Monfex

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview XAU/USD . What do you expect from Gold? The classic pattern inverted Cup & Handle here. And XAU for now at the support zone 50% Fibonacci. Expect fallin at the 61.8% level and testing of 50% and in this moment it will be the best place to open short position. The resistance zone ~ $1518-1520...

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview UBER. Uber said that they will achieve profitability of EBITDA in 2021. After this we see fallin of its shares -9.8%. But it looks like speculative statement because of great demand near $26 . Bearish divergence by RSI has already played out. Now Uber has a triple bullish divergence, and the...

Monfex

Hello, Traders! Monfex is at your service and today we overview XRPUSD. The head of MoneyGram payment service, Alex Holmes, at a Swell 2019 conference, said that his company uses Ripple's XRP cryptocurrency to process 10% of U.S.-Mexico transactions using On-Demand Liquidity (ODL), formerly known as xRapid. Ripple thawed another billion XRP coins. In 2017, the...

Monfex

Hi, Traders ! Monfex is on the air ! While Bitcoin demonstrates a short-term weakness, the talks around the next halvening are not tailing away. * Based on the analysis of Bitcoin's prominent investor and analyst Tuur Demeester, Bitcoin market would require $2.9 billion of investment influx to keep the price above $8,000 ahead of the next halving. * This...

Monfex

Hello, Traders! Monfex is at your service and today we overview EOS/USD . A week ago, in one week the number of participants in the EOS network fell by 43%. But EOS continue to grow. Now EOS under and near the resistance line of the big descending channel and it's can be signal to sell. Also we have key resistance level by breakout of which we can open long...

Monfex

Hi, Traders ! Monfex is at your service ! Bitcoin is below $9,000, but is still within the projected buying area. * Bitcoin ended up a relatively bearish week with a 5% decline, registered on Friday. Now it shows weak signs of recovery. * The current situation is rather tricky and ambiguous since the price could exit either direction from where it is now. *...

Monfex

Hi, Traders ! Monfex is on the air ! Not much has changed for Bitcoin in the short-run. Mid- to long-term outlook remains stable. * We are observing a 'familiar sight' over the last couple of weeks: Bitcoin shows low volatility at low volume and in a narrow range. * Strongly supported at $9,000, BTC is not expected to drop significantly below this level,...

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview XRP/USD . By breakout the local resistance we set a goal of 100% Fibonacci. Or we can open a long position if the price will reach the local support zone. The local resistance zone ~ $0.30285 The local support zone ~ $0.3 Active Trade Signal by XRP/USD Buy by breakout the $0.303 ...

Monfex

Hi, Traders ! Monfex is on the air ! Hot real-time trading signal on Ripple (XRP)! * Ripple has broken down the ascending triangle and promptly headed South. * The bears could potentially force the price down to the supporting (green) trend line, around 50% Fib correction level. * However, the space downward is a bit restricted and you should watch carefully...

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview Mastercard . The company has recently processed 28.2 billion transactions, which in dollar terms is about $ 1.7 trillion . And this is 22% more than a year earlier. MasterCard says the number of transactions has grown thanks to the new click-to-pay payment technology. It allows you to make a...

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview Microsoft . Last Friday, the Pentagon selected Microsoft as the winner of its winner-takes-all cloud contract, which could be valued as high as $10B. The Global 2000: The World’s Best Employers List consists of 500 companies. In the second place - Microsoft ! A Flat top triangle pattern was broken...

Monfex

Hello, Traders! Monfex is at your service and today we overview MCDONALDS Corporation. Mcdonalds fired their CEO, with which the company's capitalization doubled. The first downward movement was in early September, at the same time as the "The Game Changers" popular film about vegetarianism was released. Perhaps this is connected, but not exactly. This year,...

Monfex

Hi, Traders ! Monfex is on the air ! Silver's price seems to be shaping out the Bear Flag pattern. Short is active! * The price of silver (XAGUSD) has drop sharply from $18 to around $17.60 on Tuesday's trading session. * FOMC decision to cut interest rates and weaker-than-expected PMI data from China couldn't restrain Silver's price from falling. * Though,...

Monfex

Hi, Traders ! Monfex is on the air ! The S&P 500 set a new all-time high of 3,079 as of 4'Nov2019 having opened up with a gap above the key resistance level. * S&P 500 continues to set records as risk appetite of some traders and the overall confidence in stock market are both rising. * However, one should become really cautious of going Long at these...

Monfex

Hi, Traders ! Monfex is at your service ! Please find below our Weekend update on Bitcoin price action. * Bitcoin keeps steadily holding above $9,000 despite a slightly increased bearish activity, and it seems to have entered a prolonged consolidation phase on H1-H4 time-frame. * As we approach Bitcoin halving (due in May 2020), the prevailing price dynamic...

Monfex

Hi, Traders ! Monfex is on the air ! BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform. * The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also...

Monfex Updated 

Hello, Traders! Monfex is at your service and today we overview Apple . AAPL is forming an ascending wedge which target is the local support zone and 50% Fibonacci with MA200. It also can be a double top pattern inside this wedge . The local resistance zone ~ $249.6 The local support zone ~ $235 Market Cap 1124.191 Share your thoughts, ideas about...

Monfex

Hi, Traders ! Monfex is on the air ! Gold rushes back to above the key $1,500 level to settle at a 5-week high, on the back of battered U.S. stock market and weakened U.S. dollar. * Gold is finalizing the Cup & Handle pattern, currently riding the ultimate wave towards August/September's highs of $1,550. * The demand for Gold as a haven was spurred by the...