EURUSD is currently heading towards channel resistance and 78.6% fib level i will be looking for sell opportunity targets could be 1.1300 and 1.1250 for next week.Trade at your own risk.
Italy has until Tuesday to submit a revised budget draft to the EU. Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target. The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with...
BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive $0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not...
Hi Crypto Friends, Check out my latest BTC's analysis. I do not use any technical indicators, I only drew a few important milestones concerning BTC Futures and ETF. I will update this TA regularly. If I missed any important event, leave me your comment. I will add it into the chart.
What's up guys, Young Shkreli in the building If you know me, you know that I believe the economy is in a bubble and with interest rates rising, the credit in the economy is going to be reduced meaning less demand and therefore lower prices for your stocks on average. AMZN is going to be hit hard when this bubble bursts. Don't get me wrong, Amazon is a great...
The technical consolidation that has been ongoing throughout the past few weeks maintains a neutral outlook on EUR/USD. In the wake of the ECB last Thursday, there looked to be the prospect of some direction forming, but there was a degree of stabilisation with Friday’s mild positive candle and the sellers could not breakaway. Although there is a very slight...
As long as no human-intended sell-off takes place within an instrument, the TA is a useful tool. It can give us direction and show tendencies. Markets always tend to be led irrationally. This is true in both directions. However, the planned sell-off has already taken place and we only have to look at the fundamental values in order to invest successfully. To...
Hello everyone. This market is looking so incredible I just had to post. If you're not adding to your XRP position, you seriously need to look at yourself in the mirror and ask yourself why not. Awesome descending wedge will force alot of people's hands in the coming weeks. BTC is consolidating nicely. Hopefully, we'll get another little riser, then a nice...
Bitcoin almost exclusively moves parabolically with higher highs and higher lows. The tops of each bubble are very hard to predict, but the lows are usually a little bit above the previous high. The 2013 bubble started from around 130$ with a top at around 1200$, then price fell to low of around 170$, the we had the peak of around 20,000$. It is likely that the...
SSW looking to breakout from 1 year base on a 10% short float with big volume. Some value here too trading at half its book value of 14.33 and with a price/earnings ratio of only 8.3 + strong earnings momentum over the last 5 quarters, also paying dividends 7.1% (forward) yield, dividend growth rate 5yr + 27.59%. With that said i think with a break of this range...
How's it going fellow crypto heads! Today were going to take a rather quick look at NEO and a few of the technical aspects along with a quick snipit on the fundamentals on why I've remained bullish on the project for quite some time. Technicals Semi long term trend established april 6th, return to trend likely by May 5th Whether we break through the bottom...
With the dollar gaining across the board on other majors USDJPY is bucking its head at this level of resistance. I started in short at 107.56 with a stop at 108.10 in anticipation seller supply will rule in the short term and take price back to the bottom of the range around 106.60's. Will add to winners as market confirms direction. The main struggle will be...
BTCUSD technical analysis as of April 13, 2018: As it is shown on the chart, the price of bitcoin is currently trading slightly below 8K USD and approaching a strong level of support at ~8.2K. As according to the assumption made earlier on March 25, 2018 - the price of bitcoin was expected to be traded in sideways consolidating between 8K and 9K - this projection...
- The bears are strong these days - Price is moving in a descending channel - Support didn't hold - Listing on Bithumb on 2/4 pushed price back to last support where it was rejected the next day - Only news can change momentum - Without news price will travel towards the lowest line of the channel - 1st target to break: support - 2nd target to break: upper line...
At the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward Multiple of signals are pointing to lower prices in gold and silver as we discussed in our previous post but really nothing happened,well at this moment current price is way below than our entry...
Hello, I'm back. Let's recapitulate the events in this wonderful world of cryptocoins: 1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great....
Last week's tariff announcement put a damper on the most recent Dollar rally. Currently facing areas of significant resistance, beginning this weeks trading with a gap down. I'm tentatively Bullish, only because the fundamentals sort of support it, however, the technicals which matter are still strongly support a Bearish dollar. We will have to wait and see for...
30 minute chart vs BTC, breaking through resistance of descending triangle fromed after recent bull run, good volume increase as well