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Daily analytical report (13/02/18)

Tomasz Wisniewski
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  • Gold is taking advantage of a weaker USD to climb higher. Technically speaking, we are in positive territory and very close to a legitimate buy signal. So far, what we have is a daily pin bar bouncing from the horizontal support at 1,307 USD/oz. What we are still missing is a breakout of the upper line of the flag formation.
  • SP500 defended the upwards trend line and stopped the panic from spreading. We’re currently trying to correct the recent mayhem. I must say that buyers are doing pretty well. As long as we stay above 2,560 points (green area) the sentiment remains positive.
  • Bitcoin has recently been respecting the horizontal levels. The price bounced from the 6,000 USD support before aiming at the recent one at 8.7k USD, which was positively tested as a resistance. As long as we stay below 8,700 USD (green), the sentiment towards BTC is still negative and there’s a high chance of testing the 6,000 USD area again.
12 February, 10:57 (GMT+3)
Forex market review (12/02/18)
14 February, 09:43 (GMT+3)
Forex market review (14/02/18)

Attention:

Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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