Today, after a long time, we will look again at Litecoin. If Bitcoin is referred to as digital gold, Litecoin is nicknamed digital silver. He's the smallest brother of Bitcoin and we'll go over his technical analysis today.
Litecoin has a similar graph to the other altcoins and bitcoin itself. As you can see on the 4H chart, its structure is very...
Euro - US currency pier has crossed T2, this is a signal to short EUR, but still be careful, because price has crossed back T2, so we need more time. The head and shoulders was formed perfectly yesterday, that was great opportunity for short sell.
Following last signal, inside the pattern triangular another pattern head and shoulders was formed, which can be the argument that price will cross T2 trendline. But we can make final decision only after crossing
The history of cryptocurrencies will certainly remember the last week as a tragic one and therefore we will discuss bitcoin again today.
In the last analysis, we also marked the lower trend line on the chart. Probably, no one expected it to be tested just a couple of days later. At the moment, we are probably on the strongest trend line and on key...
T1 is crossed, technically you can buy USD against JPY, but in my opinion it's little bit risky now, because fundamentals are extrimly changing and Japanies yen is quite strong and stable. So buy USDJPY, but be careful and in case if price will cross back T1 clos the deal.
Turkish lira continuously weakening. The lowest price was reached in 2018 7.080 against US dollar, looks like the same level will be reached soon. Rising tention with EU about refugies, turism crisis (actually tourism is on of the main parts of the economy), so the mix of this two fundamental factors will push TRY lower.
US dollar= Japanies yen currency pier is loading for the big game ! Pattern triangle on H4 chart, actually the pattern is neutral, not bullish or bearish, but you can make decision after crossing of T1 or T2 trendlines, trading on a same direction. Wish you successfull and healthy week !
Today we're looking again at bitcoin, but this time with the long-term lenses.
Currently, halving comes out on May 11, 2020, and many people have speculated based on the past that if history repeats, we should grow before halving. Subsequently, in the halving period, we would slightly decline (even consolidate) and grow again. The bitter surprise is...
Long term analysis on US dollar - Ukrainian hryvnia currency pier - now trading at 24.973. Fundamentaly US dollar is weak, but most of major currencies are decreasing do to Coronavirus Crisis, so there is kind of a balance on Foreign exchange market. So the pattern Head and Shoulders looks perfect, which is a signal to buy USD against AUH, but we need to follow...
EUR USD Target 2 - Done... Red monday on stock markets, oil down with 30%, Saudi Aramco -38%, airline stocks following downtrend, no all eyes on policy makers. To make weekly decisions we need to wait US session, when weekly trend will be formed on Foreign Exchange Markets