AUDUSD reversed from resistance area Further losses are likely AUDUSD recently reversed down from the resistance area lying between the pivotal resistance level 0.7340 (which has reversed the price multiple times from the middle of August) and the upper daily Bollinger Band. The resistance zone near the resistance level 0.7340 was further strengthened by the […]
Silver falling inside short-term impulse wave (v) Further losses are likely Silver continues to fall inside the short-term impulse wave (v) –which started earlier from the resistance area lying between the key resistance level 14.60 (lower boundary of the sideways price range which has reversed the price multiple times from October). The resistance near the […]
The crypto market switched to a corrective upturn, apparently, market participants decided that the prices actually reached the “bottom”, after which the value of the benchmark cryptocurrency – bitcoin (BTC) – could no longer decline. Over the past 24 hours, the Bitcoin jumped by almost 9% and is trading above $ 4400. All altcoins immediately […]
The market is demonstrating positive dynamics, and the risks are somewhat minimized. However, there are too many hopes in regard to the policymaker’s actions. Firstly, the meeting of the leaders of China and the USA has triggered high hopes in the market. Earlier this year it seemed that the parties had reached a mutual understanding, […]
Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled between positive and negative territory in early trade, as more evidence […]
Within the past 24 hours, the crypto market has added $19 billion to its valuation as the price of Bitcoin (BTC) surged to $4,300. After dropping to the low $3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed […]
Sugar rising inside short-term wave 2 Further gains are likely Sugar continues to rise inside the short-term corrective wave 2, which started earlier from the support area lying between the support level 12.50, lower daily Bollinger Band and the 38.2% Fibonacci correction level of the previous upward impulse wave C from September. The active short-term […]
GBPAUD broke key support level 1.7500 Further losses are likely GBPAUD today broke below the key support level 1.7500 (which stopped the previous impulse wave (i) earlier this month and also at the end of August, as can be seen below). The breakout of the support level 1.7500 continues the active short-term impulse wave C […]
The dollar was significantly affected by the words of the Fed Chairman on Wednesday. The dollar index has dropped by 0.9%, in response to Powell’s comments that the Federal funds rate is “just below” the neutral level. These words were perceived as dovish compared to what the Fed Chairman commented in early October. The weakening […]
Nasdaq — the world’s second-largest stock exchange — plans to roll out bitcoin futures in the first quarter of 2019 through a partnership with investment management firm VanEck. Gabor Gurbacs, VanEck’s director of digital asset strategy, said the companies will launch a variety of bitcoin derivatives in early-2019, including a “regulated crypto 2.0 futures-type contract.” […]
For some it’s a blessing, for others it spells trouble ahead, but one way or another, the oil price drop will have an effect on emerging markets. After hitting a nearly four-year high above $86 a barrel in early October, Brent crude, LCOF9, -0.17% dropped like a stone, trading temporarily below $60 per barrel, as […]
A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero […]
USDCAD broke strong resistance level 1.3280 Further gains are likely USDCAD today broke sharply above the strong resistance level 1.3280 (high of the previous wave 2 – which also previously reversed the pair in the middle of November, as can be seen below). The breakout of this resistance level continues the active short-term impulse wave […]
Platinum broke support area Further losses are likely Platinum recently broke through the support area lying between the key support level 834.00 (low of the previous wave A), support trendline of the daily up channel from August and the 38.2% Fibonacci correction of the previous ABC correction (A) from August. The breakout of this support […]
Despite weakly start, the US stock indices have increased by 0.3%-0.4% on Tuesday, showing signs of a rebound. The meeting of the leaders of the USA and China in the upcoming weekend has sparked a positive market sentiment. However, we believe that one should not heavily rely on this meeting’s outcome. None of the parties […]
Half of Sweden’s retailers predict that the country will stop accepting cash by the end of 2025, the New York Times reported. Sveriges Riksbank, the central bank of the country, is already testing a digital currency called the e-krona. Could the declining usage of cash in Sweden lead to a potent market for crypto? The […]
The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. Bakkt, a cryptocurrency exchange built […]
A sweeping correction of the cryptocurrency market continues. BTC has fallen by almost 8% in the last 24 hours and is currently trading below $3,700. The benchmark price for the cryptocurrency proved to be under $3,500 at which point it received support, as predicted. The cryptocurrency made a rebound to $4,000, which indicated the beginning […]
GBPNZD falling inside wave (b) Further losses are likely GBPNZD recently reversed down from the major resistance level 1.8950 (former key support which has been repeatedly reversing the price from the middle of February, acting as resistance after it was broken by the previous impulse wave (c)). The downward reversal from this resistance level started […]
Copper falling inside short-term ABC correction (ii) Further losses are likely Copper recently reversed down sharply from the resistance area lying between the key resistance level 280.00 (which has been steadily reversing the price from the end of July), 38.2% Fibonacci correction of the previous downward impulse from June and the upper daily Bollinger Band. […]
European Central Bank President Mario Draghi defended the bank’s move to start phasing out its easy-money policies against criticism from European lawmakers that it is moving too soon as eurozone economic growth slows. The central bank has been treading a cautious path in recent months, seeking to start winding down its EUR2.6 trillion bond-buying program, […]
Palladium reversed up from support area Further gains are likely Palladium recently reversed up from the support area lying between the key support level 1100.00, spport trendline of the daily up channel from September, 50-day moving average and the 61.8% Fibonacci correction of the previous upward impulse 1 from the end of October. The upward […]
NZDJPY reversed up from the key support level 76.20 Further gains are likel NZDJPY recently reversed up from the key support level 76.20 (low of the previous Japanese candlesticks reversal pattern Morning Star from the start of this month). The upward reversal from this support level continues the (b)-wave of the active medium-term ABC correction […]
In just a week, oil fell by 12%. Since its peak level in October, oil has lost almost a third of its value. This decline has not remained unnoticed in the global markets, as S&P 500 closed last week at lows seen back in May. Although cheaper crude oil may spur economic growth, its abrupt […]
Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, according to the third-largest mining pool. In an interview with CoinDesk, Mao Shixing, founder of F2pool, said his firm’s estimate takes into account the total network hashrate drop and the average hash power of older […]
Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks. Front-month Brent crude oil futures LCOc1 rose $1.31, or 2.2 percent, to $60.11 per barrel by […]
In the past seven days, the crypto market has experienced a drop of more than $63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $4.300 to $3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase […]
In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around […]
Brent Crude Oil falling inside sharp impulse wave 5 Further losses are likely Brent Crude Oil continues to fall in the sharp short-term impulse wave 5 – which belongs to wave (C) of the strong extended downward ABC correction ② from the start of October. The price today broke through the key support level 61.70 […]
AUDJPY reversed from key resistance area Further losses are likely AUDJPY recently reversed down twice from the combined resistance area lying between the key resistance level 82.40 (monthly high from September and October), 200-day moving average and the upper daily Bollinger Band. The latest reversal from the aforementioned resistance area created the daily Japanese candlesticks […]
