Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, July 25, 2017
USDCNH Is Facing 6.7210 Support / Currencies / Forex Trading
By: Franco_Shao
The USDCNH pair failed to settle above 6.8450 resistance and pulled back to 6.7400 area, facing the previous low support at 6.7210. As mentioned before, the pullback would possibly be correction of the uptrend from 6.7210.
Monday, July 24, 2017
Last Chance For US Dollar To Rally / Currencies / US Dollar
By: Gary_Savage
I think we need to focus on what is happening to the dollar. The intermediate cycle is now 63 weeks long. Clearly that isn’t normal. I’ve maintained for several years that the end game was going to play out in the currency markets. There has to be consequences to printing trillions and trillions of currency units , and leaving interest rates at 0 for 8 years. I don’t think the consequences are going to be deflation. I think the end game will be inflation, just like it was in the 70’s, and just like it was in 2007 and 2008.
It’s taken a while to manifest as other countries have jumped into the game and turned on their printing presses as well, so the collapse in the currency I’ve been looking for has taken quite a while to unfold. The first leg down ended in 2008.
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Friday, July 21, 2017
GBP/USD Bearish Factors / Currencies / Forex Trading
By: Nadia_Simmons
On Tuesday, British pound move lower against the greenback, which resulted in an invalidation of the breakout above two important resistances. How did this negative development affect the technical picture of GBP/USD?
In our opinion the following forex trading positions are justified - summary:
EUR/USD: none
GBP/USD: short (a stop-loss order at 1.3232; the initial downside target at 1.2375)
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none
Thursday, July 20, 2017
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term / Currencies / Bitcoin
By: GoldCore
– Bitcoin volatility shows not currency or safe haven but speculation
– Volatility still very high in bitcoin and crypto currencies (see charts)
– Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900
– Bitcoin least volatile of cryptos, around 75% annualised volatility
– Gold much more stable at just 10% annualised volatility
– Bitcoin volatility against USD about 5-7 times vol of traditional forex trading
Thursday, July 20, 2017
The US Dollar Falls To New Lows, And So Do The Excuses To Explain It / Currencies / US Dollar
By: Submissions
Mike Golembesky writes: The DXY Index, which is widely cited in the financial press as the "Dollar" or "US Dollar," has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week's (Tues July 18) low, which came in at 94.48. This represents a move of just under 9%, which in the currency markets is not a small move.
Wednesday, July 19, 2017
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours / Currencies / Bitcoin
By: Jeff_Berwick
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”
And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.
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Tuesday, July 18, 2017
Ethereum Versus Bitcoin – Which Cryptocurrency Will Win The War? / Currencies / BlockChain
By: Boris_Dzhingarov
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Tuesday, July 18, 2017
USDCAD Facing Important Support At 1.2460 / Currencies / Canadian $
By: Franco_Shao
The USDCAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its bearish movement to as low as 1.2627, facing an important support level at the May 2016 low of 1.2460.
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Monday, July 17, 2017
Bitcoin Price “Deja Vu” Corrective Sequence / Currencies / Bitcoin
By: ElliottWave-Forecast
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to a split in Bitcoin’s blockchain. There is no need to explain what’s going to happen in the coming weeks as the internet is already full of articles containing the details about it.
What’s really important is the price structure and how we can interpret it to get an idea about the possible coming path. We believe that the world market is ruled by technical analysis as fundamentals is only used to trigger the move. So as we have an important coming event for Bitcoin, then usually the market will send us a message through the charts which we can read it with different methods.
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Monday, July 17, 2017
Bitcoin Price Facing Key Support At 1737 / Currencies / Bitcoin
By: Franco_Shao
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27 low of 1737.
Monday, July 17, 2017
Bitcoin Crash - Is This The End of Cryptocurrencies? / Currencies / Bitcoin
By: Jeff_Berwick
The selloff in cryptocurrencies continues today with bitcoin now falling below $2,000 to a low of $1,841 after hitting its all time high of $3,108.54 on June 11th, marking a 41% drop in the last five weeks.
Saturday, July 15, 2017
Bitcoin, All Cryptocurrencies Are Collapsing! We Are Witnessing End of Blockchain! / Currencies / Bitcoin
By: Jeff_Berwick
Just kidding, again.
We are continuing to see bitcoin and most other cryptocurrencies sell-off, however, just as we said they should and would do after such a parabolic spike higher in the last few months.
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Friday, July 14, 2017
Yellen’s Shocking Announcement:The $USD is TOAST / Currencies / US Dollar
By: Graham_Summers
Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff.
She didn’t use those words, but the words she did use weren’t all that different.
But first a little context…
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Friday, July 14, 2017
Global Currency Reserve At Risk / Currencies / Fiat Currency
By: Jim_Willie_CB
Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the USDollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form, in a manner to highlight its importance.
Thursday, July 13, 2017
EURUSD Is Testing Neckline Resistance At Around 1.1450 / Currencies / Euro
By: Franco_Shao
There is a descending trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, with resistance at around 1.1450, acting as the neckline of the double bottom pattern on the EURUSD’s weekly chart. If the price breaks and settles above the trend line resistance, it would confirm pattern, then the price could extend to the measured move target at around 1.2700.
Thursday, July 13, 2017
Will the Ethereum Crash Continue? / Currencies / BlockChain
By: Franco_Shao
After hitting a highest record at 415, ETHUSD broke below the bullish price channel on its daily chart and fell sharply to as low as 175.50. Will the Ethereum crash continue?
Wednesday, July 12, 2017
Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong! / Currencies / Bitcoin
By: Jeff_Berwick
Cryptocurrency Bloodbath!
Just kidding.
The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.
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Wednesday, July 12, 2017
Down Dollar Down: Time for "UP"? / Currencies / US Dollar
By: EWI
Don't rely on after-the-fact headlines. Our charts and forecasts explain how we got here -- and where we're going.
Tuesday, July 11, 2017
Bitcoin Price Tests Retracement / Currencies / Bitcoin
By: Mike_McAra
The CFTC is moving to grant another license to a cryptocurrency derivative exchange. On Business Insider, we read:
While most federal regulators in the US have taken a sluggish approach to cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has been an exception. In September 2015, the body designated cryptocurrencies as commodities, rather than currencies.
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Tuesday, July 11, 2017
Stage Analysis Gold and US Dollar / Currencies / US Dollar
By: SurfCity
This post will use Weinsteins Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.
https://goldtadise.com/?p=394282
First lets start with a bit of History and go back to 1998 to 2002 to examine the transition in Gold and the HUI from Stage 4 Bear, to Stage 1 Basing to Stage 2 Bull Market.
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