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Several divergences between RSI and the Bitcoin price led to a massive sell-off in the past. We've seen this kind of situation in September which was yet the worst month for the BTC/USD in whole 2017th. Currently another visible divergence is occuring on our monitors which change our view on Bitcoin to more bearish. Yesterday candle's shape confirm that there is a...

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USDJPY – after yesterday’s correction, the price shows signs of returning to the trend. After returning to the zone of the previous high, there was a bullish response. On H4 chart we have bull market. Since morning the price is slowly rising, it is possible that the trend will be sustained. You can think about long position.

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GOLD – price on the H4 chart indicates a bearish trend. Recently, after a major correction the price went down to a new low. The current correction, much smaller, reached the level of the previous low. Here rebound occurred. It is possible that, according to the trend, supply will initiate another downward trend in this region. We can consider shorts.

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NZDJPY – the H4 chart shows a very strong upward trend where pair with no problems breaks through the previous highs. Currently there is a chance to buy at a slightly lower price. After a mild correction, the bulls begin to respond, creating a candle with a longer lower shadow. If the trend is to continue then the price should turn back towards the last high....

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GBPJPY - H4 chart shows a dynamic upward trend. Recently, however, consolidation took place. Currently price breaks the top of a narrow range of movement. It seems that you can treat this as a trend continuation signal. In this context, consider long position.

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CADCHF – H4 chart indicates a strong uptrend and a breakout to this year’s maximum. The second day in a row we have to deal with correction of last increases. Price is close to local support based on earlier peaks. It seems that in this area it may be possible to complete the correction and initiate another growth impulse. So consider long position.

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EUR/GBP – the H1 chart is in a strong downward trend. Yesterday afternoon there was a correction, comparing to declines it is quite weak. It seems that this morning the price may return to vicinity of last minimum. Its breaking will mean continuation of the trend. It is therefore worth considering short position.

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EURUSD – due to lasting sine Tuesday decreases market broke important support at 1.19 which is now retested from below as a resistance. Rejection of this level could open way to further decreases in a little wider time horizon. It is worth to consider PUT option on this symbol.

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EURGBP – because of lasting since Tuesday depreciation price broke bullish trend line which is now retested from below. It is worth to notice that in the area of resistance there was first bearish reaction and its rejection can open way to further losses. In short term we can consider PUT option on EURGBP.

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On Friday the market beat local support on CADCHF, which today was re-tested from below and rejected (as resistance). It should be noted that this level coincided with the 38.2% Fibonacci correction, where a strong supply response occurred. If today’s minima are defeated, we could expect continuation of declines. Therefore, consider short position on this instrument.

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USDCHF – As a result of Friday’s depreciation of the US dollar caused by Janet Yellen speech in Jackson Hole conference, the USDCHF broke local support at 0.9600. Although today market has opened up with a bearish gap, it has been quickly closed and we have been seeing declines for several hours again. Technically, this trend could continue even to around 0.9445....

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Price of EURJPY is in the consolidation between support at 128.00 and resistance at 130.75 since the end of June. Currently it is for the second time in the last few days close to lower band of side movement. Ichimoku signals indicate depreciation but we should be aware that during consolidation often false signals are generated. This is why I recommend to wait...

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The pair seems to be trapped between the two levels of 1.623 and 1.672. Turning to the H4 graph you will see a nice candle bar with a very long wick. Great buy signal, with stop loss below which will give about 50 pips. Take Profit is about 300 (right at the peak of several-session consolidation). Again good profit ratio (Risk/Reward) 6:1.

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On AUDJPY daily chart you can see dynamic depreciation and breaking down of level 87.00. We can notice that support zone next to level 85.50, coincided with 50% of the FIBO abolition and ascending band of average EMA (75-, 100-period). Test of the zone led to stronger reaction of demand side and a hammer formation was set. Currently there is growing pressure of buyers.

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XAUUSD: Gold prices touched a two-month high yesterday, but price action is likely to show some short term exhaution to the rally. The immediate support is seen at 1270 levels which could be tested on a downside break. To the upside, gold prices remain range bound in the longer term horizon. The previously established resistance level at 1292.40 is likely to be...

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EURNZD has been moving up for a long time. As a result of this appreciation, price reached 1.6200 resistance level, where today there was a strong bearish reaction. Permanent rejection of this zone could open the way to declines, for which potential target would be even around the upward trend line. Both in short and in a slightly longer time horizon, it is...

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Taking into account the last 20 years, we can say that GBP/NZD is at a very low level. The New Zealand currency is falling recently, which may be a chance to continue growth on that pair. Since November last year, we have seen a moderate bullish trend. Line that connects the last five lows is respected. Current rebound also began from that line. Price is close to...

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Looking at GOLD price we can see that it has been moving up for a long time. As a result of this appreciation market beat significant resistance at $1257, and re-tested it by rejecting it from the other side (as support). It is worth noting that much more significant resistance is in area of 1305.00. Because last time GOLD in this area was during the election...