Analytics

Cryptocurrencies

On Friday, the cryptocurrency market halted its decline somewhat, and we see attempts to develop a corrective movement in major cryptos. 

Cryptocurrencies

Analysis method - “Trend Potential”

Cryptocurrencies

Analysis method - “Trend Potential”

XAUUSD

Analysis method - “Gann Swings + Price Action”

EURUSD

Analysis method - “Gann Swings + Price Action”

In general, FOREX market hasn’t been active so much this week. On Friday, most major currencies are trade in tight ranges and what is most interesting point, within one percent of the weekly open level. We recall that the first 2019 full-active trading week was much more intense and volatile. It seems that the markets took a breather to reflect on the current situation, or a local balance of power has emerged amid information vacuum at the end of the trading week. All of stated above applies to all FX instruments, with the exception of the British pound, that presented the expected but no less interesting surprise.

EURUSD

Yesterday it was a pretty quiet trading session for European currency as EUR/USD pair spent the day within tight formation and closed around 1.1380 hurdle with a minor decline 0.05%. 

Brent

Sellers attacked 59.50 yesterday, however, the EMA200 stopped them and rejected the benchmark upwards. Brent quickly reached 61.50 afterwards.

XAUUSD

Gold continued its bullish consolidation yesterday. The spot spent the day in a tight range between 1295 and 1290.

NZDUSD

The NZD remained under heavy selling pressure yesterday.