We wouldn’t run you through on the boredom news that booms across the cryptocurrency gamut which is universally known. Yes, we meant constant steep slumps in the cryptocurrency prices.
Bitcoin and its peers have again resumed their bearish streaks, sliding further after consolidating briefly above 7-DMAs. The price tumbles below $3,500 mark swiftly, as well as ...
AUD/NZD has broken "Symmetric Triangle" pattern, raising scope for further downside.
Technicals support further weakness, drag till 1.0370 (Jun 2017 low) now likely.
Stay short on upticks around 1.05, SL: 1.0555, TP: 1.0370
Break below 21-EMA will see weakness. Scope for dip till 200-DMA at 75.75.
Technical studies on weekly charts is biased higher. But we see some weakness on the dailies.
Price action has broken below 5-DMA and 5-DMA has turned. RSI and Stochs are biased lower after rollover from overbought levels.
We see bearish divergence on RSI and Stochs which adds to the ...
How about deriving returns even in bearish cryptocurrency trend? A run through on triangular arbitrage opportunity:
We have been noticing blood bath in the cryptocurrency space, as BTCUSD slides more than -18.19% this week, while ETHUSD tumbles about -27.43%, and so is the case with LTCUSD to show more than -25.77% dips.
Wouldn’t you astonished you can still ...
EURUSD has once again pared gains after showing a jump above 1.1400 level. It hits high of
1.14126 and is currently trading around 1.13633.
The major factor which affects EURUSD price are
US bond yield: The US 10 year bond yield declined sharply yesterday and hits low of 2.81%. It has shown a minor recovery till 2.90% but trading below 200-day MA. It is ...
Technical Glance: EURCHFforms bearish engulfing pattern which has nudged price below DMAs. This bearish pattern has occurred at 1.1326 & 1.1344 levels on 4H plotting and 1.1522 levels that signals weakness in the major trend.
For now, more slumps seem to be on the cards upon bearish MACD & SMA crossovers (refer 4H chart).
While both leading oscillators (RSI ...
Cable prices remain subdued at 1.2729 levels, but the intra-day perspective is still volatile. A rally through the 1.2800 - 1.2850 is needed to ease today’s bearish pressure and indicates a broader recovery towards 1.3000 could be foreseen.
Otherwise, the risks remain for another test through the 1.2660 area of support, with 1.2595 and then 1.2500 the next ...
CADJPY forms bearish engulfing pattern at 85.025 levels that nudges price towards DMAs on daily plotting. While both leading & lagging oscillators indicate momentum and bearish trend continuation on daily terms.
The stiff resistance zone is observed at 86.355 levels, current price well below DMAs and price dips likely to prolong upto next strong support at ...
- 5-DMA has turned lower
- price has slipped below 200-DMA
- Stochs and RSI are sharply lower
- MACD shows bearish crossover on signal line
- Recovery remains capped at 20-DMA
Support levels - 81.65 (110-EMA), 81.22 (50% Fib), 80.60 (61.8% Fib)
Resistance levels - 81.87 (200-DMA), 82, 82.65 (5-DMA)
Good to go short on upticks, SL: 82.30, TP: 81.25/ 80.60
Aussie dented by dismal data.
Australia Q3 GDP (Wed) arrived well below estimates, supporting the view that RBA will keep rates unchanged through 2019.
Today's unexpected miss in Australia's Trade Balance further weighs.
Markets brush aside positive Retail sales, pushing the pair lower.
AUD/USD on a downfall for the 4th straight session. Slips below all major ...
Gold has shown a minor jump of nearly $8 yesterday on declining US 10 year yield. It is currently trading around $1239.01.
The major three factors that drive gold prices
US dollar Index: Neutral. DXY is trading flat after hitting high of 97.20.The index is facing strong support around 96.60 and any violation below targets 96/95.68.US Dollar index’s previous high ...
WTI crude’s shooting stars snap rallies in both minor and major trends – Trade Tunnel Spreads and hedge via CME futures:
Technically, on WTI crude price chart, recent rallies were restrained below stiff resistance (i.e. 21DMAs) in the minor trend on shooting star formation at $52.57 levels, for now, more slumps seem to be on cards amid mild rallies, current ...
EUR/GPB is extending break above major trendline resistance at 0.89 level.
Brexit uncertainties continue to dent sentiment surrounding the British Pound.
While on the other side, falling Italy-German yield spread favors upside in the EUR.
Technical indicators also support upside in the pair. Momentum strongly higher.
Break above 61.8% Fib has raised scope for test ...
From last two days, EURAUD bulls attempt to counter gap down formation, upswing seems unlikely to prolong as both leading and lagging indicators are not in conformity to the prevailing bullish rallies (refer monthly chart).
For now, we could foresee stiff resistance at 1.5537 levels (i.e. 7-DMAs) in the minor trend, while current price is lingering at the strong ...
Gold trades higher for second consecutive day.and jumped more than $15 from low of $1221.50 made yesterday on account of easing bond yield and minor weakness in US dollar .It is currently trading around $1237.48.
The major three factors that drive gold prices
US dollar Index: Weak. DXY declined after a minor recovery till 97.31.The index is facing strong ...
GBP/NZD hits fresh 13-month lows at 1.83 handle, bias lower.
Momentum with the bears. Price action has slipped below weekly cloud and rising volatility signals further drag lower.
Markets largely ignored upbeat IHS Markit's Manufacturing PMI. Brexit uncertainty to keep any recovery attempts in the pound capped.
The pair eyes next major support at 61.8% Fib ...