Daily analytical report (20/02/18)

2018-02-20T17:05:52
  • This week’s calendar is rather empty, so luckily, we can focus more on technical analysis. EURUSD is suffering losses after creating a false breakout pattern above the 1.2520 resistance. This sparked a bearish movement with a potential target on the mid-term upwards trend line.
  • EURNZD is very close to a major sell signal. All we need is the price closing around the new weekly lows. Short-term weakness of this pair (inability to break the resistance at 1.6845) increases the chances of a major drop.
  • Bitcoin just made a correction equality pattern and is on a very important mid-term resistance. If sellers want to bring back the downtrend, this is the last chance. If the day closes with the price above 12k USD, this will be a major buy signal for the cryptocurrency.

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