AlexKuptsikevich

AlexKuptsikevich

American markets remained under pressure on Tuesday. S&P 500 has updated October 2017 lows, increasing losses from the start of the month to 10% amid rumors that the Fed will raise the rate, but would drastically soften its forecasts for monetary policy, inflation and GDP. It is highly unlikely that the Fed will change its mind dramatically, whereas only three...

AlexKuptsikevich

Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers. According to Trustnodes, in November alone, finished ICO projects sold 416,000 raised ETHs, while about 3 million...

AlexKuptsikevich

EURUSD has received the local support near 1.1300 levels yesterday. Over the past month, the pair fluctuations’ amplitude has decreased noticeably, but it looks more likely to squeezed spring, rather than calm. Today, in the EU markets’ focus is the ECB meeting, which often causes strong volatility. Mario Draghi is expected to confirm that the Central Bank will...

AlexKuptsikevich

For the 4th day in a row it is trading around $3400 and technical analysis indicates on the possible rally almost exactly one year after reaching peak levels. 1. RSI on Daily chart increases above 30 after strong oversold levels. 2. Moreover, we see divergence between price and RSI index, with the last reaches higher lows while BTCUSD fell to lower lows. Just...

AlexKuptsikevich Updated 

In the previous three months, we saw lower rebounds for GBPUSD: 1.3300, 1.3250, 1.3170. By now, it has returned to major support line at 1.27, from where the pair rebounded in August and November. Also, this level was an important watershed in 2017, which increases its importance. THis line Falling under this support can start the movement down to 1.20, to lows...

AlexKuptsikevich

The single currency cannot choose its trend, being almost unchanged in November. Over the past month, the fluctuations of the pair have become less pronounced, as market participants consolidate their positions in anticipation of important signals from the Fed and the ECB, the most influential world central banks. The EURUSD pair fluctuates around the level of...

AlexKuptsikevich

S&P500 yesterday failed to develop its rebound above the previous local highs. The growth of the futures for index above the 2815 level has fast reversed to decline, which could be a harbinger of a new index drawdown to the October-November lows. The Sell signal, according to the technical analysis, has straightened after "death cross" looms. It is when 50-days...

AlexKuptsikevich

The U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach to an agreement in the next 90 days. As a result, the U.S. dollar has been languishing at lower levels while the stock markets have been rapidly climbing upwards. It seems that investors preferred to focus on the positive signals and in...

AlexKuptsikevich

Bitcoin continues to actively lose its position, as well as the entire cryptocurrency market. There are no important support levels in the 3500-5800 area, so the weakening of BTCUSD can continue up to the bottom of the range even without fight. However, it is worth paying attention to how the market players behave near $3500. This is the area of reversal to...

AlexKuptsikevich

Positive closing of the day will increase the divergence between the RSI index and the price. At the moment, the index DJI adds to the Premarket. Closing of the day in with growth will allow to talk about exhaustion of the downward impulse and can precede a substantial reversal in the direction to the growth. Besides this there are a few things that allow us to...

AlexKuptsikevich

Last week’s sell-off seemed to be a turning point for the crypto market. During this week only, the price of Bitcoin (BTC) has fallen by 20%, trading below $4,400 at one point today. It is worth noting that this was not a single sharp collapse as last week, but rather a systematic sell-off throughout the day. Markets participants are trying to sense whether this...

AlexKuptsikevich

it is worth to pay attention to the dynamics of the dollar near 95.80 on DXY and the potential of EURUSD to continue its growth above 1.1400. Confirmation for bullish reversal would be in the case of the pair growing above 1.1500 (previous highs). This could become signal for braking short-term downward impulse for the pair. But In the longer run, there is not...

AlexKuptsikevich

It is worth to pay attention to the dynamics of the GBPUSD near support area at 1.2700. A fall below this point may be a signal of a serious prospects revaluation, which can cause a fairly rapid reduction of the pair to the post-Brexit lows, just a little above 1.2000. As Brexit draft plan published, now markets are shifting their focus to the Macroeconomics, and...

AlexKuptsikevich Updated 

Once again, Bitcoin is dangerously close to the local lows. Since June, we have many times seen that bulls stand up for protection of the benchmark of the cryptocurrency on the falls to around $6100. Meanwhile, reversals to decline on the BTCUSD pair are happening on low levels. Last week, the reach of just $6500 became a turning point to the next reversal. It...

AlexKuptsikevich

This morning we saw another one sharp reversal of Yuan to growth. In the previous month, the People's Bank of China actively engaged in interventions in the foreign exchange market and spent on it more $34 bln, protecting national currency from disordrly decline, although it did not interfere USDCNH’s from crawling up. In November, we have already seen a couple...

AlexKuptsikevich

The dollar index closed last week at the highest level since June 2017, and at the beginning of the new week has continued its decisive growth. The index moved up the important resistance, from where it has turned to the decline earlier this year. Also, RSI is growing, and still have some distance from the overbought area, leaving the potential for further dollar...

AlexKuptsikevich

Brent crude lost more than 20% from its peak value in early October. Essentially, a decrease of more than 20% from peak value is considered a sign of a bear market for the instrument and indicates a further decline. During the October sale-off, the oil fell under the support line of the upward channel. However, such an exit from the channel still requires...