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Thread: Daily Analytics

  1. #1

    Default Daily Analytics

    USD/CHF Daily Analytics
    08:47 08.02.2018
    USD/CHF rising inside minor corrective wave (ii)
    Next buy target - 0.9500
    USD/CHF continues to rise inside the minor corrective wave (ii), which started earlier from the support zone lying between the key support level 0.9240 and the lower daily Bollinger Band. The active corrective wave (ii) belongs to the minor impulse wave 3 of the intermediate impulse wave (3) from the start of December. USD/CHF is expected to rise further toward the next buy target at the next resistance level 0.9500 (target price for the completion of wave (ii)).


  2. #2


    EUR/JPY Daily Analytics
    09:10 08.02.2018

    SELL 133.80

    SL 134.35

    TP1 132.8 TP2 131.8 TP3 131.5

    On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark” pattern will increase. On the other hand, a pullback will be in favor of the resumption of the long-term uptrend.

    Renews February low, it will open the way down to 88.6% target of the “Shark” pattern at 131.50.


  3. #3


    EUR/USD Daily Analytics
    06:20 09.02.2018

    There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. In this case, the price is likely going to continue declining.

    The price is consolidating under the upper "Window". If a pullback from this area happens, we could see a downward price movement towards the next support.


  4. #4


    USD/JPY Daily Analytics
    06:25 09.02.2018

    The price is consolidating between two "Windows". Also, there's no any reversal pattern so far. Therefore, the pair is likely going to test the next support area.

    There isn't any reversal pattern, cause all the last candles are bearish. So, the market is likely going to test nearest support area.


  5. #5


    10:03 15.02.2018
    A lot has happened to Bitcoin since the start of 2018. The recent weeks haven’t been easy for the cryptocurrency: BTC/USD fell to $6,000 on February 6. Since then, some recovery took place. Yet, the highs of 2017 in the $20K area remain far away. Some people argue that Bitcoin will go “to the moon” (i.e. higher than we can imagine today), while others consider it a bubble and expect more declines. Who is right?

    To begin with, Bitcoin’s selloff in January and February is not unusual. There were periods in 2012, 2013 and 2017 when the market fell by 30% and more during 1 or several days. The recent move simply looks more impressive because it was preceded by a spectacular advance.

    Now some analysts say that after this healthy correction the market has become more mature and may attract more serious investors. JP Morgan said that cryptocurrencies may represent instruments to diversify portfolios from holding traditional stocks and bonds. Many new players may join the cryptocurrency market when the price makes pullbacks to the downside. In addition, there are so-called HODL investors – people who will hold Bitcoins no matter how low the price gets. Bitcoin futures have provided a way for Wall Street to trade this dynamic market.

    Good things and bad things for Bitcoin
    It’s clear that for a significant rebound in Bitcoin the market’s sentiment should improve. The majority of traders should believe that the negative factors affecting the price are only temporary.

    We can say that the situation starts improving. The price remains influenced by regulatory activity in major trading markets and here there are some bright things.

    South Korea, which has previously crashed BTC by considering a cryptocurrency ban, now says that it will focus on making cryptocurrency trading transparent and that it was never seriously planning to shut down crypto exchanges.

    US regulators – SEC and CFTC – admitted the underlying value of cryptocurrencies. According to them, the basis for Bitcoin’s value is miners’ costs. The UK launched the not-for-profit and membership-driven organization to regulate cryptocurrency trading.

    Big banks have indicated that they are interested in the cryptocurrency market. For example, Goldman Sachs is creating an interface for cryptocurrency trading. JP Morgan also considers integrating blockchain into its systems.

    Yet, the environment for cryptocurrencies remains difficult. The problem is that, for now, it seems quite easy for big players and decision-makers to destabilize the market. The rapidly moving price attracts a lot of predators who practice different kinds of manipulations, for example, fake news. The infrastructure for trading is far from perfect. Hack attacks, thefts, and hidden mining happen quite often.

    Bitcoin price forecasts
    The main resistance level for BTC/USD is located at $12K. If it manages to rise above this level, the correction would be over and the price will get a chance to rise to $14-17K. The inability to break above $12,000 would be a longer period of sideways trading for cryptocurrencies.

    Analysts at Bloomberg think that BCT should return down to $900 because it’s the average price level since the creation. This looks like a big decline given rather high demand, but given the extreme volatility of the market, this is far from impossible.

    Yet, it looks more likely that Bitcoin is at the beginning rather than at an end. A lot of things have happened and there will be more: technological breakthroughs, changes in regulation and market sentiment. Bitcoin can actually face several more years of turbulence before the token stabilizes as a legitimate commodity.

    There are a lot of predictions that BTC will rise to $20,000-$50,000 in 2018. Much depends on the success of the Lightning Network, a technological improvement that’s expected to unfold this year and make Bitcoin transactions faster and cheaper.

    If we need to answer a question whether Bitcoin can resume uptrend, the answer is yes. To make sure that things go that way watch for news and important technical levels and remember that the one thing we can be 100% sure of is that there will be many more big swings on the way.


  6. #6


    USD/JPY Daily analytics
    13:30 15.02.2018

    The last "Three Methods" pattern led to the current decline. There's no any reversal pattern so far, which means the pair is going to continue declining.

    There's no any reversal pattern, but we could have a bullish correction. If the 34 Moving Average acts as resistance, there'll be an opportunity to have another bearish price movement.


  7. #7


    USD/CHF Daily Analytics
    16:06 15.02.2018
    USD/CHF broke pivotal support level 0.9250
    Next sell target - 0.9450
    USD/CHF continues to fall after the earlier breakout of the pivotal support level 0.9250 (low of the previous sharp intermediate impulse wave (3) from the start of February). The breakout of the support level 0.9250 continues the active intermediate impulse wave (5), which started earlier with the daily Bearish Engulfing from the resistance level 0.9450 (former multi-month support level from July and September).


  8. #8


    GBP/USD Daily Analytics
    16:08 15.02.2018
    GBP/USD reversed from support zone
    Next buy target - 1.4200
    GBP/USD previously reversed up from the support zone lying between the strong support level 1.3800, lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from the middle of December. The upward reversal from this support zone started the active minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.4200 (resistance trendline of the daily up channel from August).


  9. #9


    EUR/USD Daily Aalytics
    06:20 19.02.2018
    Technical levels: support – 1.2380; resistance – 1.2470, 1.2520.

    Trade recommendations:

    Buy — 1.2380; SL — 1.2360; TP1 — 1.2470; TP2 — 1.2520
    Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to the support of the Kijun-sen.


  10. #10


    AUD/USD Daily Analytics
    07:30 19.02.2018

    SELL 0.7895 SL 0.795 TP 0.7795

    BUY 0.7985 SL 0.793 TP1 0.8055 TP2 0.8095 TP3 0.8185

    On the daily chart of AUD/USD, bulls didn’t manage to overcome an important resistance level of 0.7985. As a result, the pair consolidated in the 0.7895-0.7985 area. When the pair gets out of this range, this will determine the further fate of the Aussie.

    On H1, a break of support at 0.7895 will trigger the “Shark” pattern with a target at 88.6%. On the other hand, successful test of resistance at 0.7985 will increase the risks of a rally. Don’t exclude the possibility of a “Widening wedge”.


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