Technical analysis of EUR/USD for 24.04.2019


The EUR/USD pair has broken through the trendline as anticipated and made a new local low at the level of 1.1192. The candlestick formation at the low looks like a Pin Bar, which indicates a possible buying activity made by bulls in oversol market conditions. Nevertheless, the move up will be considered as a local pull-back only with a target seen at the level of 1.1226. The momentum remains weak and negative which supports the short-term bearish outlook. Next target for bears is seen at the level of 1.1176 (kay technical support).

Technical analysis of EURUSD for 23.04.2019


EURUSD: with the Easter holidays over, expect a test of 1.1230

On Monday the 22nd of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was caused by reports that Washington is set to stop providing exemptions from Iranian oil sanctions. This news also pushed the Canadian dollar up, bringing a few other currencies with it.

Technical analysis of EUR/USD for 23.04.2019


The EUR/USD pair has fallen down from the level of 1.1323 after the Double Top formation was made. The price has broken below the technical support at the level of 1.1273 and is currently consolidation in a narrow range between the levels of 1.1226 - 1.1262. Any breakout below the short-term trend line dynamic support will indicate a continuation of the down move towards the levels of 1.1220 and 1.1210. The key technical support remains untouched at the level of 1.1176.

Technical analysis of Bitcoin for 23.04.2019


Donald Tapscott, chairman of the board of the Blockchain Research Institute, said in an interview, that the official Chinese currency, Renminbi (RMB), will become cryptocurrency. Tapscott revealed that he had recently met with the vice-president of the Communist Party in China. He reminded that President Xi Jinping believes that Blockchain is one of the most important technologies for the future of the country.

Elliott Wave analysis of BTC/USD for 19.04.2019


The Japanese financial regulator, the Financial Services Agency (FSA), no longer wants to describe Bitcoin as a virtual currency. During the plenary session of the 41st General Assembly of the Financial Council and the 29th Meeting of the Financial Division, Professor Iwashita Goto from the Public Policy Graduate School of Kyoto University asked the members to adjust their views on Bitcoin.


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