04-01-19 Daily Analysis

1. EUR/USD analysis for January 04, 2019 (https://www.instaforex.com/forex_analysis/131905/?x=MTJC)01/04/2019Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1410. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and above the daily pivot, which is a sign that buyers are in control. I also found that triple top pattern (bullish), which […]
2. Technical analysis of NZD/USD for January 4, 2019 (https://www.instaforex.com/forex_analysis/131903/?x=MTJC)01/04/2019Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
3. Technical analysis of USD/CAD for January 4, 2019 (https://www.instaforex.com/forex_analysis/131901/?x=MTJC)01/04/2019Overview:The USD/CAD pair continues to move downwards from the zone of 1.3665 and 1.3600. This week, the pair dropped from the level of 1.3665 to 1.3435 which coincides with a ratio of 61.8% Fibonacci on the daily chart. Today, resistance is seen at the levels of 1.3525 and 1.3450. So, we expect the price to […]
4. BITCOIN Analysis for January 4, 2019 (https://www.instaforex.com/forex_analysis/131897/?x=MTJC)01/04/2019Bitcoin has been quite impulsive with the bearish price swings after rejecting the bulls off the $4,000 level recently. The price is currently residing at the edge of dynamic level 200 EMA and Kumo Cloud support. The consolidation and indecision in Bitcoin seem to continue further despite the overall bullish pressure. Though the price pushed […]
5. Wave analysis of GBP / USD for 4 January. 50% correction. Is the pound ready for a new fall? (https://www.instaforex.com/forex_analysis/221883/?x=MTJC)01/04/2019Wave counting analysis:On January 3, the GBP / USD pair added about 30 bp, although it gained as much as 200 bp from the low of the day. Thus, the pair proceeded to build a downward wave of 3 or s. If this wave is identified as s, then it can turn out to be […]
6. Indicator analysis. Daily review for January 4, 2019 for the pair GBP / USD. (https://www.instaforex.com/forex_analysis/221885/?x=MTJC)01/04/2019Trend analysis (Fig. 1).On Friday, up to 16.30 Moscow time, it is possible to work upwards with the first top target of 1.2672 - the rolling level of 61.8% (yellow dashed line). Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis - up;- Fibonacci levels - up;- volumes - up;- candlestick analysis - up;- trend analysis - […]
7. Wave analysis of EUR / USD for 4 January. Wave pattern allows the growth of eurocurrency. (https://www.instaforex.com/forex_analysis/221881/?x=MTJC)01/04/2019Wave counting analysis:The trading session on Thursday, January 3, ended for EUR / USD with a 50 bp rise. Thus, there is reason to assume that wave c takes on a complex, 5-wave form. And its first two internal waves have already completed their construction. If this is true, then from its the current position, […]
8. Indicator analysis. Daily review for January 4, 2019 for the EUR / USD pair. (https://www.instaforex.com/forex_analysis/221879/?x=MTJC)01/04/2019On Friday, the price up to 16.30 Moscow time will move up with the first target of 1.1426 - the rolling level of 61.2% (yellow dashed line).Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis - up;- Fibonacci levels - up;- volumes - up;- candlestick analysis - up;- trend analysis - down;- Bollinger lines - up;- weekly […]
9. Technical analysis for Gold for January 4, 2019 (https://www.instaforex.com/forex_analysis/131883/?x=MTJC)01/04/2019Gold price remains in a bullish trend. Gold price has reached very close to our last target of $1,300 and I prefer to exit longs and take profits at current levels. Gold price is at overbought levels. There are important short-term indicators showing a pull back will come soon.Black lines - resistance trend lines Green […]
10. Technical analysis for EUR/USD for January 4, 2019 (https://www.instaforex.com/forex_analysis/131863/?x=MTJC)01/04/2019EUR/USD remains trapped inside the trading range of 1.1475 and 1.1290. No real progress has been made the last couple of months. I believe there are more chances of an upward break out and a move towards 1.17 at least if not higher. Red dots - major strength resistanceBlue dots - medium strength supportEUR/USD has […]

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