Elliott Wave analysis of BTC/USD for 19.04.2019

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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.

Technical analysis of EUR/USD for 19.03.2019

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The EUR/USD pair has hit the technical resistance at the level of 1.1353, but there is no sign of a reversal yet. The market conditions are now overbought and there is a bearish divergence forming in this time frame between the price and the momentum indicator. Please notice, that the recent move up from the level of 1.1176 is considered to be a corrective bounce in a downtrend, so the down move can resume any time now.

Technical Analysis of EUR/USD for 15.03.2019

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The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The Harami candlestick pattern appeared at the top of the wave up, so the bears might be preparing to push the prices lower. Nevertheless, the market is still trading above the orange trendline, so the bulls are temporary in control over the market, so the bears must wait for the trendline to be broken in order to push the price lower towards the level of 1.1285 - 1.1275.

Technical Analysis of EUR/USD for 14.03.2019

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The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The market has broken above the technical resistance zone located between the levels of 1.1316- 1.1325 and is still trading above the orange trendline, so the bulls are temporary in control over the market. No reversal price or candlestick pattern has occurred yet and the next target is seen at the level of 1.1353.

Technical analysis Forex of EUR/USD for 13.03.2019

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EURUSD: bulls met with resistance around the 112th degree

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In 3 days, the bulls have recovered the losses incurred after the ECB meeting on the 7th of March. On Tuesday the 12th of March, the euro rose to 1.1305 against the dollar on the back of a rally on the EURGBP pair as well as a broadly weaker dollar following the release of US inflation data, which fell short of expectations.

Technical Analysis of EUR/USD for 13.03.2019

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The EUR/USD pair has made another leg up and made local high at the level of 1.1304 which is just below the technical resistance zone located between the levels of 1.1316 - 1.1325. The move up has ended with a Shooting Star candlestick pattern, so the first indication of a possible trend change has been issued. Now the traders have to wait for the market to break through the trend line support and the bears will be in control of the market again. The longer-term trend remains down and the market should reverse and follow the main trend soon.

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