Bitcoin chart analysis, are still showing some signs that buyers could return and fill us at $9525. In the meantime, prices are forming lower highs and lower lows, which indicates that sellers are at steady to lower mode.
While we close out trading for this week, there are many questions, such as with all the current uncertainty, why there isn't any considerable rally in the Gold market. Even Fridays price action has just taken the market back to the $1350 price level, nonetheless beneath the $1362 figure established earlier.
The answer is: there has been extensive short covering...
The DXY, a comparison of the US Dollar to 6 main global currencies, was off 0.5% to close at 89.44. The chart shows an intriguing argument to avoid buying on rumors and fundamental facts, instead of price action process. Investors and traders, of course, have to be on the watch for evolving fundamental backdrop that is often expressed through a violent move.
Should you be in any doubt just what Asia market thinks of the potential of a trade war, everyone could see the answer on Friday. All main Asian indices lower losses in between 2% and Japan’s Nikkei225 Index was hit with minus 4.5%. The Yen currency witnessed the flight to high-quality and too at some point was trading employing a 104 handle.
The German DAX Index has been walloped once again which was feeling the brunt of the vitality, closing all the way down nearly 2%, it was the autos, financials, and heavy manufacturing market sectors where sellers were forced to shed offers to draw in volume.
The DAX Index is currently at levels comparable to March and those of 2017 summer, with significant...
Another big down trading day for equities. As Trade Selected Signal projected DJIA losses additional 2% on Friday session to head towards our T/P of 23375 (See Dow Jones Industrial Average Index_UPDATE chart).
This VIX chart demonstrates the VIX Volatility Index (Chicago Board Options Exchange) featuring investors complacent. From the VIX Index, a displayed...
This week has seen NZD/USD pair turn a corner, with the break back below $71605 pointing towards an upside rally. The current price pattern is likely to break lower again given the mini downtrend coming into it our buy level.
The price of AUD/USD pair has lastly was able to rally. However, it is already faltering. Further lows will pinpoint the T/P of $0.75030. A retrieval that proceeds back higher than $0.77900 will be a sell given that the pair stays trapped in a downtrend.
USD/JPY pair bearish momentum remains firm, as the currency was heading towards 2016 low. A weak currency was the rationale provided for the 1% rally witnessed in the Nikkei Index. Market talk is of institutional buying, retail investors, and pension all looking for stock. Our possible entry at 105.180 is in progress.
The USD/CHF pair has pulled away from its month high at 0.95700 and needs to slide down towards our entry 0.93770 to have a clear shot at specified T/P's. With that being said, the current short-term outlook on the USD/CHF remains bullish.
The Index has seen further downside over the course of the trading session on Thursday after moving lower early in the day trading session. The Dow Jones is adding a substantial loss to the modest losses posted in the previous session. Stop loss is moved to 24700 to protect our in the money trade, keep an eye on key support 23860 for a partial trade Take Profit.
The USD/CAD pair was traded with strength with a brief trip over the 1.31250 level on the back of some severe US Dollar strength; we have been seeing the USD/CAD pair steady to lower during the last 24 hours, and the pair now trades just under the 1.300 price. The market looks ahead to some important news Wednesday afternoon.
The stock market has been wobbly in March following going down hard in February, though consumers keep getting more self-confident. That appears like it ought to be an automatic sell signal coming from a contrarian perspective. However, it hasn't been the case.