Bitcoin Analysis for 02.02.2018


The Government of India, although often not very positive about Bitcoin and other cryptocurrencies, such activities have not helped to curb their popularity. In his annual speech, Finance Minister Arun Jaitley again explained that the government intends to stop the use of digital currencies in India, claiming that the South Asian country does not recognize Bitcoin and other coins as legal tender: "The government does not recognize Bitcoin or other cryptocurrencies as a legal tender and will take all measures to limit their use in financing illegal activities or any part of payment systems."

Ichimoku cloud indicator analysis of Gold for February 2, 2018


Gold is holding above support although it tested $1,336 yesterday, now it is trading above $1,347 and is challenging cloud resistance. Trend is about to turn bullish again in the 4-hour chart as price is about to break above the cloud. Today's NFP announcement is expected to provide some volatility in Gold prices.

Forecast and technical analysis EURUSD on February 01, 2017.


EURUSD: dollar declining along with US10Y

On Wednesday the 31st of January, trading on the euro/dollar pair closed slightly up, leaving both a long wick and a long tail on the candlestick. The euro initially dropped to 1.2337 at the beginning of the European session. Prices then recovered from there to 1.2453 (+116 pips) on the back of declining US bond yields.

Bitcoin Analysis for 31.01.2018


The American government institute found in official research on cryptocurrency that Bitcoin Cash is the original Bitcoin, while Bitcoin itself is a fork. In the document entitled "Blockchain Technology Overview" at the National Institute of Standards and Technology at the US Department of Commerce, the authors Dylan Yaga, Peter Mell, Nik Roby, and Karen Scarfone argue that on the technical side, Bitcoin Cash is the original version of Bitcoin: Activation of SegWit resulted in the creation of a hard fork, and users who did not want to change began to call the original Bitcoin - Bitcoin Cash. From a technical point of view, Bitcoin is a fork, and Bitcoin Cash is the original Blockchain. When the hard fork happened, people had access to the same amount of coins in Bitcoin and Bitcoin Cash.

Ichimoku cloud indicator analysis of Gold for January 31, 2018


Gold price remains near the monthly highs. Price got rejected at the long-term resistance of $1,350 however there is no confirmed reversal here yet. A rejection at the long-term resistance could start a new downward move back below $1,300, if however price manages to recapture the $1,350-55 level, we should expect the resumption of the up trend towards $1,390.


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