedge pattern. I believe it is now time to close short positions and look for a Gold trend reversal at least for the short-term. Once Gold price breaks out above the wedge pattern, we will have our signal. In cloud terms, the trend remains bearish as long as the price is below $1,335.

Forecast and technical analysis EURUSD on April 25, 2018.


EURUSD: drop to the 45th degree likely

On Tuesday the 24th of April, trading on the euro closed up, breaking its 3-day losing streak. The main factor behind the euro’s rise was the US dollar’s universal decline. As the market underwent a technical correction, participants ignored the positive US housing and consumer confidence data. The euro then corrected to the 45th degree at 1.2245.

Ichimoku cloud indicator analysis of Gold for April 25, 2018


Gold price bounced as expected yesterday, but the bounce was a shallow one. The price reached the broken short-term trend line support that was broken and back tested it. The price got rejected at the resistance previous support and is now back near the week lows. I expect the decline to stop around $1,310 and Gold to start a new upward move from that area.


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