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[riki143]

EUR/USD: "V-TOP" PATTERN
08:48 27.03.2018

The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target.

There's a "V-Top" pattern, so the pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another upward price movement.

 

[riki143]

GOLD (XAU/USD) ENDING A POSSIBLE CORRECTIVE MOVE
18:40 28.03.2018


Gold has been trading in a bearish tone below the 50 SMA at H1 chart following the US GDP data release during March 28th session. Currently, we’re seeing a corrective move to take place in favor of the overall bullish structure and if the XAU/USD pair touches the 65% Fibonacci level at 1324, it could gather momentum to resume the bullish bias towards the -23.6% Fibonacci area at 1368.

RSI indicator is in the oversold territory, calling for an imminent rebound.

 

[riki143]

BITCOIN (BTC/USD): STRONG BIDS PLACED AROUND 7,586
18:36 28.03.2018


Bitcoin continues to find support above the 7586 level, where buyers are actively concentrated and trying to resume the upward bias in the short term. Currently, there is a slight consolidation below the 50-hour moving average, which suggests that the current formation is that of a bearish pattern.

In Denmark, Danske Bank has announced that it will prohibit the trading of cryptocurrencies on its platforms, although they will still allow credit card transactions to customers in general. In addition, a regulated entity of the United States has sent a reminder to its members to report all activities that concern cryptocurrency.

The Parabolic SAR continues in favor of the bulls, although we are observing that this indicator is showing signs of weakness for the short term. The resistance of 8041 continues being an important barrier to face, reason why the rupture of the level of 7586 will be key to determine the following way of the BTC.

What do we expect?

According to our forecasts in the short-term, the BTC/USD pair aims to enter a consolidation stage above 7586, so that buyers could help push upwards towards the 200-hour moving average as the first objective. However, if such support comes to cede, the Bitcoin could rush to the level of 7068.

 

[riki143]

EUR/USD ANALYSIS: INSIDE AN ACTIVE DEMAND ZONE
18:09 01.04.2018


The pair is currently trading inside a strong demand zone that could allow more gains in the short-term. Don't miss the next video!

 

[riki143]

EUR/USD: BULLISH 'INVERTED HAMMER'
14:17 02.04.2018

There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.