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Bitcoin (BTC) on the verge to break below $10kThe BTC/USD pair opened the new trading week with a volatile session during which we saw it moving in the $10,600-$10,200 range. It closed the day on Monday, September 9 at $10,297. On the next day we found it dropping even lower losing 2.4 percent of its value and closing at $10,070. The $10,000 level was not quite stable during the past few weeks, still bulls were hoping to hold it for a longer period this time in order to consolidate and set the ground for further attacks of the mid-$10k and $11k levels. The mid-week session on September 11 brought some stability as bitcoin erased some part of the loses from the previous session and climbed to $10,158. If we fall below $10,000 I expect another test of $9,400. Given the fact we are already in September, returning to trading season I don't expect it to fall further down. The pessimistic scenario sees BTC at $9,100.
BITSTAMP:BTCUSDShort
by FutureBlockchain
XAUUSD Longterm Outlook and ThoughtsJust testing out some new concepts, so I'm not 100% married to this outlook as it differs from my usual analysis, but regardless let's see what it tells us. Keep in mind when I make my targets (shown as BCD in pink), I expect the market to pivot within some range of that price (as indicated by the pink boxes), as is the case in all my charts. We are currently in the midst of an uptrend which I see pivoting around $1665 (B in pink). So we can take some Buys up to around that price, but be weary of possibly at least one more small pullback on the way up that may take you out of your trade if your SL's are too tight. From here we can expect a leg down to around $1175 (C in pink). Since this itself will take a few years to play out, I don't think it's worth discussing the targets that are further out at this point in time. Let's see how it progresses.
FX:XAUUSD
by PHICAPITALINVESTMENTS
Dax daily: 26 Aug 2019 Friday's session started relatively innocent. As per our expectations, Dax descended to hit our support zone of 11 759 and closed the gap. We also saw buyers attempting to regain control before the storm hit the markets. News had it that China retaliated on the US import taxes and to no surprise, Trump's swift reaction on Twitter caused even more havoc when he lifted the existing tariffs even more (including services industry) and ordered american companies to withdraw from China. Dax bears started to jump out of the window and retested the subject S/R zone after the initial plunge. Next bearish target was the following support at 11 560 which slowed down the price for a few hours just to drop even lower to close the week at 11 532. Important zones Resistance: 11 645, 11 707, 11 611 Support: 11 404 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 10:00 CEST - EUR - German Ifo Business Climate All-day - G7 Meeting in France Today's session hypothesis For today, we estimate to see some correction of Friday's downfall. Ideally, the price could reach 11 611 - 11 645 levels which could work well for sellers to take the price towards the support around 11 404. Beware of today's news, especially some G7 Meeting after-tremors.
EUREX:FDAX1!
by FTMO