After seeing increasing selling power on CHFJPY early November I researched the source and discovered that all major currencies were working something out, similar to one year before. Quite quickly it became clear that a similar series of event would take place in the next 4 to 8 weeks.
The currency pair USDJPY seems to be leading the series of events by...
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't...
For the last few days we are observing on DAX a strong fall without correction. On session in November 13th price has touch support level and bounced up for near 150 points and drew bullish pinbar, but this didn't stop further price dropping. Today price has tested once again support level and went lower where buyers came out. This could beclassic hunt for stop...
After yesterday's increase in price, LTCEUR has dropped to a 1.6 fibb level, below the initial support level. It then tested that resistance and failed to break it. Does this mean LTC is about to drop even lower or will it continue the path we saw yesterday? Let me know your thoughts. Any questions/comments are much appreciated!
Cheers!
AUDUSD unexpectedly turned at 0.7880 and is going back to support level near 0.7750. In our previous analysis we have expected that price will go at least to lower boundary of resistance zone at 0.8840 but that did not happen. Price could break support level and go lower. In this scenario we are expecting that price back and test broken support level (this will be...
If BTC continues along this pattern repeat it looks like we have yet another big drop incoming before BTC can see a full Bull Market again. This would be the 4th time this pattern has repeated this year
I have been follow fomc event and after trade and it is very interesting of seeing how change it process each day
but i will say that it is mostly ending up trend according to the slowly pace in this morning
most likely move this is the highest high or if it higher I think it should not be more than 100 points the most
as the previous high 1.19600 is the highest...
BTC and LTC seem to be acting differently in terms of Volume. I believe BTC is too expensive and not attractive to buyers and sellers. LTC and even VTC seem to be taking over for now. LTC should reach in the thousands at this rate because of its attractive price points.
The yellow arrows are pointing out a pattern in which history has repeated itself however the...
The Ethereum blockchain has been released in 2015 and is therefore still very new to the vast majority of the public. However, sharp rises in value recently have caused more and more news stations to pick up on this topic, publishing more and more articles about it. The consequence was that many could in fact see that there is a huge potential behind this...
If you look to the Bitcoin currency from the 1-st of January 2016, you will see a regular pattern: price was dropped to the MA20 every time when the new bubble bursted.
To my opinion this correction is necessary for healthy bitcoin growth.
Only one thing can break this rule: the SegWit. It can start agressive growth of the price from 1-st of August, but one day...
