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Its the day before Christmas and a vast majority of people will be taking their profits over the festive period - This in turn creates great opportunites for the long term buyers to get in at just under $1 before things really start taking off next year. On the 4h timeframe we are looking at our next support level of 0.87 for our downside target and depending on...
Yesterday the 20th December we saw a huge day for Ripple as it broke the $1 mark which is extremely encouraging. However yesterday we heard the devostating news that the coin exchange 'Youbit' was subject to a cyber attack - This saw huge declines today (21st December) all across the cryptocurrency market. A combination of people offloading their profits before...
We are currently sitting at a super key resistance level at 1.18404 and depending on how the price action reacts to this; could see us either come back down to our support level at 1.17170 or continue the bullish momentum and head towards 1.19094. To conclude my overall bias for this week is neutral but i am keeping a very careful eye on the next move for this...
As we head towards the middle of December we see that the USD/JPY is experiencing possible trend exhaustion as the last 8 hours of Friday's markets ended with a strong bearish dip. Keeping a close eye on everything JPY at the minute as it seems like the pair is creating some extremely interesting volatility. My overall bias is for the USD to lose strength against...
I've been keeping an extra close on this pair over the past two weeks (despite the general trend direction favouring the bullish price action for a year and a half) the 260pip consolidation period that we have been stuck in since the 18th September 2017 is showing signs of exhaustion on the H4 chart and we could be looking at a run of bearish price action as we...
