S&P 500 fell 0.94% during yesterday’s session as investors’ concerns deepen over the U.S.-China trade tensions and slower global economic growth.
For instance, The Dow Jones Industrial Average DJIA fell -0.87%, while the Nasdaq Composite Index COMP moved 1.18% lower.
CNBC reported that a meeting between President Donald Trump and China’s Xi Jinping will...
Today’s analysis for the USD/TRY starts from a look at the daily chart to get an idea of what the medium-term outlook is like. From the daily chart shown below, a key price level which is now acting as a medium-term resistance is identified.
This is the site at which price found support three times in December 2018 (1, 2 and 3), as well as once in January 2019...
Ripple (XRP/USD) is preparing for a bigger move. The technical picture suggest that, similarly to BTC, the XRP may break down in the following days.
On the fundamental side, the Ripple completed a huge transfer of 1 billion of XRP two days ago, currently worth around $295 million. The transaction was sent from one of the company’s escrow wallets to an unknown...
Apart from the speech of Fed Chairman Powell which comes up at 7pm EST, not much will happen on Wednesday February 6, 2019 for the EUR/USD in terms of news releases. This provides an opportunity for exclusive use of technical intraday plays for this currency pair. Overnight, the Euro lost ground against the USD, and is now trading at 1.1389 to the greenback. The...
A couple of days ago, Bitcoin officially entered the zone of the longest stretch of declining prices, surpassing the previous streak of 2013 - 2015. Since making the $19,764 high on Dec. 17th, the world’s biggest digital currency has spent the last 415 days in decline.
The outlook for the bulls doesn’t get much better. Since the break of the descending triangle...
The market sentiment for ETH/USD favors a short-term uptrend move, pushing up from the lower channel boundary on the 1-hour chart which serves as the short-term support for today’s price action. However, upside movement will face a number of headwinds, and buying activity needs to pick up for price to attain the upper channel boundary. The boundaries of the...
S&P 500 has moved 0.61% higher in today’s session as tech shares rally. The beginning of the week has proven to be quite eventful ahead of another week of high-profile earnings and more rumors surrounding the US - China trade talks.
In total, 97 members of the S&P 500 index are due to report their earning this week, thus caution is warranted. Moreover, the...
The market sentiment for BTC/USD continues to favor a downtrend, as price has consistently failed to push higher than the $3,500 minor support-turned resistance since late 2018. Furthermore, a lack of positive news for Bitcoin will continue to weigh on the number 1 cryptocurrency, as far as this week concerned.
The resolution of the bearish flag pattern is for...
Gold has continued to move higher during this last week. Since August 2018, the price has been trapped within a parallel channel before breaking the resistance of the channel in the last week of December. Following the break, the price has been moving higher to the point when it touched $1,326 last week, which represents a 9-month high.
Before that, the price had...
Let's not forget the massive support we have in the $3K area.
On the week of September 11, 2017, BTC/USD saw its highest-volume bullish daily candle in history, opening at $3K and closing almost $1,500 higher. Without a doubt, there is massive interest in buying at this level - and very likely institutional.
All this to say, $3K support will not fall easily. In...
