Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Wednesday, May 30, 2018
Did the Crypto Market Just Bottom? / Currencies / BlockChain
By: Ryan_Wilday
In my recent article, "Time for a Crypto Lunar Rocket Launch?" I stated that we have been tracking bullish 5-wave patterns off the April lows, and viewed most cryptocurrencies in wave-2 corrections or about to complete the impulse and enter wave 2s. However, some disparate coins are currently in B waves or wave iv corrections.
I also stated that some of the corrective fractals that we were beginning to see were shallow, particularly that in Ethereum. Meanwhile, I said that corrective waves are notorious for twists and turns, and for changing the views of traders and analysts alike. So, I always ground myself in a zoomed-out point of view.
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Sunday, May 27, 2018
EUR USD Forex Analysis / Currencies / Euro
By: Austin_Galt
Latest Price – 116.61Previous analysis updated – price has continued to trade down but the overall outlook calling for a substantial rally remains unchanged.
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Thursday, May 24, 2018
The USD Index’s Outlook / Currencies / US Dollar
By: Nadia_Simmons
While we regularly cover the individual currency pairs, in today’s alert, we’ll focus on their common denominator – the USD Index. The reason is that whatever happens to it, will have profound implications on what happens in the rest of the forex world. And it seems that quite a lot is going to happen, and it’s not going to be intuitive.
As one can see, there is a general tendency for a given market to move up until it is very overbought and then to correct or decline significantly. At the least - visibly and at the most - extremely and another way of describing the latter is to say that the market is going to become very oversold.
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Thursday, May 24, 2018
EUR/USD – Reward for Bears / Currencies / Forex Trading
By: Nadia_Simmons
During the recent days, the euro extended losses against the greenback, which took EUR/USD to December 2017 lows and one more important support. What does it mean for the sellers?
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Tuesday, May 22, 2018
More Clarity for the Short Term for Bitcoin Price / Currencies / Bitcoin
By: Mike_McAra
Bitcoin has been on the move down from $10,000. The recent couple of days, however, saw the decline decelerate. Does this have any bullish indications for the currency at the moment. We actually do have some strong ideas on this question and on the possibility that we might have already seen a local extreme. We would like to share them in this alert along with thoughts on our already profitable hypothetical positions.
It’s really hard to put a reasonable number down as far as Bitcoin’s value is concerned. This doesn’t stop people from taking a crack at it. On the Forbes website, we read:
Tuesday, May 22, 2018
5 Reasons Why Forex Trading Is Becoming Such A Big Deal In SA / Currencies / Forex Trading
By: Submissions
Forex trading is quite popular in many parts of the world. In South Africa, it was not such a huge deal until recently. Recent years have been marked with so much buzz in the industry and today, it is a very vibrant and promising market. There are many reasons why things have changed. The most important of all has been the spread of success stories from actual traders. Many more people have since then ventured into the business and the top 10 South African forex brokers today continue to gain more clients. Here are the 5 main reasons why forex trading is capturing the attention of the masses.
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Sunday, May 20, 2018
Are You Still Fearful of Cryptos? / Currencies / Bitcoin
By: Avi_Gilburt
Ryan Wilday: Since leaving my job as a corporate design manager to analyze and trade cryptos (among other things), I’ve gained new attention from old colleagues. In circles of my former profession, I’m the guy that retired to trade for a living. While my departure from corporate life was something I planned for many years, cryptos certainly gave those plans a shot in the arm.
Regardless of how it came about, my early ‘retirement’ carries some lore; ‘He must have made millions on Bitcoin’ I’m sure some say.
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Saturday, May 19, 2018
Bitcoin Beyond the Bubble - Video / Currencies / Bitcoin
By: Jeff_Berwick
You know what’s almost as rewarding as being right about Bitcoin? The satisfaction of saying “I told you so” to all the powerful naysayers who scoffed at crypto years before it became today’s most profitable trend.
And that’s what the new documentary “Bitcoin: Beyond the Bubble” does so well, capturing the establishment freakout we in the crypto world have painstakingly endured for so many years.
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Thursday, May 17, 2018
Negative Signs for EUR/USD? AUD/USD - Battle / Currencies / Forex Trading
By: Nadia_Simmons
Monday's session discovered currency bulls’ weakness, which was mercilessly used by their opponents during yesterday's trading. Thanks to the sellers’ attack, EUR/USD hit a fresh 2018 low, but will we see further declines in the coming days?
Wednesday, May 16, 2018
IS BITCOIN ANONYMOUS? / Currencies / Bitcoin
By: Submissions
Like most people new to Bitcoin, you’re probably wondering whether it is anonymous. The answer is NO. While many individuals see it as an anonymous cryptocurrency or payment platform, Bitcoin, like many other cryptos is private but pseudo-anonymous.
While it doesn’t need users to provide their details, all the transactions they’ve made or will make are public domains, and everyone in the blockchain will be able to see them. To secure its transactions Bitcoin uses a public key, which is a long string of letters and numbers called a BTC address. These public keys are not tied to any identifiable details and information; however, in theory, they can be used to gather information about an individual over time.
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Tuesday, May 15, 2018
Bitcoin Tide Might Have Turned / Currencies / Bitcoin
By: Mike_McAra
Bitcoin stabilized, went up, went down and now is going up again. The ride has been wild and the opinions on the outlook in the market have been shifting. We hold a steady course and strive to filter out all the noise to give you the most relevant information. An there’s rarely a more important time than now for that. The tide might have turned and we’re on the lookout for a confirmation of the trigger. Such a confirmation could increase the profits on our hypothetical position.
The South Korean government moved to raid the biggest cryptocurrency exchange in the country. On Reuters, we read:
South Korean prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud, Yonhap news agency reported.
The agency did not give details. Neither Upbit nor the financial investigation team of the Seoul Southern District public prosecutors’ office was immediately available for comment..
Monday, May 14, 2018
U.S. Dollar Rally Is Doomed / Currencies / US Dollar
By: The_Gold_Report
Precious metals expert Michael Ballanger discusses movements in the U.S. dollar. There was an article written a few days back where the author vehemently denied that the U.S. dollar could go any lower and where the phrases "face-ripping," "face ripper," and "rip your face off" (as well as derivatives thereof) were mentioned no fewer than nine times in a fifteen-paragraph article. The reasons given were all highly subjective and based in Modern Portfolio Theory, but what was concluded is that, once again, the U.S. dollar remains the "least smelly shirt in the laundry hamper" with aromas emitted by the euro, yen, pound and yuan all significantly more pungent than the Yankee greenback. I whole-heartedly disagree and it has nothing to do with anything taught in the CFA course or at the Rotman School of Business but rather in The Academy of Common Sense and The Ballanger Institute for Non-BS Learning.
Monday, May 14, 2018
US Dollar One Reversal Too Many / Currencies / US Dollar
By: P_Radomski_CFA
Friday was the day when silver and mining stocks were likely to reverse based on their triangle-apex-based turning points and today is the day of gold’s apex-based reversal. Therefore, it seems likely that gold, silver and mining stocks are forming the final top for this short-term upswing, or that it is already in place. The problem with the reversal scenario is that the previous week was one big bearish reversal in the USD Index. Weekly reversals are significant and thus odds of a move lower in the USD increased substantially. This means more upside in metals and miners. What should one do with the profits from the current long position?
Saturday, May 12, 2018
The US Dollar Crash of 2018 / Currencies / US Dollar
By: Austin_Galt
Latest Price – 92.41
Price has rallied solidly over the last few weeks however absolutely no damage has been done to the overall downtrend and I believe a mini crash will occur over the coming months that sees price drop down to around the 80 level.
Friday, May 11, 2018
Bitcoin Simmering Slowly... / Currencies / Bitcoin
By: Mike_McAra
The situation in the market has become one where Bitcoin is trading on relatively low volume without major moves. But the currency is in a very important place. Actually, Bitcoin is simmering slowly. Will it boil? Will this increase the profits on our hypothetical positions?
The Bitcoin market has its undeniable quirks. From the wild volatility of the currency, to a community of developers supporting it, to the fact that Bitcoin can be put in vaults. Putting Bitcoin in “cold vaults” usually means transferring the currency to a storage device without any access to the Internet or any outside networks. But sometimes Bitcoin is put in actual vaults. In an article on Bloomberg, we read:
Behind the guards, the blast doors and down corridors of reinforced concrete, sit the encrypted computer servers -- connected to nothing -- that hold keys to a vast digital fortune.
Friday, May 11, 2018
Litecoin, Bitcoin and Ethereum Crypto Market Ready For Lunar Launch? / Currencies / BlockChain
By: Avi_Gilburt
Ryan Wilday writes: Over the last few months, I have released a couple articles suggesting a potential bottom was in for the crypto market. Unfortunately, support levels that I called out did not hold, so I had to look lower.
I am writing anew having seen a very bullish pattern off the recent lows struck on April 1. Currently, most of the coins we track have the "impulsive five," a pattern we look for to indicate a bottom. These patterns so far are more bullish in structure than previous patterns seen since January. Furthermore, these structures, as measured in Fibonacci levels, are higher than before. This is promising.
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Tuesday, May 08, 2018
Bitcoin is Bitcoin / Currencies / Bitcoin
By: Submissions
Mike Jarmuz writes: Someone once tried to sell me a used Rolex for $500 when the fair market value of this “Rolex” would be around $4,500. The watch said Rolex, it definitely looked like a Rolex and for someone who never had worn a Rolex before….. I guess it also felt like a Rolex. But… this watch was definitely NOT a Rolex and I thankfully did not make this purchase. This is pretty much the analogy for anyone buying Bitcoin Cash today and thinking it’s Bitcoin. It looks like Bitcoin, it may feel like Bitcoin and somehow there are people out there who refer to it as “the real Bitcoin.” I mean after all, Bitcoin.com has multiple PSA references and warnings about it. Unfortunately, they aren’t warning you (to your benefit) at all. They are one of the biggest proponents in the spreading of misinformation. The whole damn website is lousy with inaccurate and downright factually incorrect information. But why? Why would Bitcoin.com along with a handful of other “bad actors” try and doup the public?
Tuesday, May 08, 2018
Aussie Between the RBA Interest Rates and Trade War Talks / Currencies / Austrailia
By: Submissions
Australia’s central bank has kept their benchmark interest rate at record low 1.5%, and many Wall Street analysts believe that interest rates will remain on hold during 2018 and 2019. We are currently in the 19th consecutive month where interest rates have been held steady.
This continued hold on interest rates is why the AUD rate has continued to remain under pressure. The bearish trend established in 2011 is still intact despite the short rallies that have interrupted the trend.
Even though the RBA expects the Australian economy to grow faster, it also acknowledges that the weakening housing sector and the deflationary pressure themes are going to delay any prospects of normalizing the interest rates.
Saturday, May 05, 2018
DASH Cryptocurrency Analysis / Currencies / BlockChain
By: MarketsToday
Following Breakout of Bull Pennant Dash Pulls Back to Second Entry Zone
Dash (DASH/USD) breaks out of a bullish pennant and subsequently pulls back to test the top trend line of the pattern and the 50-period moving average as support. Note that the 50 period line was an exact match with the trend line at the breakout point. So far it has held thereby providing a possible second entry zone in anticipation of further strengthening following the breakout.
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Friday, May 04, 2018
How Does A Crypto Analyst Makes A Mistake And Still Make Over 265% Profit? / Currencies / BlockChain
By: Avi_Gilburt
Ryan Wilday is our newest analyst. When we found him, he had already been trading over two decades for a supplemental income, but without the Elliott Wave Theory. He was a quick study in the theory and soon was producing professionally accurate wave counts, according to our method- Fibonacci Pinball. Ryan was also an early adopter of cryptocurrency and trading the new asset class.
His life started to change in August 2017 when I brought him on staff at ElliottWave Trader to lead our cryptocurrency analysis team.
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