- Bitcoin analysis for December 24, 2018 (https://www.instaforex.com/forex_analysis/131177/?x=MTJC)12/24/2018Trading recommendations: According to the H1 time frame, I found that the BTC had broken through the supply trendline in the background, which is a sign that buyers are in control. I also found that the price was trading inside the upward channel, which is another sign of strength. My advice is to watch for […]
- Analysis of Gold for December 24, 2018 (https://www.instaforex.com/forex_analysis/131175/?x=MTJC)12/24/2018Recently, the Gold has been trading upward. The price tested the level of $1,261.00. Anyway, according to the H4 time frame, I found that the price had tested the upper diagonal of the upward channel, which is a sign that the price is probably in the overbought zone. I also found that there was a […]
- EUR/USD analysis for December 24, 2018 (https://www.instaforex.com/forex_analysis/131173/?x=MTJC)12/24/2018Recently, the EUR/USD pair has been trading sideways at the price of 1.1395. According to the H1 time frame, I found that the price broke through the upward trendline in the background, which is a sign that sellers are in control and that there is a potential change in the trend behavior from bullish to […]
- Intraday technical levels and trading recommendations for EUR/USD for December 24, 2018 (https://www.instaforex.com/forex_analysis/131169/?x=MTJC)12/24/2018On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern, where the right shoulder is currently in progress.On the daily chart, the pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018.On November 13, […]
- Technical analysis of GBP/USD for December 24, 2018 (https://www.instaforex.com/forex_analysis/131167/?x=MTJC)12/24/2018Overview: The GBP/USD pair broke resistance at 1.2604 which turned into strong support yesterday. This level coincides with 38.2% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
- Technical analysis of USD/CHF for December 24, 2018 (https://www.instaforex.com/forex_analysis/131165/?x=MTJC)12/24/2018Overview: Pivot : 0.9951.The USD/CHF pair continues to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, and the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term, […]
- Elliott wave analysis of EUR/NZD for December 24, 2018 (https://www.instaforex.com/forex_analysis/131163/?x=MTJC)12/24/2018Wave iv does look complete, with the peak at 1.6986. We could see a final spike higher to 1.7015 to complete the wave iv, but all the requirements has been fulfilled and we are looking for a break below support at 1.6850 to confirm the completion of the wave iv, as well as the onset […]
- Elliott wave analysis of EUR/JPY for December 24, 2018 (https://www.instaforex.com/forex_analysis/131161/?x=MTJC)12/24/2018After breaking below the triangle support line at 127.70, the EUR/JPY pair has declined and now it should continue to move lower towards the long-term target at 123.66. This decline should complete the wave C of (E) and the more than 10 year long triangle consolidation. Short-term minor resistance is seen at 126.68 and important […]
- Trading Plan 12/24/2018 (https://www.instaforex.com/forex_analysis/221349/?x=MTJC)12/24/2018Trading Plan 12/24/2018The general picture: all questions are postponed until the new year.The markets failed to organize the trend until the end of the year. The last important event, the unapproved budget of the United States, was barely noticeable against the background of the approaching holidays.Today, markets trade in a reduced mode, until 18.00 London […]
- GBP / USD: plan for the European session on December 24. The pound remains in the channel (https://www.instaforex.com/forex_analysis/221343/?x=MTJC)12/24/2018To open long positions on GBP / USD, you need:While trading is above the middle of channel of 1.2655, the demand for the British pound will continue, and the main task will be a breakout and consolidation above the resistance of 1.2707, which will resume the uptrend and lead to new highs in the area […]
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