Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Friday, October 13, 2017
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has just soared through $5,000 USD for the first time ever topping its old high of $4,950.72 on September 1st.
Friday, October 13, 2017
New Record High on Bitcoin! Where to Next? / Currencies / Bitcoin
By: MarketsToday
Summary
Strong bullish trend continuation signal
Several, likely temporary initial targets derived from multiple Fibonacci measurements
Watch for temporary retracements for new opportunity to enter
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Wednesday, October 11, 2017
EURJPY Stays Above Ascending Trend Line / Currencies / Euro
By: Franco_Shao
EURJPY stays above an ascending trend line on its daily chart, indicating that the price remains in the uptrend from 114.85. As long as the trend line support holds, the upside movement could be expected continue.
Tuesday, October 10, 2017
NZDUSD Broke Below Important Support At 0.7131 / Currencies / Forex Trading
By: Franco_Shao
The NZDUSD pair recently broke below an important support level at 0.7131 and extended its bearish movement from 0.7557 to as low as 0.7055, indicating that the bearish movement from 0.7557 has resumed. Further decline towards 0.6817 would likely be seen over the next several weeks.
Monday, October 09, 2017
EURGBP’s Correction Rebound Extended To 0.8992 / Currencies / Euro
By: Franco_Shao
EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the coming days.
Saturday, October 07, 2017
British Pound GBP down 500 points, time for a corrective rally... / Currencies / Forex Trading
By: Enda_Glynn
My Bias: short below parity in wave (5).
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity
Friday, October 06, 2017
AUDUSD Broke Below Major Support Level At 0.7807 / Currencies / Austrailia
By: Franco_Shao
After breaking below a bullish trend line on the daily chart, AUDUSD continued to break below an important support level at 0.7807 and extended its downside movement to as low as 0.7743, confirming that the bullish movement from 0.7328 had completed at 0.8124 already. Further decline would likely be seen over the next several weeks.
Friday, October 06, 2017
USDCAD Remains In Downtrend From 1.3793 / Currencies / Canadian $
By: Franco_Shao
USDCAD recently broke above the resistance trend line of the price channel on the daily chart, suggesting that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.2061 and 1.2778 would likely be seen over the next several weeks.
Wednesday, October 04, 2017
Will GBP/USD Decline under 1.3200 in Coming Week? / Currencies / British Pound
By: Nadia_Simmons
Yesterday, the greenback moved sharply higher against the British pound, which approached GBP/USD to the previously-broken August peaks. Will this support manage to stop currency bears in the coming days?
Wednesday, October 04, 2017
Plan for Run On The British Pound / Currencies / British Pound
By: GoldCore
Run On The Pound ? Jeremy Corbyn Says Should Plan For
– Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party
– British pound already down 20% since Brexit, collapse already in play
– Run on the pound likely due to Labour’s ‘command economy’ approach
– Collapse in Sterling would undermine UK financial system
– Portfolios holding sterling and related assets would be significantly affected
– Pension funds and property the most likely to get hit by run on the pound
– Gold to benefit as sterling collapse picks up pace
Editor: Mark O’Byrne
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Tuesday, October 03, 2017
GBPUSD Failed To Break Above Long Term Bearish Trend Line / Currencies / British Pound
By: Franco_Shao
GBPUSD failed in its attempt to breakout of the long term resistance trend line from 1.7190 to 1.5016 on the weekly chart and pulled back from 1.3657, suggesting that a short term top had been formed.
Monday, October 02, 2017
The Fed’s Tightening Because the US Dollar Is in Big Trouble / Currencies / US Dollar
By: MoneyMetals
Mike Gleason: It is my privilege now, to welcome back our good friend David Morgan, of The Morgan Report. David, it's always a real pleasure to have you on with us. How are you, sir?
David Morgan: Mike, I'm doing well. Thank you for having me.
Mike Gleason: Well, first off, let's discuss what's been driving the recent pullback in your view. Gold was over $1,350 not too long ago and is now is decisively back under $1,300, as we're talking here on Wednesday afternoon. Silver has pulled back, and is moving toward the lower end of its year-long trading range, and has a 16 handle, once again. So what do you make of the recent market action, and what's behind it David?
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Monday, October 02, 2017
Bitcoin is Not New and Improved Money / Currencies / Bitcoin
By: Michael_Pento
Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving this truth serves to underscore why gold has been utilized as the best form of money for thousands of years.
In the 2013 film titled “Her,” lonely Theodore, played by Joaquin Phoenix, falls in love with Samantha, an operating system. Despite Samantha’s lack of physical presence, the two have a somewhat normal relationship that includes vacations, socializing with friends, fights and even jealousy. But just as the audience starts buying into this unconventional pairing the plug is pulled on Samantha, and she disappears into a cyberspace vortex; leaving poor and lonely Theodore heartbroken.
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Monday, October 02, 2017
USDCNH Broke Above Major Resistance Trend Line / Currencies / Forex Trading
By: Franco_Shao
USDCNH extended its upside movement from 6.4412 to as high as 6.6777, breaking through a major bearish trend line on its daily chart, confirming that the bearish movement from 6.8588 had completed at 6.4412 already.
Saturday, September 30, 2017
What Are Some Good FX Scalping Techniques? / Currencies / Forex Trading
By: Kavinesh_A
As you acquire Forex dealing experience, you understand the key role that your technique performs. There are many options investors can use, but this article will discover a Forex dealing scalping technique. We'll take a quick look at what is involved in scalping rate of exchange and evaluation some of the best tips/tricks you can use.Read full article... Read full article...
Friday, September 29, 2017
Is Bitcoin For Real or Fool’s Gold? / Currencies / Bitcoin
By: Rodney_Johnson
How many currencies do you carry in your wallet?OK, I’m showing my age. I actually have a wallet. And I carry it. Mostly.
Inside, you’ll find a couple of credit cards, an odd receipt or two, and greenbacks. I live in the U.S., so I use dollars.
But I also carry my smartphone, and I use Apple Pay wherever possible. I’m not geeking out, I just try to rack up points on my cashback credit card, and tapping my smartphone is a lot easier than dragging out my credit card and dealing with finicky swipe readers.
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Friday, September 29, 2017
EURGBP Broke Out Of Price Channel And Formed Sideways Movement / Currencies / Euro
By: Franco_Shao
EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway.
Thursday, September 28, 2017
A New Challenge to the US Dollar / Currencies / US Dollar
By: John_Browne
In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and more importantly a linkage between the Chinese currency and gold. While the contract volumes that will be traded on this new platform will certainly be minuscule in comparison to those in the dominant markets of New York and London (at least initially), I believe the move is the latest, and perhaps most significant, step that China has taken down the path that could lead to a global economic system that is not fully dependent on the U.S. dollar. The move amounts to a direct challenge to the dollar's privileged reserve status and could threaten U.S. dollar price erosion.
Thursday, September 28, 2017
Is This the Top for the Cryptocurrency Craze? Introducing Jesus Coin / Currencies / BlockChain
By: HAA
Shannara Johnson : Question: How do you recognize a bubble that’s ready to burst?
The answer is twofold:
- When people start going crazy over a certain asset—even the ones who couldn’t have cared less a year earlier.
- When people start doing insane things with that particular asset.
Thursday, September 28, 2017
As Sanctions on North Korea Ramp Up, War on Crypto-Currencies Heats Up / Currencies / BlockChain
By: MoneyMetals
By Stefan Gleason, : The dangerous provocations between North Korea and the United States haven’t yet escalated enough to rattle financial markets. The U.S. stock market notched another new record high last week, helping to blunt safe-haven demand for gold and silver.
The North Korea situation is, however, causing political reverberations in the crytpo-currency markets. Following China’s recent crackdown on crytpo-currency exchanges, U.S. officials may be gearing up for a regulatory attack on Bitcoin as part of an economic sanctions package.
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