Forex Forecast for January 2019

Prediction for instruments: ,,,,,,,,, bitcoin, gold, oil ,,

The downward correction on the Russian ruble usdrub stopped at the support level of 65.15 and started to rise. In terms of crude oil, Brent continues without a correction of the fall in prices, which slows the decline smoothly and turns into a layer of volatile consolidation.

According to the US dollar, a correlation is established with the majority of the USD majors. According to the dollar index, the upward trend could not break the 96.60 level of resistance, which has repeatedly reduced prices over the course of the year.

The downward trend in Xauusd stopped at the historic support level of 1203 – 1183 and rebounded sharply. At the end of the year there was a breakdown of the historical support levels of 5910 – 4661, which are currently playing the role of resistance.

Detailed forex forecast for January 2019, see the video. Kind regards, Artem Geliy is a technical analyst and author of the Gel Trading project.

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