Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, November 30, 2017
Long-tail Pin Bar On BTCUSD Daily Chart Suggests Trend Reversal / Currencies / Bitcoin
By: Submissions
Bartosz Kali writes: After a phenomenal and very surprising run, the price of Bitcoin in relation to the US dollar is showing signs of retreating into a inevitable correction.
On a daily chart of BTCUSD as shown by price data from Bitstamp, we can clearly see a long-tail Pin bar indicating a trend reversal.
Long-tail pin bars are usually an indication of a strong rejection of a bullish run by the market and it is very often followed by a period of trend reversal.
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Thursday, November 30, 2017
US Dollar Index Monthly Chart / Currencies / US Dollar
By: Austin_Galt
5 point broadening top in play with recent low at 91.01 likely the point 4 low. If correct, price now headed to point 5 high. Could even develop into very bearish 7 point broadening top in time.
Recent low around support from the 88.6% angle of the bullish Fibonacci Fan and the 76.4% angle from the bearish fan. Next resistance likely to be around the 88.6% angle from the bearish fan.
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Thursday, November 30, 2017
Three USD Markets Point One Way! / Currencies / US Dollar
By: Enda_Glynn
Hi everyone,
We got an indication today of how much the idea of Bitcoin has penetrated society.
FOMC member Dudley says that the Fed is starting to think about its own digital currency.
I found that ironic,
Seen as the lions share of FIAT currency itself is digitally generated
through credit emission in the banking system and monetized government debts!
Simply put;
The USD is the biggest digital currency, and it dwarfs bitcoin by several orders of magnitude.
It seems that the FED itself does not realize its own game.
Wednesday, November 29, 2017
GBPJPY Failed To Break Below 146.93 Support / Currencies / British Pound
By: Franco_Shao
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation of the uptrend from 135.59 and another rise could be expected after the consolidation.
Tuesday, November 28, 2017
Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive / Currencies / Bitcoin
By: GoldCore
– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017
– Irrational exuberance arguably main driver of price performance
– Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning
– Buyers need to be aware of hacking and security risks
– Other primary risks to widespread adoption is volatility and liquidity risk
– World’s largest online trading platform IG Markets suspends BTC trading
– Volatility of cryptocurrencies and risky world of fiat make gold attractive
Sunday, November 26, 2017
Bitcoin Soars To Nearly $9,000 As Cryptos Continue Massive Surge / Currencies / Bitcoin
By: Jeff_Berwick
Another day, another $20 billion rise in the value of the cryptocurrency space.
Ethereum and Bitcoin Cash played a big role in the rise of the space as a whole over the last few weeks and most cryptos were heavily in the green again today. But, today’s big rise in the overall market cap of the crypto space is mainly attributed to bitcoin rising another 8% today.
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Sunday, November 26, 2017
EURUSD Weekly Analysis / Currencies / Euro
By: Franco_Shao
EURUSD extended its bounce from 1.1554 to as high as 1.1944, breaking above 1.1879 resistance. Further rise to test test 1.2092 resistance would likely be seen in the coming days, a breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area.
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Saturday, November 25, 2017
Cryptocurrencies Continue To Break All-Time Highs / Currencies / Bitcoin
By: Jeff_Berwick
In the last 24 hours, cryptocurrencies have risen $12 billion in value to $264 billion.
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Saturday, November 25, 2017
Bitcoin Price Moves above $8,000 to All-time High / Currencies / Bitcoin
By: Mike_McAra
The recent action in Bitcoin probably makes it relatively easy for the media to write stories about the currency. For some time now, we have consistently seen titles on Bitcoin’s sequence of all-time high and sometimes the move up is linked to the denial of a proposed change in the network, called SegWit2x. In an article on CNBC, we read:
Bitcoin hit a fresh all-time high Monday above the $8,000 mark after a wild week for the cryptocurrency.
On Monday around 12:25 p.m. London time, it hit a record high of $8,121.56, according to data from industry website CoinDesk. Bitcoin first broke the $8,000 handle on Sunday.
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Friday, November 24, 2017
Cryptocurrencies Happy Thanksgivine Blast Through A Quarter Trillion Dollar Market Cap / Currencies / Bitcoin
By: Jeff_Berwick
For some reason, most people are only thankful for a few days every year. Why they aren’t thankful and grateful for everything they have every day is anyone’s guess.
But, today is the day that most people celebrate a government mandated holiday based on mostly lies about how Europeans committed genocide on the North American continent.
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Thursday, November 23, 2017
Will Germany’s Crisis Affect Euro Dollar? / Currencies / Euro
By: ElliottWave-Forecast
Germany suddenly found itself in a political turmoil on Monday after the month-long talk to form a three-coalition party between Angela Merkel’s conservative bloc (CDU/CSU), the pro-business Free Democractic Party (FDP) and environmentalists Greens has failed. The crisis definitely challenges the idea that Germany is the anchor of democratic stability in Europe. FDP walked out of the negotiations on Sunday, saying they could not find a common ground on migration and environment.
Thursday, November 23, 2017
Keeping Your Cryptos Safe From Crooks / Currencies / BlockChain
By: Avi_Gilburt
In our first article together, Ryan and I spoke about how to start making your first crypto currency purchases. We now want to address security. While neither of us are computer security experts, we have subscribers that are. They have helped form our thinking.
We suggest using this article to jumpstart the process of getting your digital assets secure. If you are interested in the crypto space, please make security your top concern. While our article is elementary, we provide some links we found helpful.
We also hope this article generates lively discussion. If there is any further security information of which you believe we should be aware, please feel free to post your comments below.
Tuesday, November 21, 2017
GBPJPY Moved Sideways Between 146.93 and 152.85 / Currencies / British Pound
By: Franco_Shao
GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the uptrend from 139.30 and another rise towards 164.00 is possible after the consolidation.
Monday, November 20, 2017
Forex Markets: British Pound Faces Strong Resistance Ahead / Currencies / British Pound
By: Richard_Cox
Currency markets have emerged from the summer period and we are now looking at the development of several new trends in many of the majors. Judging the likely expectations in the British Pound is an action that will continue to remain important, given the effect it should have on broad asset benchmarks like the FTSE 100.
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Monday, November 20, 2017
NZDUSD Broke Below Important Support At 0.6817 / Currencies / Forex Trading
By: Franco_Shao
NZDUSD extended its downside movement from 0.7557 to as low as 0.6780, breaking below an important support level at 0.6817. Further decline would likely be seen over the next several weeks.
Monday, November 20, 2017
Bitcoin Price Blasts Through $8,000… In Zimbabwe Tops $13,500 As Mugabe Regime Crumbles / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has just blasted to another new all-time high of $8,055!
But, that is the US dollar price.
Bitcoin often trades at higher prices in relation to other currencies, but none so much lately as the Zimbabwean “New Zim dollar.”
Friday, November 17, 2017
Bitcoin Invalidates Breakdown / Currencies / Bitcoin
By: Mike_McAra
Square, a payment company, is playing around with Bitcoin. In an article on CNBC, we read:
Jack Dorsey's company is testing support for bitcoin through its Cash payments app.
"We're exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers," a Square spokesperson said via email to CNBC. "We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we're excited to learn more here."
Thursday, November 16, 2017
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe / Currencies / HyperInflation
By: GoldCore
– Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe
– Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis
– Venezuela’s new 100,000-bolivar note is worth less oday thehan USD 2.50
– Maduro announces plans to eliminate all physical cash
– Gold rises in response to ongoing crises
Thursday, November 16, 2017
Ethereum (ETH/USD) – bullish breakout of large symmetrical triangle looks to be getting closer / Currencies / Ethereum
By: MarketsToday
- Long-term bullish setup
- Short-term bullish setup
- Bull trend continuation entry setting up for short-term
Low volatility leads to higher volatility
Since June, volatility in Ethereum (ETH/USD) has been declining with a potentially bullish multi-month symmetrical triangle consolidation pattern forming over that time. Keep in mind that low volatility leads to higher volatility.
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Wednesday, November 15, 2017
PetroYuan Can Accelerate the De-Dollarization / Currencies / China Currency Yuan
By: Submissions
The move away from Petrodollar
In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling oil to its largest buyer back then, the U.S. In turn, the U.S. provides Saudi Arabia with money, military aid, and political support. The Saudis then reinvest billions of their petrodollar revenue back in U.S. Treasury bonds.
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