Bitcoin price slides another 5% today as the civil war raging within Bitcoin Cash continues to impact cryptocurrency markets and altcoins taking hits topping 10 percent November 19. Data from Coinmarketcap showed a gloomy picture for altcoin investors at press time, the top twenty assets by market cap all in the red, pushing the entire […]
Investors are the most bearish on the pound since the U.K. voted to leave the European Union as markets brace for the possibility of a no-confidence vote in Prime Minister Theresa May’s leadership. The Sun newspaper reported that 42 lawmakers have sent letters of no confidence against May, with six more needed to trigger a […]
After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation. The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance level BTC will have to surpass to potentially eye a rally to $5,800 and potentially […]
The past week has been stigmatized by three major falls on oil, bitcoin and the pound. However, this trio seems to have managed to return back to stability. Oil collapsed on Tuesday. WTI fell by more than 7% on that day, which was the 12th consecutive steady decline, making it the longest series in modern […]
Silver reversed from combined support area Further gains are likely Silver recently reversed up from combined support area located between the key support level 13.90 (which also previously stopped the sharp downtrend in September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning […]
EURNZD reversed from key support area Further gains are likely EURNZD recently reversed up from the key support area lying between the major, long-term support level 1.6570 (which reversed the pair sharply in January and in June, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support area […]
The code for Bitcoin cash’s hard fork has been activated. With neither side of the contentious debate leading up to the hard fork willing to come to a compromise, two competing implementations of the protocol have now been activated. However, it’s unclear at this juncture which of the two will become the dominant software of […]
The British pound lost about 2% on Thursday, as Brexit talks provoked a number of ministerial resignations. Meanwhile, stocks of British banks were under threat, as the declared parameters of the deal would negatively affect their influence in Continental Europe. The GBPUSD pair has returned to the bottom, trading near this year’s lows. The focus […]
The global economy took another blow this week, with Germany and Japan – the world’s third- and fourth-largest economies – both showing contractions in the third quarter and renewing fears of a synchronized slowdown. Trade wars are dragging on, the falling oil price opened a new front of concern and Asian leaders are worried that […]
Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. “We manage risks. If prices fall, we will work on increasing our market share,” Sechin said, adding that if prices continued their current slide, Rosneft would focus on maintaining and expanding its […]
GBPNZD broke strong support area Further losses are likely GBPNZD recently broke through the strong support area lying between the key support level 1.9080 (which reversed the price in August) and 1.8920 (which has been reversing the price from February). The breakout of this support area accelerated the active impulse wave (c) which is a […]
Palladium approached resistance area Downward correction is likely Palladium is currently trading close to the strong resistance area lying between the major, long-term resistance level 0.6750 (which stopped the previous sharp up trends in January and October) and the upper daily Bollinger Band. The active impulse wave 3 belongs to the medium-term impulse wave (3) […]
The safe harbour of cryptocurrency has eventually sunk under the volatility wave, which triggered a massive collapse of all crypto coins. During the peak of this decline, market capitalization has shrunk by $30 billion. During the last 24 hours, Bitcoin’s price has lost almost 13%, trading at around $5,500. On the morning of November 15,2018, […]
There was a positive sentiment on Thursday, at the start of the trading day. However, as we saw in the past five trading days, the positive morning vibe was gone by the midst of the American session. Markets retain the pressure against the stocks of high-tech companies, which in turn pushes indices down. It can […]
The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against […]
Bitcoin price finally broke through $6,000 support, falling as low as $5,500 with the price still volatile at press time. As Bitcoin (BTC) price has flatlined as of late, one could say that it was a welcome sight to have some action and volume. The bad news, however, for those long BTC price was that […]
Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up. From stocks and bonds to currencies, assets worldwide are gripped by a crude awakening. Monday saw oil’s largest one-day drop in three years, securing its longest losing streak on record. […]
This week’s crypto downturn forced the cryptocurrency market cap past an uncomfortable milestone on Wednesday, with the cryptocurrency market cap dropping below the $200 billion mark a day ahead of the contentious Bitcoin Cash hard fork. The crypto market had traded as high as $220 billion on Nov. 7, about the time many bulls were […]
Natural Gas rising inside sharp impulse wave (5) Further gains are likely Natural Gas has been rising sharply in the last few trading sessions – breaking through two major resistance levels – 3.600 (yearly high from 2018) and 4.000 (yearly high from 2017). The breakout of these resistance levels greatly accelerated the active impulse wave […]
NZDCHF rising inside impulse wave 5 Further gains are likely NZDCHF continues to rise inside the short-term impulse 5 which started earlier from the support area lying at the intersection of the key support 0.6750, 200-day moving average and the upper trendline of the daily up channel from September. The active impulse wave 5 belongs […]
Brent Crude Oil fell by 5.7% on Tuesday, sinking below $65 per barrel. American WTI is close to $55.50, the lowest value seen in the last year. Investors have shifted their focus away from the fears of decreasing oil shipments due to sanctions against Iran, as there are many countries on the horizon who want […]
Over the last 24 hours, the crypto market has seen a drop of $3 billion from $212 billion to $209 billion, as major cryptocurrencies including Stellar (XLM) and Cardano (ADA) have fallen by 3 to 6 percent. Peculiarly, Stellar and Cardano are amongst three cryptocurrencies alongside Zcash that are expected to be integrated into Coinbase, […]
Oil’s slide accelerated on Tuesday, with U.S. futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and sell offs across other asset classes, including equities. Oil prices were hit on Monday after U.S. President Donald Trump put pressure on the Organization of the Petroleum Exporting Countries […]
WTI falling inside weekly C-wave Further losses are likely WTI has been sharply in the last few weeks inside the C-wave of the medium-term ABC correction (4) from July – which started when the price reversed down from the major resistance level 75.00. The price is currently approaching the next key support level 58.00 (low […]
AUDNZD falling inside impulse wave (v) Further losses are likely AUDNZD continues to fall inside the short-term impulse wave (v) which started earlier from the key resistance level 1.0780 (former strong support from October, acting as resistance after it was broken recently). The active impulse wave (v) belongs to the short-term impulse wave C of […]
Major cryptocurrencies lost about a percent at the start of the new week, but they are in general demonstrating enviable stability. As expected, the stability of BTC has contributed to its widespread use as a means of payment. There have been daily mass media news releases about the adoption of BTC to pay for goods […]
Asian stock markets saw volatile trading Tuesday following Monday’s rout, led by tech stocks, on Wall Street. Every sector in Japan’s stock market turned lower as the Nikkei NIK, -2.06% dropped more than 2%. Investors were quick to react to the U.S. losses, especially among suppliers linked to Apple’s AAPL, -5.04% iPhone. TDK 6762, -6.27% […]
The Dow Jones Industrial Average early Monday was trading near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices CLZ8, +0.90% which fell into bear-market territory, defined as a drop from a recent peak of at least 20%. And while that threat has stabilized […]
EURNZD falling inside weekly wave (4) Further losses are likely EURNZD has been falling in the last few trading sessions inside the sharp corrective wave (4), which broke through the combined support area lying at the intersection of the round support level 1.7000, 50-week moving average and the weekly support trendline from the start of […]
Gold broke support area Further losses are likely Gold continues to fall after the recent breakout of the combined support area lying at the intersection of the key support level 1210.00 (former major resistance from August and September) and the 50-day moving average. The breakout of this support area should accelerate the active short-term corrective […]
