GOLD ANALYSIS: IT'S TIME FOR THE BULLS
19:00 28.01.2018
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https://goo.gl/WW5FWz
GOLD ANALYSIS: IT'S TIME FOR THE BULLS
19:00 28.01.2018
More:
https://goo.gl/WW5FWz
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The dollar remained lower after data on Friday showing that U.S. economy grew by an annualized 2.6% in the fourth quarter, rather than the 3% expected, down from 3.2% in the previous three months
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The retail forex market is extremely competitive and therefore the task of identifying the right broker is not an easy job to say the least. If you use the keyword and do a search on Google, you will most certainly come across scores of forex brokers. Each one of them would look the same and therefore you will often be confused and also be in a state of indecision as to whom to choose over the other. Unless you do your research properly and go through the right due diligence processes, it is likely that you will end up making the wrong choice
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EUR/GBP: BULLS HAVE DEFENDED THE FORTRESS
07:40 26.01.2018
Recommendation:
SELL 0.8700
SL 0.8755
TP1 0.8600 TP2 0.8450
On the daily chart, EUR/GBP tested the lower border of the 0.8740-0.9015 for the fourth time since September. The inability of bears to continue what they have begun will point at their weakness. On the other hand, if the pair renews January low, the odds of decline to 2% target of AB=CD will increase.
On H1, EUR/GBP managed to lead the pair outside of the descending trade channel. To return the initiative, bears need to make the euro go below support at 0.8740.
More:
https://goo.gl/wWFTCU
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ECB Meeting & Press Conference
The European Central Bank will announce its monetary policy decision at 14:45 MT time on January 25.
December meeting of the regulator wasn’t eventful, even so, EUR/USD made firstly a false move to the upside and then declined by almost 100 pips. That’s why there are all reasons to expect good trading opportunities in the EUR this time as well.
Folow this news in the Economic Calendar https://goo.gl/pmvebR
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EUR/USD: "V-TOP" PATTERN LED TO DECLINE
10:01 25.01.2018
Bulls faced with resistance at 1.2456, so the market is likely going to test the nearest support at 1.2358 - 1.2322. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2456 - 1.2500.
There's a "V-Top" pattern, so the pair is likely going to achieve the closest support at 1.2358. This level could be a departure point for a bullish price movement in the direction of another resistance at 1.2456 - 1.2500.
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https://goo.gl/YsKNPC
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GBP/USD: MAIN TARGET IS CLOSEST SUPPORT
10:06 25.01.2018
The main trend is still bullish, but the pair faced resistance at 1.4331, so there's an opportunity to have a downward correction towards the nearest support at 1.4129 - 1.4089. If we have a pullback from this area little later on, bulls will probably try to test the next resistance at 1.4386 - 1.4433.
We've got a "V-Top" pattern, which has been formed at the last local high. The main intraday target is the closest support at 1.4195 - 1.4129. However, if a pullback from these levels arrives afterwards, there'll be a moment to have another upward price movement in the direction of the nearest resistance at 1.4386 - 1.4433.
More:
https://goo.gl/gGwaWJ
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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