Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, January 19, 2021
Cryptos: 5 Simple Strategies to Catch the Next Opportunity / Currencies / BlockChain
By: EWI
Dear Reader,
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.
How? By using a proven market-forecasting methodology that can analyze price trends in Bitcoin, Ethereum and Litecoin objectively and clearly.
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Monday, January 18, 2021
Some Basic Facts About Forex Trading / Currencies / Forex Trading
By: Sumeet_Manhas
There are some interesting facts that you may not have heard before about currency market and forex trading.
Forex or FX is short for the foreign exchange market. It is a global currency market where one can exchange national currencies against each other. For example, if you have a $100, you can exchange it to EUR, GBP, or just about any other currency based on the rates of the exchange.
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Thursday, January 14, 2021
Are you a Forex trader who needs a bank account? We have the solution! / Currencies / Forex Trading
By: Boris_Dzhingarov
International banking is becoming increasingly difficult as time goes on.
High-net-worth individuals who have earned their money through hard work, and investors seeking to secure assets and do business freely, are having a difficult time.
The options are even more limited for midsize investors. And this is especially true if you are a Forex trader.
Also, if you have made your money trading Forex, it is particularly difficult to open a Forex compatible bank account that is multi-currency and allows you to handle your core trades with ease.
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Thursday, January 07, 2021
Bitcoin Price Collapses almost 20% at the start 2021 / Currencies / Bitcoin
By: Chris_Vermeulen
After an incredible upside price rally that took place throughout the end of 2020, the recent 20% decline in Bitcoin prices, seemingly overnight on January 4th, may have come as a shock to many Bitcoin traders. The deep low price was reached in early trading overnight on very heavy volume – reaching levels near $27,734. Compared to the high price level reached just 27 hours earlier, near $34,800, this strong price decline represents a 20% sell off (over -$7040).
Bitcoin Daily Chart
If this is the start of a broader downtrend for Bitcoin, we’ll have to watch the MAGENTA trend level on this Daily Bitcoin chart below for an indication the upward support channel is breached. This may be a deep pullback in a stronger uptrend still. But the heavy volume and very deep decline suggest the upside parabolic price trend may have “popped” and Bitcoin may be setting up for a bigger change in trend in early 2021.
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Wednesday, January 06, 2021
What Will the U.S. Dollar Ring in for 2021? / Currencies / US Dollar
By: P_Radomski_CFA
The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ascension could prove rather bearish for gold and the PMs.
Breaking hearts as the USD Index falls in and out of love, the greenback continues to leave bulls at the altar, which is likely to have important implications for the gold market in the following weeks . Dressed to impress, investors lined the cathedral aisles as the USDX looked ready to commit to the 90-level.
But as cold feet turned into a dash for the exit, 2020 ended without a celebration.
However, as we enter 2021 and net-short futures positions (non-commercial traders) remain at their highest level since 2006, the slightest shift in sentiment could have wedding bells ringing again.
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Wednesday, December 30, 2020
Further U.S. Dollar Debasement Ahead in 2021 / Currencies / US Dollar
By: MoneyMetals
In a year that was marred by a global pandemic and a wave of economic restrictions that crippled many small businesses, financial markets proved to be resilient.
Of course, that resilience owes in no small part to the unprecedented outpouring of stimulus from Congress and the Federal Reserve.
More stimulus is on the way. On Sunday, President Donald Trump signed the latest COVID relief package into law.
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Wednesday, December 30, 2020
Bitcoin Price Rallies Above $28,300 – Is This The Peak? / Currencies / Bitcoin
By: Chris_Vermeulen
We hope you enjoyed the brief holiday break… it seems Bitcoin has been busy while the markets have been resting! Bitcoin enthusiasts are adamant that the price rally has just started a parabolic move higher. From a technical standpoint, this current rally certainly appears to have gone parabolic. As any trader already understands, what goes up may eventually come crashing downward.
My research team and I believe failure at the current highs would represent a clear technical divergence pattern between price and the RSI indicator. Additionally, the current rally that started on December 20 consists of a $10,850 rally phase. The previous rally that took place from October 20 to December 2 consisted of a $9,200 rally phase. We believe this current rally phase from December 11 could be a Wave 5 rally (almost equal to the Wave 3 rally range). If our researchers are correct, this final rally phase could come crashing downward after reaching these peak levels above $28,000.
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Sunday, December 27, 2020
Bitcoin Rally Similarities – Is This The Peak? / Currencies / Bitcoin
By: Chris_Vermeulen
The recent rally in Bitcoin is strangely similar to the rally that took place in 2017. Although the range of price throughout the rally is somewhat different, the structure of price throughout the rally phase is very similar. Our researchers believe this similarity suggests a peak may be forming in Bitcoin and the big volume on Monday, December 21, 2020, may have represented a “blow-off peak” in price.
Bitcoin 2017 Peak Structure
The following Weekly Bitcoin chart highlights the three rally phases that took place before the peak level was reached in December 2017. Pay very close attention to the structure you are seeing on this chart and the highlights we’ve made to help you understand how the price structure is being mirrored in the current rally phase.
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Tuesday, December 22, 2020
Maximizing Returns with Minimal Investment / Currencies / Forex Trading
By: Sumeet_Manhas
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Thursday, December 10, 2020
What Happens When Confidence Falls Apart? / Currencies / Fiat Currency
By: MoneyMetals
While we may never know how deep and wide the political elites’ effort to gain control over our government goes, it appears to be vast. Although it’s still unknown whether fraud altered the overall election outcome, the evidence of fraud is real.
Corrupt poll workers and election officials have been identified in numerous locations along with voting machine “glitches.” Some judges seem to be ignoring evidence while affirming Joe Biden’s victory.
All the while, the corporate media plus the major social media platforms are working overtime to convince people the “evidence of widespread fraud doesn’t exist.”
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Monday, December 07, 2020
FREE Crypto Trading Learning Event NOW! / Currencies / BlockChain
By: EWI
Dear Reader,
"Breathtaking" is a fitting word to describe Bitcoin's surge from the March lows near $3,500 to the recent high near $20,000.
You probably want to know how much upside is left -- if any.
Our friends at Elliott Wave International can help -- free.
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Monday, December 07, 2020
Bitcoin Price Next Stop: $14,000 or $37,200 / Currencies / Bitcoin
By: Chris_Vermeulen
After the incredible rally in Cryptos recently and my team’s recent research articles about how to spot a “Blow-Off Peak”, the recent downturn in Bitcoin prices has raised a valid question – is this the start of a new “Blow-Off Top” for Bitcoin? In our recent 2-part research article on Blow-Off Tops, we suggested there are five phases to a Blow-Off top setup. The first is an incredible rally attempt – usually somewhat similar to a parabolic price advance. We can certainly say that Bitcoin has seen a huge price advance from near $4000 in early March to over $19,000 recently (+$15,000). Is this it? Is this a major price peak or will it continue higher?
When taken in the context of what has transpired over the past 12+ months with COVID-19 and various global lock-downs, it does make sense that many more displaced workers across the globe may have become actively involved in Cryptos and alternate assets. It also makes sense that a rush into the recent upside trending in Bitcoin, starting near early October 2020, may have prompted a rush for Crypto traders/investors. Everyone loves it when their investments rally 80% or more in less than 60 days.
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Saturday, December 05, 2020
How to accomplish a technical analysis with the Forex / Currencies / Forex Trading
By: Submissions
In the preceding chapter we explained that to trade correctly with the Forex it is necessary to complete a daily technical analysis of the financial movements in the short and medium term.
This analysis is essential as it will help you to understand and anticipate certain effects and, in this way, consequently to improve your investments whilst keeping a good overall view of the market.
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Friday, December 04, 2020
Bitcoin Breath Taking Surge - Crypto Trading Event / Currencies / Bitcoin
By: EWI
Dear Reader,
"Breathtaking" is a fitting word to describe Bitcoin's surge from the March lows near $3,500 to the recent high near $20,000.
You probably want to know how much upside is left -- if any.
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Saturday, November 28, 2020
BLOCKCHAIN INVESTMENT PRIMER / Currencies / BlockChain
By: Raymond_Matison
Most people have added at least two new words to their vocabulary in the last decade – Bitcoin and blockchain, even if their understanding of these terms is far from complete. Perhaps they have been also exposed to the terms “distributed ledger technology” and “cryptocurrency” - with comparable lack of understanding. Yet all these terms will command increasing attention as investing in future technology will require understanding of these terms, and familiarity with the diversity of these emergent technologies.
These terms represent the language of new investment opportunities, similarly to the formerly new investment terms of more than a decade ago, such as integrated circuits, internet, email, on-line account, Google, and Amazon. This new technology is developing now, and there already are some investment opportunities at this time, but multiple more opportunities will develop over the next decade – just as they did when computing and internet continued to develop over time.
A clunky brick-sized telephone of the 1980s eventually gave rise to a “smart phone” and the attendant gargantuan investment returns on Apple, and other related technology stocks. Similarly, yet unknown and undeveloped opportunities will profit those who understand the blockchain technology and its evolution and use. This article is to provide a general understanding of various emerging technologies which may introduce useful services to consumers that can evolve into attractive investment products.
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Monday, November 23, 2020
Learn How To Trade Forex Successfully / Currencies / Forex Trading
By: Boris_Dzhingarov
f you are looking to get into forex trading, you might want a guide to help you make the very first step towards it. You can consider this article as the first step. Before starting forex trading, you need to gather the most basic knowledge about the forex market.
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Thursday, November 19, 2020
Reasons why Bitcoin is Treading at it's Highest Level Since 2017 and a Warning / Currencies / Bitcoin
By: Gary_Tanashian
MarketWatch used to pick up my posts on rare occasion but has not done so for a long time. Maybe they think I make fun of some of their articles or something. I don’t know what would give them that idea. I actually find MarketWatch useful in ironic and non-ironic ways.
But anyway, this morning an article tags along with the recent near-deafening Bitcoin noise…
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Wednesday, October 21, 2020
Auto Trading: A Beginner Guide to Automation in Forex / Currencies / Forex Trading
By: Submissions
Among the notable technological advancements in the forex ecosystem is auto trading. Not only does it replace manual trading but it is also making forex trading simpler and more profitable.
Before you decide whether or not to apply auto trading in forex you need its basics and where to use it.
What is auto trading? It the use of software to analyze markets as well as complete trades. It involves the application of artificial intelligence in forex trading.
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Thursday, October 15, 2020
Things you Should know before Trade Cryptos / Currencies / BlockChain
By: Sumeet_Manhas
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Wednesday, October 07, 2020
Want To Win Big In Forex Trading? Leverage Is Your Friend / Currencies / Forex Trading
By: Sumeet_Manhas
Foreign exchange brokers offer traders leverage on their accounts that allows them to enter into larger trades at no additional cost. A $10,000 size account with 50 times leverage implies a trader has access to $500,000 in buying power to do what they wish.
It is best to read and understand a leverage guide to understand the pros and cons of trading with someone else’s capital. But it might be a necessary evil as the forex market is void of gigantic daily moves that are common in the stock market. Ironically, the foreign exchange market is the largest and most liquid market in the world as $4 trillion worth of currencies trade hands on a daily basis.
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