Dow Jones Industrial Average has been progressing to an unknown territory for the last few months. The index made an all-time high at 24876.07 on 18 December 2017 and due to the holiday season, the index did not move much this week. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the index is still in an...
FTSE 100 had a solid green candle on 27 December 2017 when the market re-opened and it closed at 7620.70 which was above the previous high of 7582.90 on 7 November 2017. Investors like you may be wondering this index in the near term. From a technical outlook, it would appear that the index has a near-term bullish bias since it made the low of 7288.70 on 1...
We have not looked at EURUSD for a while but it is time to take a look at the chart as it is on the verge of testing the high of 1.1961 on 27 November 2017. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had been retraced from the high of 1.1961 on 27 November 2017 to the recent low of 1.1717...
The price of Ethereum 5.55% was subject to huge volatile move on 22 December 2017 when the price hit $460 being the low of the day. Investors like you may be wondering what the next move of ETHUSD 5.55% is. ETHUSD 5.55% opened at $680 on 23 December 2017, which is slightly above 50% of the price range of 22 December 2017. From a technical outlook, we are...
In our last week's forecasting report on BitCoins, we forecast BTCUSD would potentially hit the target of 16,400 which it did today. We thus initiate a new forecasting reporting on BitCoins and see how the price of BTCUSD would potentially react next. From a technical outlook, the close of 26 December 2017 could not take out the high of the candle on 22...
Hang Seng Index has been in a near-term uptrend since the beginning of December 2017. The question is whether HSI will close at 30000 by the end of next week. Please take note that the market will be closed for 25 & 26 December 2017 in observance of the Christmas Holiday. HSI made a recent high of 30,200 on 22 November 2017 and since then it went all the way...
EURJPY has been in an uptrend between April and early Sep 2017 but since then, this pair has been in a range-bound mode. We were watching this pair closely and it gave us a potential breakout signal on 21 December 2017 but based on the price on 22 December 2017, it would appear that this potential signal did not work out. As you can see in this chart, EURJPY has...
We have been requested to provide a forecasting report on XRPUSD, a crypto-X which we are not familiar with. What we attempt to do is to provide our report using the same forecasting techniques on BTCUSD and ETHUSD and our point is that regardless of what instrument we trade, the same techniques can be applied across the board. XRPUSD was merely 0.20 on 8...
BitCoins 4.50% made a dramatic move to the downside on 22 December 2017. Investors like you may be wondering whether the price of BitCoins 4.50% ( BTCUSD 4.50% ) would continue to go down in the following week I am sure. From a technical outlook, BTCUSD 4.50% has been oversold and the move is too dramatic. So, there is indeed a possibility that the price will...