BTC price slides to USD3,400 as of current writing. The major cryptocurrency is expected to retain its bearish movement.
Fundamental - World oil prices will average 61 dollars per barrel in 2019 and 65 dollars per barrel in 2019. According to the US short-term outlook on energy Administration of energy information. The estimate is 11 dollars per bottom of the EIA forecast two months ago. The forecast declined in November after oil prices plummeted below $50 per barrel.
Fundamental analysis , Oil prices will hit a 20-cent low in today's intratrading before prices will start to increase. The steady price increase is due to large quantity of supply with low demand. Barclays had already said that last yeat's over production might repeat this year.
BCH / USD forced a major breach of the new trading form. Additional vulnerabilities are affected.
The ETH's short and medium term trend is bearish with current price at USD105 and lowest support level at USD90. If the movement continues and breaks the USD100 level, the support level might fall to USD85. As at the time of writing, the ETH price reached a low of $ 105. In the meantime, the stochastic indicator is in the oversold region but below the 20% range...
In its short term outlook, the cryptocurrency is in a bizarre trend. After the break in both EMAs, the bears ' takeover of the market was confirmed by the Bearish candle at $0.02910. In the demand area, TRXUSD initially dropped to $0.02682 and later to $0.02544.
BTC prices goes down by 4.2 percent but chances of having a bull run retains. However, more investors seem to opt for stable assets such as gold than volatile cryptocurrencies. Technical indicator RSI 30 mark level broke the support line pressuring the bitcoin to rebound.
Fundamental A: If stock markets spend the session under pressure in the United States, the precious metal could find demand as a safe haven and try to boost. Gold added 0.60 USD / t of oz. Or 0.05 percent to 1.304.63 in the previous trading session on Tuesday 29 January from 1.303.80. Historically, in September 2011, Gold reached an all-time high of 1898,25...
fundamental analysis - Oil stocks rose sharply with gasoline stocks rising by 4.1 million barrels and crude by 8 million barrels despite cut initiatives as demand on the commodities remains low. Meanwhile, gasoline futures and crude futures falls by 0.2 percent and 5 percent respectively.
Bitcoin is struggle to break the resistance level 4,000$ as its price 2 weeks ago. in fib retracement bitcoin just recovered a running of 0.1% from its fall from $6000 nov 2018 and its spot price. General sentiment - Bearish remain. Fundamental : The worst nightmares of Crypto came to life on Wednesday as the United States did. The Securities and Exchange...
Fundamental ; Starbucks Corp rose by 4 percent globally during the Q4, exceeding forecast revenue of 2.8 percent, with China and US as its top markets.
Fundamental - Intel shares dropped by 6.7 percent during NASDAQ's extended trading hours as the company hits below expected profit sales due to China's weak demand for the company's modern chips and data center. China's low demand is said to have been caused by the popularity of cloud-based services and fears on US-China trade tensions.
Yellow metal has a 4-hour chart with a bear flag; a bearish continuation pattern; which often speeds up the preceding bearish movement.
As going back on price as example from Nov 18 to Jan 2019 present - Gold jumped by 6.9% or 83 points by looking the trend on bitcoin with the same time frame , bitcoin crashed by -44% from 6300 to 3500 .
fundamental analysis : The employment change introduced by the Australian Statistics Bureau is a measure of the change in the number of workers in Australia. In general, an increase in this indicator has positive consequences for consumer expenditure that stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a...
Technical : mildly in bullish , Resistance 1.1447 with support level ( stop loss ) 1.1331 and 1.1312 Fundamental : President Draghi of the European Central Bank (ECB) is widely expected to sound dovish. The recent EUR / USD decline from 1,1570 to 1,1336 is likely to indicate that markets have already been priced. The timing of the first deposit rate increase was...
NZD / USD is stable in Early Asia as the top performer after the CPI result day before. NZD / USD is currently trading at 0.6782, lower than 0.6776 in the US session, supported by the 200- 1hr SMA. RSI - 69.1 with the resistance level of 0.6817 and support level 0.6776
Bitcoin might be nearing oversold levels with USD3,000 or USD3100 marked support. Currently, the major cryptocurrency seems to have stabilized at USD3,500. However, there might be an abrupt bear scare or bullish run for the cryptocurrencies given the characteristic of the market.