Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Sunday, December 02, 2018
Elliott Wave Analysis: Suggest Supported NZDUSD / Currencies / Forex Trading
By: ElliottWaveForecast
NZDUSD short-term Elliott wave analysis suggests that a decline to 0.6751 low ended primary wave ((2)) pullback. The internals of that pullback unfolded as double three structure where intermediate wave (W) ended at 0.6780 low in lesser degree zigzag structure. Up from there, a 3 wave bounce to 0.6852 high ended intermediate wave (X). Then finally a decline to 0.6751 low ended intermediate wave (Y) in lesser degree double three structure & finally completed primary wave ((2)).
Read full article... Read full article...
Sunday, December 02, 2018
Will AUDUSD Rally Higher? / Currencies / Austrailia
By: ElliottWaveForecast
AUDUSD Technical Analysis
AUDUSD BUY/LONG Trade Setup: October 26/2018 AUDUSD found a bottom and bounced higher. The bounce higher has formed a bullish Elliott Wave Impulse Pattern. The current wave count higher can now be seen as a five wave move with red wave 1 terminating at the high of November 16/2018. The pair corrected lower and terminated wave red 2 at the November 27/2018 low which was then followed by a five wave move higher to terminate wave ((i)) at the November 29/2018 high. If looking to trade AUDUSD, traders will need to watch and wait for a pullback lower towards the blue BUY ZONE and watch for the possible termination of wave ((ii)) in that preferred area. Watch for buying signals and a reversal in the blue box BUY ZONE and expect a rally higher for the strong red wave 3.
Read full article... Read full article...
Sunday, December 02, 2018
Cryptos: 5 Simple Strategies to Catch the Next Opportunity / Currencies / BlockChain
By: EWI
Dear Investor,
The key to success in cryptos is to approach this wild market in a way that insulates you from the hype, frenzy and rumors -- and helps you act when others flounder.
Read full article... Read full article...
Thursday, November 29, 2018
How the Bitcoin Bubble Burst Could Lead to a New Golden Era / Currencies / Bitcoin
By: MoneyMetals
One of the greatest asset bubbles of all time appears to have just burst.
It’s not the stock market. Despite recent downside volatility amidst bubble-like valuations, so far stocks have merely entered a correction.
Cryptocurrencies, on the other hand, have entered into a full-blown meltdown. Bitcoin will go down in history for its extraordinary rise from zero to a high of $19,783 on December 17, 2017. Its subsequent fall may be one for the history books as well.
Read full article... Read full article...
Thursday, November 29, 2018
GBP/USD – Double Bottom or Further Declines? / Currencies / British Pound
By: Nadia_Simmons
In the previous week, GBP/USD wavered around the lower border of the declining trend channel. Yesterday, currency bears pushed the pair below it, testing the mid-November low. Will we see a post-double-bottom rally in the following days?
Read full article... Read full article...
Wednesday, November 28, 2018
Dollar Trend Imposes: EURUSD to Fall to 1.11 / Currencies / Forex Trading
By: FXCOT
The Dow Jones Industrial Average rose more than 100 points after a White House official left open the possibility of a trade breakthrough between the U.S. and China later this week. Shares of companies that pay hefty dividends and tend to generate stable profits in challenging economic conditions, such as consumer staples like Walgreens Boots Alliance and health-care companies like Johnson & Johnson , rose throughout the session, helping the blue-chip index overcome a roughly 224-point pullback earlier in the day.
Stocks are off to a good start to the post Thanksgiving trading week. And they have at least three things working in their favor. One is the proximity to their late October low. The other is a short-term oversold condition. The third is seasonal support.
Read full article... Read full article...
Wednesday, November 28, 2018
Gold, Original Money, Fiat Money / Currencies / Fiat Currency
By: Kelsey_Williams
The first gold coins appeared around 560 B.C. Over time it became a practice to store larger amounts of gold in warehouses. Paper receipts were issued certifying that the gold was on deposit. These receipts were negotiable instruments of trade and commerce which could be signed over to others. They were not actual currency but are a presumed forerunner to our modern checking system.
Gold is original money. It was money before paper receipts were issued. The paper receipts were not money. They were substitutes for real money. Today, all paper currencies are substitutes for real money.
Read full article... Read full article...
Monday, November 26, 2018
Bitcoin Crashes Over 50% From Recent Highs / Currencies / Bitcoin
By: Chris_Vermeulen
Crypto enthusiasts were crushed over the Thanksgiving holiday when a fight over Bitcoin Cash and very thin liquidity prompted a massive price breakdown from recent highs. This downside move reflects a true price breakdown where Bitcoin bulls have to rethink their future strategies.
Back in October 2018, we warned that price MUST rally above the support level near $6986 in order for any future upside advance to take hold. The following week, we saw a massive price rally that lasted only a few hours and trailed off back below the $6986 support level. While we waited to see if any future price move would prompt a rally above this level, the Bitcoin price levels continued to congest.
Read full article... Read full article...
Friday, November 23, 2018
Advice to make it as a professional in the forex market / Currencies / Forex Trading
By: Submissions
The forex market is perhaps one of the most misunderstood markets out there. It’s seen only ever in its simplest form by many holidaymakers and travellers, while for newbie retail investors, it’s sometimes thought of as either too volatile or too complicated. For technical analysts, the heavy focus that many forex publications place on fundamental analysis points such as interest rate rises can seem too much.
Read full article... Read full article...
Monday, November 12, 2018
One Direction More Likely for Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
The recent period of sideways trading may make traders impatient or even discouraged altogether. At any rate, those who crave more action in Bitcoin could be driven out of the market. But this is no time to bet on Bitcoin staying docile.
If the recent months haven’t exactly been rosy for Bitcoin traders, there are avenues which might offer more optimistic news. Unlikely avenues, perhaps. A report by Morgan Stanley suggests that Bitcoin might have become an asset class for institutional investors. In an article on CoinDesk, we read:
Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report by Morgan Stanley.
Friday, November 09, 2018
USD/CAD – The Moment of Truth Is Coming / Currencies / Forex Trading
By: Nadia_Simmons
Although the U.S. dollar increased recently against its Canadian counterpart, currency bulls didn’t manage to trigger an upward move above the 61.8% Fibonacci retracement for the third time in a row. Will their nearest ally be able to stop the selling pressure once again in the coming days?
Sunday, November 04, 2018
5 Major Factors Affecting the Direction of EUR/USD / Currencies / Euro
By: Andrew_Cioffi
The EUR/USD pair is a major trading pair at the markets. According to https://www.Forexobchodnik.sk the volume of trade recorded each day for this pair is the highest of any other pair at the exchange market. In order to get a proper insight into what factors affect the direction of this par, a little background is important for each of the units on the pair. To start with, the Euro is the largest currency in Europe and it is the second largest in the world – only behind the US dollar/
Read full article... Read full article...
Saturday, October 27, 2018
In Search of a Bearish Bitcoin Trigger / Currencies / Bitcoin
By: Mike_McAra
A large asset manager has decided to offer Bitcoin trading to its institutional investors. Bitcoin shot up around the announcement but reversed course and erased most of the move up. The currency has stayed subdued since. This could mean that the market is getting boring. It could also mean that investors and traders are taking a breather before a more decisive move.
Traditional asset managers are not necessarily averse to Bitcoin. It turns out that Fidelity Investments, one of the largest asset managers in the world, is interested in providing hedge funds with access to the Bitcoin market. In an article on the Wall Street Journal website, we read:
Fidelity Investments said it will store and trade bitcoin for hedge funds and other professional investors, becoming one of the first Wall Street giants to step into this volatile corner of the financial world.
(…)
Sunday, October 21, 2018
Why Is the Weakness In GBP/USD Likely? / Currencies / British Pound
By: Nadia_Simmons
In recent days, the British pound declined quite sharply against the greenback, which caused several negative developments. Will currency bears be strong enough to trigger further deterioration in the coming week?
EUR/USD – Double Bottom or Further Declines?
Read full article... Read full article...
Friday, October 19, 2018
Bitcoin Trend Analysis 2018 / Currencies / Bitcoin
By: Nadeem_Walayat
Here's my latest update on the prospects for the Bitcoin price for the remainder of 2018 and beyond.
But firstly a recap of my forecast for 2018 which I published when the crypto was trading at USD 14,000, warning that the Bitcoin price was likely to continue crashing lower towards $5,000, a forecast that at the time was met with much denial from the bitcoin community that appeared to have pinned their hopes on the crypto revisiting $20k.
Read full article... Read full article...
Thursday, October 18, 2018
Bitcoin Technical Analysis / Currencies / Bitcoin
By: Austin_Galt
Pattern – the downtrend since the spike high looks to have slowed to crawl and I believe it can continue to drift lower.
Fibonacci – price has been making its way through the angles which is some consolation for the bulls. After trading a bit further down I believe price can rally and eventually crack above the 88.6% angle which may provide some temporary resistance.
Read full article... Read full article...
Sunday, October 14, 2018
Bitcoin Breakdown May Push Prices Below $5000 / Currencies / Bitcoin
By: Chris_Vermeulen
Recent market turmoil across the global stock markets has refocused investors on the concerns of global economics, trade, and geopolitical issues – away from cryptocurrencies. The biggest, Bitcoin, has been under extended pricing pressure recently and our research team believes Bitcoin will breach the $6000 level to the downside fairly quickly as extended global market downtrends continue.
Read full article... Read full article...
Friday, October 12, 2018
US Dollar Engulfing Bearish Pattern Warns Of Dollar Weakness / Currencies / US Dollar
By: Chris_Vermeulen
A unique setup has occurred in the UUP (Invesco DB US Dollar Index) that resembles an Engulfing Bearish type of pattern (even though it is not technically an Engulfing Bearish pattern). Technically, an Engulfing Bearish pattern should consist of a green candle followed by a larger red candle whereas the red candle’s body (the open to close range) completely engulfs the previous candle’s body. In the instance we are highlighting in this article, a unique variation of what we’ll call a “Completely Filled Engulfing Bearish” pattern is setting up.
Thursday, October 11, 2018
USD and US Tr. Yields Retreat, GBP Gains on Brexit-deal Report / Currencies / Forex Trading
By: C_Pissouros
The dollar traded lower against its major peers on Tuesday as US Treasury yields pulled back after hitting a new high. The pound was among the main gainers, surging after a report noted that the terms of the UK’s exit from the EU could be settled next week.
USD Pulls Back as US Treasury yields Come off Their Highs
The dollar traded lower against all but one of the other G10 currencies on Tuesday. It managed to gain fractionally only against SEK. The main winners against the greenback were NZD, GBP and AUD in that order, while the currency that gained the least was JPY.
Read full article... Read full article...
Thursday, October 11, 2018
“A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold” Revisited / Currencies / Inflation
By: Kelsey_Williams
One of the earliest articles I wrote was “A Loaf Of Bread, A Gallon Of Gas, An Ounce Of Gold”. The information contained in the article is basic to a fundamental and accurate understanding of gold.
The convolution and complication of basic fundamentals reigns supreme in almost all analysis of gold. That is unfortunate, because it obscures the simple truth.
The simple truth is that gold is real money. Even that simple truth, however, deserves some further explanation.
Read full article... Read full article...