Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, September 22, 2017
Bitcoin after Extreme Volume / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is on the Bloomberg Markets main page again. This is yet another sign of the currency becoming yet another asset class. In the article, we read:
Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.
Major industry players, including the bitcoin investor Roger Ver known as “Bitcoin Jesus” for proselytizing on behalf of the digital currency, say consensus between opposing camps looked increasingly unlikely. That opinion was echoed by some of the biggest mining pool operators and also programmers -- known as “Core” developers -- who were instrumental to developing the infrastructure of the original bitcoin network.
Friday, September 22, 2017
GBPUSD Facing Major Resistance Trend Line On Weekly Chart / Currencies / British Pound
By: Franco_Shao
GBPUSD extended its upside movement from 1.1946 to as high as 1.3652, facing a major resistance trend line from 1.7190 to 1.5016 on its weekly chart. As long as the price is below the trend line, the bounce from 1.1946 could be treated as consolidation of the long term downtrend from 1.7190, and another fall could be expected after the consolidation.
Friday, September 22, 2017
Cryptocurrencies: Bitcoin & Ethereum Short Term Analysis / Currencies / BlockChain
By: ElliottWave-Forecast
The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal to the upside. Both instruments is now doing a short term pullback in wave (2) as a double three toward equal legs area ($3740 – $3549 for bitcoin) and ($269 – $253 for Ethereum) where it should resume higher or bounce in 3 waves at least.
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Thursday, September 21, 2017
Blockchain Gaining Fast Acceptance in Russia / Currencies / BlockChain
By: Submissions
By John Bonar : Russian interest in cryptocurrencies is blossoming with the endorsement of the country’s president Vladimir Putin. While some within the country’s financial sector, including Bank of Russia chairwoman, Elvira Nabiullina, remain cautious, others are embracing the crypto currency phenomena enthusiastically.Read full article... Read full article...
Thursday, September 21, 2017
HODLing Bitcoin Hurricane Max in Acapulco, From One Natural Disaster To The Next / Currencies / Bitcoin
By: Jeff_Berwick
Those who follow me on Facebook know that I reported live this week from Hurricane Max in Acapulco, which luckily just missed our area, as opposed to four years ago today where a tropical storm wiped out some local towns and our anarchist rescue team helped in the recovery.
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Wednesday, September 20, 2017
AUDUSD Broke Below Trend Line Support At 0.7975 / Currencies / Austrailia
By: Franco_Shao
After failing in its two attempts to break above the resistance of the May 2015 high of 0.8162, AUDUSD pulled back from 0.8124 and broke below a major support trend line at 0.7975 on its daily chart, suggesting that lengthier consolidation for the uptrend from 0.7328 is underway.
Tuesday, September 19, 2017
USD/CHF – Verification of Breakout or Further Declines? / Currencies / Forex Trading
By: Nadia_Simmons
At the end of the previous week, the greenback moved lower against the Swiss franc, which resulted in a comeback to the previously-broken support/resistance line. Will we see a verification of the earlier breakout or rather further declines in the coming week?
Tuesday, September 19, 2017
Blockchain Tech: Don't Say You Didn't Know / Currencies / BlockChain
By: The_Gold_Report
Lior Gantz, founder of Wealth Research Group, discusses blockchain technology and one company that is harnessing its power.
"You can't stop things like the blockchain. It will be everywhere, and the world will have to readjust. World governments will have to readjust" – John McAfee, Founder of McAfee
As you're aware by now, the world's largest corporations and most governments are already testing the incredible potential of it.
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Monday, September 18, 2017
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials / Currencies / Bitcoin
By: GoldCore
– Bitcoin price action shows cryptos vulnerable to commentary and government policies
– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
– Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows
– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
– Apple and Google developing a payment API for cryptos – may give governments full oversight
– Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status
Monday, September 18, 2017
How to Choose right Forex Trader? / Currencies / Forex Trading
By: Kavinesh_A
Market makes up more than $4 billion in average exchanged value every day, making it the world's biggest economical market. Since there is no central sell for forex dealing, traders must select a fx agent to help them conduct their dealing activity. There are a large and growing number of fx agents, deciding on the right one requires very carefully searching through a massive number of journal and internet ads. In this article, we'll look at when selecting a fx agent in today's aggressive forex dealing industry at Admiral Markets Deutschland.
Saturday, September 16, 2017
Bitcoin Drops After China Ban / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is now present in mainstream media. On the Bloomberg Markets website, we read:
Bitcoin fell for a fifth day, the longest losing streak in more than a year, after one of China’s largest online exchanges said it would stop handling trades by the end of the month amid a government crackdown on cryptocurrencies.
BTC China will immediately stop accepting new account registrations on its BTCChina Exchange, Chief Executive Bobby Lee said Thursday in a tweet. The decision was made after “carefully considering” the Sept. 4 announcement by Chinese regulators that outlawed initial coin offerings, he said.
(…)
Friday, September 15, 2017
EURGBP Broke Below Trend Line Support / Currencies / Euro
By: Franco_Shao
EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already.
Friday, September 15, 2017
GBP USD Approaches Fibonacci Target / Currencies / Forex Trading
By: Enda_Glynn
Good evening to you all.
Another day, another all time high in the DOW, and another step closer to the target zone.
The wave count is working well on this front,
And I am sure we will see a break above 22300's before long,
But what amazes' me everyday,
is the sheer lack of interest in questioning this now eight year long rally.
It is taken for granted like milk in the supermarket.
Thursday, September 14, 2017
EURUSD Is Facing Channel Support / Currencies / Euro
By: Franco_Shao
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the fall from 1.2092 could be treated as consolidation of the uptrend and the bullish movement could be expected to continue after the consolidation.
Wednesday, September 13, 2017
TRADE FOR A CHANGE / Currencies / Forex Trading
By: Kavinesh_A
Marketting business has always been referred to as a tedious task to handle. Its strategic approach to every service delivery should always seem to be a compatible one. Before taking a leap into this category of business one should get familiarised with it and, the various terminologies of forex trading for beginners. A person experienced enough to handle trading business online can have a blooming start in the same.
Tuesday, September 12, 2017
GBPJPY Move Sideways On Weekly Chart / Currencies / British Pound
By: Franco_Shao
GBPJPY moved sideways in a trading range between 135.59 and 148.44 for several months. The sideways movement is likely consolidation of the uptrend from 122.36. As long as 135.59 key support holds, the uptrend could be expected to resume and a breakout of 148.44 resistance could signal resumption of the uptrend.
Tuesday, September 12, 2017
Bitcoin Price Analysis / Currencies / Bitcoin
By: MarketsToday
If Bitcoin breaks below most recent low a deeper correction becomes likely
Summary
Bitcoin forms potential Head and Shoulders Top at resistance of Fibonacci confluence
Breakdown likely leads to a -29% or greater correction
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Tuesday, September 12, 2017
Here’s A Strong Case For A Strong Yen / Currencies / Japanese Yen
By: John_Mauldin
I am well-known for suggesting that Japan was a bug in search of a windshield and in predicting that the yen would go 200 to the dollar.
About four years ago, when the yen was at 100, I even purchased 10-year options, which were ridiculously cheap, with strike prices 20 to 30 yen higher. I was willing to be patient and wait for 10 years, if I had to.
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Monday, September 11, 2017
USDJPY Broke Below 108.13 Key Support / Currencies / US Dollar
By: Franco_Shao
USDJPY recently broke below a major support level at 108.13, indicating that the sideways movement in a trading range between 108.13 and 115.50 is complete and the downtrend from 118.66 has resumed.
Monday, September 11, 2017
The Big Unwinding / Currencies / US Dollar
By: Submissions
Below is $USDJPY weekly, with $GOLD:$USD in the background. I am using $USD as the denominator for consistency.
Comments:
1. $USDJPY and $GOLD:$USD are inversely correlated
2. The long super cycle for $USDJPY is 180 months (or 15 years) low to low, and the half cycle harmonic is 90 months, low to low.
3. The long super cycle low bottomed in 2011, and its next low will be in 2026/27, which also coincides with the 5th K wave peak in commodities.
4. The 90 month half cycle also bottomed in 2011, with the 15 year super cycle. The next half cycle low will be in first half of 2019, followed by 2026/27, with the 5th K wave peak in commodities.