As we can see in this chart, the bitcoin mania keep pushing prices higher, however the market structure show that the overall situation is far from an equilibrium. Major equilibrium price level stay below 4000, and a even bigger equilibrum level stay below 2000 price level. We don't know when the bubble will burst, and as for now, the market keep looking like a...
Seems like UsdJpy is finally ready to push higher and finis this long lasting retrace! Fasten your seatbelt
UsdJpy is in a downwave mode (retrace) from the beginning of 2017. It is now however looking a little bit bored of it, and it will have to breal 115.40 level in order to end the downwave. Will it do it?
The pair has been on a bullish trend for the whole January. At the beginning of February however, such trend has been broken. Right now NzdUsd stay in a retrace, and a major uptrend will develop on the break of the 0.7337 resistance level. Our models suggest to buy the market after the break of 0.7337 level , with a first target at 0.7485.