Bitcoin has formed the flag and broke the trendline. Now, the asset is trying to break the level of 23500. Bitcoin is on the rise and might hit the level of 25500 soon.
Gold has pulled from the downtrend and dropped. The asset is likely to pull back from the broken monthly trend denoted by the thick blue line on the chart and face resistance at the level of 1800.
The currency pair EUR/USD broke the local uptrend resembling a bearish flag.Currently, the asset’s price is trying to remain behind the broken pattern and might jump soon. So, let’s wait and see what is about to happen next.
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Written by Oleg Svirgun
Oleg has been trading on the Forex market for more than 10 years. He specializes in technical analysis with the oriental elements of candlestick analysis and has an extensive knowledge of all foreign exchange market trading aspects.
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Source: Tickmill