Follow market movement this january
Follow market movement this january
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Ethereum highs and Bitcoin’s return to growth

Bitcoin has held above $30K, showing a 5% increase at the beginning of the new working week, and is trading around $34K. The benchmark cryptocurrency is avoiding sharp moves, and large investors may take a pause, waiting for new triggers....

Ethereum highs and Bitcoin’s return to growth
NZDCAD Wave Analysis 25 January, 2021

• NZDCAD rising inside impulse wave 3. • Likely to rise to resistance level 0.9250 NZDCAD recently reversed up from the support level 0.9062 (former minor support from the middle of December) – standing near the lower daily Bollinger Band...

Platinum Wave Analysis 25 January, 2021

• Platinum reversed from key resistance level 1140.00 • Likely to fall to support level 1070.00 Platinum recently reversed down with the daily Japanese candlesticks reversal pattern Bearish Engulfing from the key resistance level 1140.00 – standing close to the...

EURNZD Wave Analysis 25 January, 2021

• EURNZD approaching key support level 1.6810 • Likely to rise to resistance level 1.6960 EURNZD is currently approaching the key support level 1.68100 (which stopped the previous wave B at the start of January as can be seen below)....

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Crypto Review

Ethereum highs and Bitcoin’s return to growth
Ethereum highs and Bitcoin’s return to growth

Bitcoin has held above $30K, showing a 5% increase at the beginning of the new working week, and is trading around $34K. The benchmark cryptocurrency is avoiding sharp moves, and large investors may take a pause, waiting for new triggers....

Bitcoin’s worryingly deep correction
Bitcoin’s worryingly deep correction

The cryptocurrency market is at a crossroads amid the inauguration of a new U.S. president, the announcement of new stimulus, and rising stocks. Bitcoin continues its cautious decline after a failed attempt to test $40K at the end of the...

Bitcoin correction drags on
Bitcoin correction drags on

Bitcoin failed to break the $40K threshold again, remaining within a corrective scenario. Nevertheless, the support level of around $35K has not been broken, and crypto market participants are not panicking. After impressive growth in October-January, the benchmark cryptocurrency needs...

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Market Snapshots

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NZDCAD Wave Analysis 25 January, 2021
NZDCAD Wave Analysis 25 January, 2021

• NZDCAD rising inside impulse wave 3. • Likely to rise to resistance level 0.9250 NZDCAD recently reversed up from the support level 0.9062 (former minor support from the middle of December) – standing near the lower daily Bollinger Band...

Platinum Wave Analysis 25 January, 2021
Platinum Wave Analysis 25 January, 2021

• Platinum reversed from key resistance level 1140.00 • Likely to fall to support level 1070.00 Platinum recently reversed down with the daily Japanese candlesticks reversal pattern Bearish Engulfing from the key resistance level 1140.00 – standing close to the...

EURNZD Wave Analysis 25 January, 2021
EURNZD Wave Analysis 25 January, 2021

• EURNZD approaching key support level 1.6810 • Likely to rise to resistance level 1.6960 EURNZD is currently approaching the key support level 1.68100 (which stopped the previous wave B at the start of January as can be seen below)....

Wheat Wave Analysis 25 January, 2021
Wheat Wave Analysis 25 January, 2021

• Wheat reversed from pivotal support level 630.00 • Likely to test resistance level 660.00 Wheat recently reversed up from the pivotal support level 630.00 (which also stopped the previous minor correction (iv) at the start of January). The support...

GBPCHF Wave Analysis 22 January, 2021
GBPCHF Wave Analysis 22 January, 2021

• GBPCHF reversed from long-term resistance level 1.2200 • Likely to fall to 1.2000 GBPCHF recently reversed down from the long-term resistance level 1.2200 (which has been reversing the price from the end of November) – standing near the lower...

Sugar Wave Analysis 22 January, 2021
Sugar Wave Analysis 22 January, 2021

• Sugar falling inside wave (2) • Likely to reach support level 15.50 Sugar continues to fall inside the medium-term corrective wave (2) from started earlier from the key resistance level 16.70 intersecting with the daily up channel from last...

EURJPY Wave Analysis 22 January, 2021
EURJPY Wave Analysis 22 January, 2021

• EURJPY reversed from key support level 125.00 • Likely to rise to 127.00 EURJPY recently reversed up from the key support level 125.00 (former monthly high from October and November) – standing near the lower daily Bollinger Band and...

USDCAD Wave Analysis 22 January, 2021
USDCAD Wave Analysis 22 January, 2021

• USDCAD reversed from key support level 1.2635 • Likely to rise to resistance level 1.2800 USDCAD recently reversed up from the key support level 1.2635 (which has been reversing the pair from the start of January) – standing near...

AIG Wave Analysis 22 January, 2021
AIG Wave Analysis 22 January, 2021

• AIG reversed from resistance level 41.75 • Likely to reach support level 37.50 AIG continues to fall after the price failed to hold the ground above the major resistance level 41.75 (former monthly high from November) standing near the...

USDCHF Wave Analysis 21 January, 2021
USDCHF Wave Analysis 21 January, 2021

• USDCHF reversed from resistance level 0.8910 • Likely to fall 0.8800 USDCHF recently reversed down from the resistance level 0.8910 (which has been steadily reversing the price from the start of December – as can be seen below). The...

EURAUD Wave Analysis 21 January, 2021
EURAUD Wave Analysis 21 January, 2021

• EURAUD reversed from key support level 1.5600 • Likely to rise 1.5760 EURAUD previously reversed up from the key support level 1.56025 (which stopped the previous sharp downward impulse wave (3) in the middle of January). This upward reversal...

Cotton Wave Analysis 21 January, 2021
Cotton Wave Analysis 21 January, 2021

• Cotton broke resistance level 81.90 • Likely to rise 85.00 Cotton recently broke the resistance level 81.90 (which reversed the price with the daily candlesticks reversal pattern Dark Cloud Cover at the start of this year). The breakout of...

GBPUSD Wave Analysis 21 January, 2021
GBPUSD Wave Analysis 21 January, 2021

• GBPUSD broke above the resistance level 1.3700 • Likely to rise to 1.3800 GBPUSD recently broke above the resistance level 1.3700 (which has been repeatedly reversing this currency pair from the end of December). The breakout of the resistance...

BMY Wave Analysis 21 January, 2021
BMY Wave Analysis 21 January, 2021

• BMY reversed from major resistance level 66.10 • Likely to test support level 64.00 BMY recently reversed down from the major resistance level 66.10 (monthly high from October) – standing well above the upper daily Bollinger Band. The same...

Silver Wave Analysis 20 January, 2021
Silver Wave Analysis 20 January, 2021

• Silver reversed from support level 24.0 • Likely to rise to resistance level 27.45 Silver recently reversed up from the support level 24.0 intersecting with the lower daily Bollinger band and the 61.8% Fibonacci correction level of the previous...

GBPNZD Wave Analysis 20 January, 2021
GBPNZD Wave Analysis 20 January, 2021

• GBPNZD reversed from resistance level 1.9140 • Likely to fall to support level 1.8925 GBPNZD recently reversed down from the major resistance level 1.9140 (which has been reversing the price from the start of December), intersecting with the upper...

AUDUSD Wave Analysis 20 January, 2021
AUDUSD Wave Analysis 20 January, 2021

• AUDUSD reversed from key support level 0.7665 • Likely to rise to resistance level 0.7800 AUDUSD recently reversed up from the key support level 0.7665 – standing near the 38,2% Fibonacci correction level of the previous upward impulse wave...

NASDAQ-100 Wave Analysis 20 January, 2021
NASDAQ-100 Wave Analysis 20 January, 2021

• NASDAQ-100 broke resistance level 13130.00 • Likely to rise to 13500.00 NASDAQ-100 recently broke above the resistance level 13130.00 (which formed the daily reversal pattern Bearish Engulfing at the start of January). The breakout of the resistance level 13130.00...

Pound sterling testing local highs after inflation data
Pound sterling testing local highs after inflation data

GBPUSD hit 32-month highs on Wednesday on a weaker dollar and was also helped by stronger-than-expected inflation in December. Consumer prices rose 0.3% last month, accelerating to 0.6% y/y. The core index accelerated from 1.1% y/y to 1.4% y/y. Besides,...

World’s Rich Fled Alibaba After Monopoly Probe, Citi Say
World’s Rich Fled Alibaba After Monopoly Probe, Citi Say

Wealthy investors rushed to offload stock in Alibaba Group Holding Ltd. after China began an investigation into alleged monopolistic practices at billionaire Jack Ma’s internet giant, according to Citigroup Inc.’s private bank. Once hailed as drivers of economic prosperity and...

EURGBP Wave Analysis 19 January, 2021
EURGBP Wave Analysis 19 January, 2021

• EURGBP reversed from multi-month support level 0.8870 • Likely to rise to resistance level 0,9000 EURGBP recently reversed up from the powerful multi-month support level 0.8870 (former strong resistance level from April – which has reversed numerous downward corrections...

Coca-cola Wave Analysis 19 January, 2021
Coca-cola Wave Analysis 19 January, 2021

• Coca-cola falling inside minor impulse wave (c) • Likely to fall to support level 47.25 Coca-cola continues to fall inside the minor downward impulse wave (c) – which previously broke the round  support level 50,00 (which stopped the previous...

CHFJPY Wave Analysis 19 January, 2021
CHFJPY Wave Analysis 19 January, 2021

• CHFJPY reversed from support area • Likely to rise to resistance level 117.50 CHFJPY currency pair recently reversed up from the support area located between the key support level 116.10 (former monthly high from October and the low of...

WTI Wave Analysis 19 January, 2021
WTI Wave Analysis 19 January, 2021

• WTI rising inside minor impulse wave (iii) • Likely to test resistance level 55,00 WTI oil recently reversed up from the 38,2% Fibonacci correction level of the previous sharp upward impulse wave (i) from the start of January. The...

EURCHF Wave Analysis 18 January, 2021
EURCHF Wave Analysis 18 January, 2021

• EURCHF reversed from pivotal support level 1.0740 • Likely to rise to 1.0785 EURCHF today reversed up from the pivotal support level 1.0740 (former resistance from October and the monthly low from December) standing well below the lower daily...

Gold Wave Analysis 18 January, 2021
Gold Wave Analysis 18 January, 2021

• Gold reversed from pivotal support level 1820.00 • Likely to rise to 1860.00 Gold today reversed up from the pivotal support level 1820.00 (which has been repeatedly reversing the price from the start of December). The upward reversal from...

EURCAD Wave Analysis 18 January, 2021
EURCAD Wave Analysis 18 January, 2021

• EURCAD reversed from key support level 1.5330 • Likely to rise to 1.5500 EURCAD recently reversed up from the key support level 1.5330 (former monthly low from November) standing well outside of the lower daily Bollinger Band. The support...

HK50 Wave Analysis 18 January, 2021
HK50 Wave Analysis 18 January, 2021

• HK50 rising inside accelerated impulse wave 3 • Likely to test resistance level 29175.00 HK50 index continues to rise inside the accelerated upward impulse wave 3 – which previously broke the powerful resistance level 28000.00 (former February high from...

CADJPY Wave Analysis 15 January, 2021
CADJPY Wave Analysis 15 January, 2021

• CADJPY reversed from resistance level 82.00 • Likely to fall to 81.00 CADJPY recently reversed down from the key resistance level 82.00 (former monthly high from December – which stopped the previous minor impulse wave (i)). The downward reversal...

USDCAD Wave Analysis 15 January, 2021
USDCAD Wave Analysis 15 January, 2021

• USDCAD reversed from pivotal support 1.2635 • Likely to rise to 1.2830 USDCAD recently rose sharply from the pivotal support 1.2635 (which stopped the previous minor impulse wave (i) in the middle of December), intersecting with the lower daily...

EURJPY Wave Analysis 15 January, 2021
EURJPY Wave Analysis 15 January, 2021

• EURJPY broke key support level 125.800 • Likely to fall to 125.00 EURJPY today broke the multi-candle support level 125.800 (which reversed the price multiple times in the middle of December). The breakout of this support level 125.800 accelerated...

GBPUSD Wave Analysis 15 January, 2021
GBPUSD Wave Analysis 15 January, 2021

• GBPUSD reversed from resistance level 1.3700 • Likely to fall to 1.3500 GBPUSD recently reversed down from the key resistance level 1.3700 (which has been reversing the price from the end of December of 2019) – strengthened by the...

Motorola Wave Analysis 15 January, 2021
Motorola Wave Analysis 15 January, 2021

• Motorola reversed from powerful resistance level 175.00 • Likely to fall to 170.00 Motorola recently reversed down with the daily Shooting Star from the powerful resistance level 175.00 (which has been reversing the price from the middle of October)...

Nikkei 225 Wave Analysis 14 January, 2021
Nikkei 225 Wave Analysis 14 January, 2021

• Nikkei 225 rising inside impulse waves 5 and (3) • Likely to reach resistance level 30000,00 Nikkei 225 index continues to rise steadily after the price broke above the resistance level 28000,00 (which was set as the likely upward...

Platinum Wave Analysis 14 January, 2021
Platinum Wave Analysis 14 January, 2021

• Platinum rising inside impulse wave (iii) • Likely to reach resistance level 1142,00 Platinum continues to rise inside the impulse wave (iii) which started earlier from the support area located between the round support level 1000,00, lower daily Bollinger...

EURUSD Wave Analysis 14 January, 2021
EURUSD Wave Analysis 14 January, 2021

• EURUSD reversed from resistance zone • Likely to fall to 1,2060 EURUSD continues to fall after the pair reversed down from the resistance zone lying between the major  resistance level 1,2400 (which reversed the price multiple times at the...

EURCAD Wave Analysis 14 January, 2021
EURCAD Wave Analysis 14 January, 2021

• EURCAD broke support area • Likely to fall to 1.5300 EURCAD recently broke through the support area lying between the key support level 1.5420 (low of wave (b) from December) and the support trendline of the weekly Triangle from...

Ford Wave Analysis 14 January, 2021
Ford Wave Analysis 14 January, 2021

• Ford broke resistance level 9,50 • Likely to rise to 10,50 Ford recently broke sharply above the long-term resistance level 9,50 (which has been reversing the price from December of 2019 – as can be seen below). The breakout...

NZDCAD Wave Analysis 13 January, 2021
NZDCAD Wave Analysis 13 January, 2021

• NZDCAD reversed from resistance area • Likely to fall to 0.9060 NZDCAD recently reversed down from the powerful resistance area lying between the long-term resistance level 0.9255 (which has been reversing the price from the middle of 2018) and...

Sugar Wave Analysis 13 January, 2021
Sugar Wave Analysis 13 January, 2021

• Sugar reversed from support area • Likely to rise to 16.26 Sugar recently reversed up from the support area lying between the key support level 15.50 (former monthly high from November) and the 38.2% Fibonacci correction of the upward...

EURCHF Wave Analysis 13 January, 2021
EURCHF Wave Analysis 13 January, 2021

• EURCHF reversed from resistance area • Likely to test next support level 1.0785 EURCHF continues to fall after the price reversed down from the resistance area lying between the resistance level 1.0870 (which has been reversing the price from...

Amazon Wave Analysis 13 January, 2021
Amazon Wave Analysis 13 January, 2021

• Amazon reversed from key support level 3070.00 • Likely to rise to 3356.00 Amazon recently reversed up with the daily Doji from the support area lying between the key support level 3070.00 (which has been reversing the price from...

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Brokers News

Trading schedule changes on Martin Luther King Jr. Day
Trading schedule changes on Martin Luther King Jr. Day

On January 18th, 2021, the trading schedule for several instruments will be changed due to Martin Luther King Jr. Day in the USA. The above schedule may be subject to change.You can see more information on the trading schedule here:...

New lower trade sizes on Spot Indices!
New lower trade sizes on Spot Indices!

We are pleased to inform our traders that FxPro now accepts lot sizes from 0.01 and upwards on all of our global CFD indices (with 1.0 lot being equal to 1 index). This means that you can now trade as...

Important information regarding Brexit
Important information regarding Brexit

The transition period for the UK to effectively leave the European Union ends on the 31st of December 2020. We would therefore like to inform you of what this means in terms of the services we provide to you. General...

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Brexit

Pound Optimism Fades Along With Brexit Glow for Asset Managers
Pound Optimism Fades Along With Brexit Glow for Asset Managers

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the...

The Brexit deal leaves the future uncertain for financial services — here’s what is at stake
The Brexit deal leaves the future uncertain for financial services — here’s what is at stake

Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document...

UK and EU strike historic post-Brexit trade deal
UK and EU strike historic post-Brexit trade deal

Britain and the European Union agreed Thursday on new Brexit trading arrangements more than four years after the U.K. voted to leave the bloc, narrowly avoiding a potentially disastrous no-deal scenario. The two sides reached a “zero tariff-zero quota deal”...

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26/01/21 | 15:00 (GMT)
USD | CB Consumer Confidence (Jan) !!!
EURUSD 1.21349
GBPUSD 1.36597
USDJPY 103.725