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WTI / Crude Oil / US Oil Technical Analysis


[Image: WTI-_Bearish-_Trend-_Short-_Term.png]

[Image: audchf.png]

AUDCHF find a new resistance on previous high and MA level around 0.7396 range,  the market trade with a range between 0.74444 - 0.7266 range on last few days,
the market some bullish after get direction to bearish on support level or breaks the resistance range to continue to huge bullish movement possible on coming days.

Bank of Canada Governor Stephen Poloz spoke to CNBC about cryptocurrencies today and he's clearly not a fan, even of the nomenclature.

"I'm not really sure what they are, they're not assets. I suppose they're securities, technically," he said. "There's not really an intrinsic value that you can analyze so they're not assets."

He warned people to stay away from them.

"Buyers should beware, it's much closer to gambling than investing," he said.

At the same time, he said that if Canadians wanted a digital currency, the central bank could do it.

"No one is in a rush. It's more a question of 'when would it be needed' because right now, cash is still doing its job as it always has," he said. 

On the larger technologies, he said distributed ledgers were "a true piece of genius" and something that's "truly huge" but it's not something that will be part of a central bank currency. It has applications in other areas.

He was asked about a potential crash and said the central bank isn't particularly worried about the broader economy but wants to protect consumers.

"One parallel we could draw would be the tech wreck. When we had the tech wreck, that was a much more widespread exposure. And the fact it had barely had perceptible effect on the real economy because it was not a stock market crash but just a segment of the stock market. But it was highly speculative, there was all kinds of bubbles there," Poloz said.

"So I think if you take that experience to heart, if something like that were to happen in the cryptocurrency space, it would probably be smaller today ... It certainly has the potential. I don't want to minimize the risk that you raised because any mania has the scope to get much bigger."

He said regulations will eventually come.                                       

"We will be developing regulations around this space in due course. But what we are being careful to do here is to not stifle innovation," Poloz said.

[Image: gbpchf.png]

GBPCHF trade with range  market and also a flag pattern move, here find a resistance on 1.3570 and support find on 1.3259 range. if breaks the support or resistance the market huge move will occur on breaking side, there more chance to breaks the resistance to bullish the market.

[Image: nzdjpy.png]

NZDJPY currently trade with 81.36, the market trying to break the previous high resistance around 81.22 range, the support find a 79.72, if breaks the resistance the trend will continue to bullish or else the trend will be change to bearish on testing on support.

House-passed bill to avoid a government shutdown sinks in the Senate as funding deadline passes

  • A House-passed stopgap bill that would avoid a government shutdown fizzled out in the Senate late Friday night.
  • The White House blamed Democrats for the measure's failure, even as four Republican senators opposed it.
  • Senate Majority Leader Mitch McConnell said he will offer an amendment to extend government funding until Feb. 8.
Source From: CNBC News

The US government has begun a federal shutdown after the Senate failed to agree on a new budget.

Despite last minute bipartisan meetings, the bill to fund the government until 16 February did not receive the required 60 votes.

It is the first shutdown ever to happen while the same party, the Republicans, controls Congress and the White House.

In response, the White House accused Democrats of holding "lawful citizens hostage over their reckless demands".

Read more: BBC News

[Image: audjpy.png]

AUDJPY currently trade with a 86.13, here find MA resistance level around on 86.41 range, the market trade only bullish on last few days there may be chance to some bearish movement on the resistance level around 86.41 rance or breaks the resistance to continue bullish to next resistance level on 87.24 range and the pair have a support on 85.49.

[Image: NZDCAD.png]


NZDCAD currently trade with an a 0.8845 range, yesterday some reversal give to more bearish, the resistance find on 0.8936 and next resistance find on 0.9190 ranges, last few day market trade with in bearish trend, nov17 find a reversal pattern candle formed and its possible to testing on resistance level and support also that level on 0.8670. the market maybe chance to reversal to bullish coming days.

[Image: usdchf.png][Image: usdchf.png][Image: usdchf.png]

USDCHF currently trade with range on 0.9890, here find a strong support level MA on around 0.9868 and next support level find on 0.9820 range, the resistance find on 0.9970 last high level. there except more to bullish on support level or if breaks the support level it's huge bearish continued is possible.

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