Weekly reviews

Cryptocurrencies

Extremely weak ADX tells about probable continuation of low volatility trading at the area of lower Bollinger band (5692.16-6668.77).

GBPUSD

Development of downswing continues, which is aimed at the structure’s low 1.2661. According to actuality of mid-term downtrend, there is a high probability of further quotes’ decline.

Cryptocurrencies

The area of a very strong support 111.29 has been probed, from where bulls can sharply advance in direction of upper Bollinger band.

EURUSD

Downswing continues in direction of the support area 1.1298-1.1300, where a psychological level resides, that can form “double bottom” and, as a consequence, trend upward reversal. But decline dynamics is very negative for euro so far and probability of further slide looks larger.

USDJPY

The major keeps local upward mood in direction of the upper Bollinger band (113.90). 

Cryptocurrencies

Bitcoin continues long-term flat in the range of lower Bollinger bands (5830.04-6764.72).

GBPUSD

Bulls are incapable of doing something so far, market again closed very low, that may drive either to flat continuation in the range of last swing (1.2935-1.3300) or to decline of the current swing low (1.2935).

EURUSD

Euro continued the third week flat at the area of last local low of the swing (1.1434), showing one more decline of the trading session closing price, that may tell about continuation of the same tendency. 

USDJPY

Development of downward technical correction continues, which, probably, will be completed at the 111.17 hurdle, where the middle Bollinger band resides, that, traditionally, serves as a strong dynamic support for retracing movements.

Cryptocurrencies

Bitcoin continues dull mid-term downward flat in the range of lower Bollinger bands (5570.08-6790.94). Correspondingly, we can expect further slide in direction of the 5570.08 handle.