Unfortunately, the same thing possibly happening in the USA (COVID-19 DEATHS US) has already happened in India: there was a flattening of the curve but as of week beginning 15th June 2020 the percentage change of deaths is 36.74% matching what it was in week beginning 11th May 2020, 36.75%, and so dispelling any notion of a flattened curve.
Week beginning June 15th, all that' s left is an unfortunate 1500 US Deaths from COVID19 before the 'flattened curve' potentially becomes a plateau. COVID-19 DEATHS_UK showed a similar but earlier pattern but it would be an anomaly in reporting, perhaps, if the chart wasn't pulled from TradingView.
Here on the NZDUSD, we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short.
Weekly Resistance...
Here is my analysis and view on the coming week. I've used the 1 day & 4 hour charts. As the death tolls across Europe are slowly declining, the European stocks and economy is regaining strength which inevitably means the Euro (EUR) will rise.
Using the 4 hour & 1 Hour charts. I can see towards the tail end of last week the market started consolidating. However, we saw throughout the week a strong bullish trend, as hope around COVID-19 restrictions easing and economic hope, I believe we will see some strength in the Sterling. Using technical indicators, the Stochastic is showing the market is overbought...
7200 is anchored(strong-strong resistance below), now looking for a 7300-7400 confirmation...
All timeframes are screaming BUY signals but the 4H-1D(expecting them in a day or to).
Just one or two more (1-2%) corrections and the bulls will be set free for the corRrRrRida!
Something big is coming...
Litecoin block reward is dew to reduce from 25 LTC reward to 12.5 LTC.
Litecoin has been a very well performing coin this year with some good gains.
LTC is currently is sitting is a nice buy range with the upcoming block reward halving this will push the price of LTC higher.
Could this be the last time we see Litecoin in the 0.009 range and say hello to the...
