The US Dollar Index (DXY) during this year gains 2.16% (YTD). The current EW's structure, suggests the exhaustion of the bullish cycle that started on February 16, 2018. In this post, we'll review what should be the next path for the US Dollar Index.
Considering the lack of violation due to absence of economic events during the U,S,. session, we may see gold trading above 1,490 and bullish reversal is also expected above this level. Thus, consider staying bullish above 1,490 with a stop loss below 1,485 and target around 1,500 and 1,504.
Litecoin's Bounce does not break the desceding trendlne
THe MACD is in a bullish phase and the Stochastics in overbought area. The price bounced off of the $78.5 resistance. A break above that level may carry the price to $83. A close below 75,75 would signal more drops.
Bitcoin is having a consolidation of the recent drop. It has bounced above the bullish trendline (blue) and is moving in a triangular formation. MACD still bullish and Stoch hovering near overbought.
There seems to be strong resistance at $10,460. A close above it is bullish, A close below 9980 is bearish.
This week, the most active precious metal gold is currently up to $7.20 and trading around $1511 per troy ounce after placing high around 1,528. This is a new record close for this calendar year. Although gold futures had traded to an intraday high of $1545 on Monday of this week, the effective close came in at $1514.
Consider staying bullish above 1,512 and...
We can draw two bitcoin ascending trendlines, but oddly both end up confluencing at $10,000. So, the question is will the price obey and respect these trendlines and maintein the father of the digital currencies un a bullish trend?
come at dittotrade.com and vote!
XRPUSD keeps dominated by sellers. the 0.24630 support the last one before the lows made on August 17. MACD's histogram show increased bearishness. Stoch, though seems to indicate a resting period of consolidation of the recent loses. Overall outlook is evidently bearish.
Bitcoin bounced yesterday, but its advances stopped at about $10,400. Today is retracing that path and is hovering below $10,000. MACD is bearish, but Stoch. is trying to make a bull transition. We have to see how the current daily candle ends.
Bitcoin may be trying to find a bottom at the bullish trendline (blue)
The other scenario is the bitcoin continue its...
Litecoin has retraced 10=% of its last leg up. On July 14 he has breached its ascending trend line now it has breached July's 14 low. MACD turned bearish, while stoch is oversold.
It seems LTC is trying to find a floor close to its $69-70 support area. Overall it is bearish until the descending trendline is not trespassed to the upside.
Bitcoin continue losing ground with strength. THe MACD turned to bearish yesterday on the daily chart. THe first target will be its last lows, close to $9,000 then it might search for the bottom of the channel at $8,200