The euro was one of the worst performers last Friday and continues to head into negative territory. At the weekly view, we can see that the pair is in a long bear trend while moving averages suggest this to be the case as well. Brexit only worsens this as key votes will occur today and tomorrow on whether or not the UK will be able to strike a deal with the common...
BTCUSD is now enjoying the longest bull market since the 2017 bull market where prices reached $20000 USD per BTC. In spite of this, moving averages at the daily level still assert we are overbought and most traders are net long on BTCUSD, although Daily FX's sentiment analysis suggests that because of the change that sentiment still suggests a bullish run...
An April 12th deadline is now looming above the heads of Europeans and the British as the UK find themselves situated as the estranged husband who refuses to sign the divorce papers. Right now there are six main scenarios: 1)Revoking Article 50 and cancelling Brexit 2)Another referendum 3)May’s deal plus a customs union 4)May’s deal plus both a customs union and...
But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for. For more content, please check out www.anthonylaurence.wordpress.com
Oscillators and exponential moving averages suggest a buy. If you're a trend trading, this one is an obvious long. Short when price action meets downward sloping resistance. Find more of my analysis with more words at www.anthonylaurence.wordpress.com
Although we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly...
The USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which...
The Thai baht over the past week started out the week sideways, but like the Singapore dollar ended the week up. This pair is a bit more impacted recently from political risk surrounding its election and because of this we may see more volatility not related to technical or fundamental components. Nonetheless, its important to keep in mind the overall trend...
While USDSGD began the past week of trading with a downward moves, these were quickly reversed by the end of the week and the price ended up where it started: Clearly, traders can see over the past few months that USDSGD prefers to trade within its range of horizontal resistance at around 1.3612 and of support between around 1.3442 and 1.3473. Bull bear indicator...
There are a number of fundamental components that caused USDJPY to collapse on late Friday trading at the end of the North American session. Traders became spooked by the yield curve inversion which tends to be a sign of an impending recession. Traders were also not very happy with dovish Fed speak earlier in the week, chaos around Brexit, and no respite from the...
Clearly, the dollar is gaining against the Canadian dollar and long USDCAD is a bit crowded at the moment. Moreover, we have upcoming Canadian economic growth (GDP) coming out this week which is expected to be stronger than the previous period at 1.5 percent from 1.1. percent. That is still pretty weak though, it doesn't come out until Friday, and there is plenty...
There are plenty of technical reasons to avoid AUDUSD. Nearly all exponential moving averages, which more heavily weigh the more recent days than the ones further away, point towards a continuation in the downward trend. The bull bear power index also indicates that AUDUSD long is an overcrowded trade. Indeed, data from DailyFX backs up this claim with its data...
Next week will give traders a better idea of just how bad and just how quickly we'll get to a no deal Brexit which is looking increasingly likely as days progress. Cleraly, euro long is an overcrowded trade with moving averages showing a downward trend. Political risk from Brexit will obviously weigh next week as well. More words on why Brexit will hit markets...
If you're a momentum trading loving moving averages, US indexes, particularly the SPX500 is for you. If you're more an oscillator guy, then its understandable how frustrated you may be lately. That said, we could be looking at former resistance as support, but we havn't yet touched previous resistance for this to be the case yet. Although, we are staying above it...
This one is pretty self explanatory. Almost all exponential moving averages tell you that we are beginning to continue to trend down. Furthermore, our bull bear sentiment indicator tells us the trade is overcrowded. We also know its overcrowded from data released by IG and distributed by DailyFX. Not much else to say beyond this other than if you like your money...
If you are a trend trader, then bet on the dollar increasing in value as we progress towards the middle of the year. If you are looking for a top, I am not confident we are there yet.
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here: anthonylaurence.wordpress.com