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End of day analysis for Crude oil 22-01-2018
Crude oil price attempted to breach the correctional bearish channel’s resistance but it returned to settle below it again, which keeps our bearish overview valid for the upcoming period, reminding you that breaking 62.80 will confirm the extension of the bearish wave towards 61.50 as a next station, while holding below 63.80 represents main condition to continue the expected decline.
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End of day analysis for Gold 22-01-2018
Gold price shows sideways trading and settles above the previously breached resistance of the bullish flag, to keep the bullish trend valid on the intraday and short term basis, as our next main target is located at 1357.50, while the price needs to hold above 1321.40 to guarantee the continuation of the suggested rise.
MoreEnd of day analysis for EURUSD 22-01-2018
The EURUSD pair returns to test the key support base 1.2215, which represents the first protecting factor to the continuation of our recently suggested positive scenario besides the next support 1.2165, thus, our bullish overview will remain active for the upcoming period, supported by the EMA50 and stochastic, noting that the first target is located at 1.2340.
MoreUpdate: Bitcoin price under the negative pressure
Bitcoin price falls under negative pressure to attack 10748.00 level and moves below it now, which urges caution from the upcoming trading, as holding below it will stop the positive scenario and push the price to decline towards 8643.00 initially, while stepping above 10748.00 represents major condition to continue the expected bullish trend on the intraday and short term basis.
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