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Burning forecast 01/23/2019

Dean Leo - 08:27 2019-01-23 UTC+00

EURUSD: On the threshold of movement. The volatility of the pair has fallen to its lowest levels in recent days - the market is preparing for movement

Wave analysis of EUR / USD for January 23. The pair keeps hoping for growth

Chin Zhao - 07:53 2019-01-23 UTC+00

On Tuesday, January 22, trading ended for EUR / USD by 10 bpts. Thus, the tool remains within the framework of the construction of the supposed wave

GBP / USD pair: plan for the American session on January 23. Great Britain risks remain without Brexit deal

Ruben Watson - 12:25 2019-01-23 UTC+00

Statements by the Minister of Commerce of Great Britain saying that it was impossible to work out and implement the deal by March 29 led to the strengthening of the

GBP/USD: plan for the European session on January 23. No news on Brexit

Ruben Watson - 08:09 2019-01-23 UTC+00

GBP/USD: plan for the European session on January 23. No news on Brexit

Technical analysis: Intraday Level For EUR/USD, Jan 24, 2019

Arief Makmur - 02:50 2019-01-24 UTC+00

When the European market opens, some economic data will be released such as Main Refinancing Rate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI

GBP/USD analysis for January 23, 2019

Petar Jacimovic - 11:30 2019-01-23 UTC+00

The first target at the price of 1.3000 reached. Strong bullish momentum is still going on. Watch for buying opportunities. The next upward target is set at the price

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Technical analysis

EUR/USD Approaching Resistance, Prepare For Reversal

The EUR/USD pair is approaching its resistance at 1.1424 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1373 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is.

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Technical analysis

USD/JPY Approaching Support, Prepare For Bounce

The USD/JPY pair is approaching its support at 109.17 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 109.662 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5,.

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Technical analysis

EUR/GBP Testing Support, Prepare For Bounce

The EUR/GBP pair is testing its support at 0.8763 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.8866 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is.

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Bitcoin forecast

Bitcoin analysis for January 23, 2019

Petar Jacimovic

11:53 2019-01-23 UTC+00

Successful rejection from the support. Watch for buying opportunities. The first upward target is set at the price of $3,742.

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Bitcoin Elliott Wave analysis for 23/01/2019

Sebastian Seliga

06:52 2019-01-23 UTC+00

Is the correction completed yet?

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Ethereum Elliott Wave analysis for 23/01/2019

Sebastian Seliga

06:33 2019-01-23 UTC+00

The market has tested the technical support again

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Pattern Graphix

Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-01-24 Triple Bottom #Bitcoin M15

The Triple Bottom pattern has been formed on #Bitcoin M15. It has the following characteristics: resistance level 3589.19/3565.29; support level 3555.49/3554.19; the width is 3370 points. In the event of a breakdown of the resistance level of 3589.19, the price is likely to continue an upward movement at least to 3554.22.

2019-01-24 Bullish symmetrical triangle NZDJPY M5

According to the chart of M5, NZDJPY formed the Bullish symmetrical triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 74.17/74.27 whereas the lower border goes across 74.36/74.27. The pattern width is measured on the chart at -19 pips. If the Bullish symmetrical triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 74.27 is broken, the price could continue its move toward 74.

2019-01-24 Head and Shoulders GBPUSD M30

According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3093 while the median line of the Neck is found at 1.3059/1.3068. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.3038.

2019-01-24 Double Bottom #Bitcoin M15

The Double Bottom pattern has been formed on #Bitcoin M15. Characteristics: the support level 3553.99; the resistance level 3565.29; the width of the pattern 1130 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 1110 points.

Economic Calendar

Thursday, 24 January 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
02:30	Part Time Employment Change	Dec	-7.3K; 46.3K		-3.0K; 24.6K	Medium
02:30	Employment Change	Dec	39.0K	17.3K	21.6K	High
02:30	Unemployment Rate	Dec	5.1%	5.1%	5.0%	High
10:15	Composite PMI	Jan	48.7	51.0		Medium
10:15	PMI Services	Jan	49.0	50.6		Medium
10:15	PMI Manufacturing	Jan	49.7	50.0		Medium
10:30	Composite PMI	Jan	51.6	51.9		Medium
10:30	PMI Services	Jan	51.8	52.2		Medium
10:30	PMI Manufacturing	Jan	51.5	51.4		Medium
11:00	Composite PMI	Jan	51.1	51.4		Medium
11:00	PMI Services	Jan	51.2	51.5		Medium
11:00	PMI Manufacturing	Jan	51.4	51.5		Medium
14:45	Deposit Facility Rate	Jan	-0.40%	-0.40%		Medium
14:45	Marginal Lending Facility	Jan	0.25%	0.25%		Medium
14:45	ECB Interest Rate Announcement	Jan	0.00%	0.00%		High
15:30	Unemployment Claims	Jan	213K	219K		Medium
15:30	ECB Press Conference					High
16:45	ISM Manufacturing	Jan	53.8	53.5		Medium
18:00	Crude Oil Inventories	Jan	-2683K	-200K		Medium