Have you watched the movie "The Big Short" with Christian Bale? You can watch it now live on Bitcoin chart :) It is difficult to say, but I would expect Bitcoin to finally find some support at 7500 and to retrace some losses. Most probably, after a small pullback the big short continues to its next target 7000.
After bearish flag and bearish pennant Bitcoin finally reached 8000 level, I would expect short term bounce from support up to 8400 before they short it again.
Bad news prove means nothing in the crypto market. With the financial watchdog in South Korea investigating crypto exchanges for money laundering traders expected bitcoin to drop further. The bearish scenario is still valid, but obviously too many short positions were placed and the whale decided to stop them out before short it again. I would expect further drops...
While the U.S. dollar is expected to rally across the board should Hilary Clinton win the election, we are looking for a surprise when it comes to the GBPUSD pair. The British pound has been grossly oversold over the past couple of weeks and we see the rally last week as only the beginning of a broader correction. We would be buying the pair at 1.2355 looking for...
Gold has started to lose its luster as Donald Trump's chances for the presidency have deteriorated. The financial markets are looking for a big rally in stocks should Hilary Clinton wins and we are looking to capitalize on the opportunity to play an inverse correlation with XAUUSD here. A rebound and a retest of 1284 would be needed for us to establish short...
The U.S. Presidential election is finally upon us and the outcome is anything but certain. That said, we are anticipating that Donald Trump will fail to get elected and a Hilary win will be positive for the U.S. dollar and the EURUSD in particular, since this pair has started rallying in the aftermath of the latest political developments on the Friday when the FBI...
We are looking to establish long positions on the USDJPY pair as the U.S. Presidential election is looming. Our baseline scenario is that Hilary Clinton will be the new President of the United States. We see this development as a positive for the U.S. dollar and as such we expect that the global reserve currency will rally across the board. The closest big support...
Yesterday the broad dollar decline trend has stalled as Donal Trump's surge in the polls was somewhat arrested. With less than 5 days before the US election, we are likely to see some consolidation ahead with the first hurdle to the upside for the USDJPY being at 103.50. We would be shorting when the price gets there, even if the non-farm payrolls data which is...
The AUDUSD has been consolidating in recent sessions as the prospects for a move higher driven by the broad US dollar weakness are due to be negated by a decline in the value of risk assets like stocks. The Australian dollar is typically sensitive to moves in commodities and the balance of risks is currently tilted to the upside somewhat. We are seeing a rally in...
The GBPUSD pair has rallied strongly since yesterday's tight election polls have shown that Donald Trump is rapidly gathering support in the last minute of the US presidential race. The latest hint from the Federal Reserve that they will increase rates in December has been largely priced into the market and the correction in GBPUSD is continuing. We are seeing the...
We have seen the GBPUSD test the higher end of the recent range in the aftermath of board dollar weakness due to Donald trump's surge in the polls. The move higher has stalled as the pair approached key levels above 1.2280. We are gearing to buy should the price drop to test minor support levels in the 1.2250-55 area.
We have seen the USDJPY losing ground in recent trade as Donald Trump is surging in the polls. We are likely to experience some consolidation before the move lower continues amid a tightening US election. We are looking towards 104.00 to establish short positions on the USDJPY targeting the base in the 103.20 area.
Looking at recent price action, we are seeing prospects for the USDJPY to go lower from the 105.20-25 area. The pair has extended to the during the early European morning, however the fundamentals for a move higher are not substantial. The Bank of Japan did not hint at any new policy measures this morning, while in the U.S. we are not seeing any follow through...
The fundamentals for the GBP/USD pair have been chasing in recent hours as Mark Carney remains at the helm of the Bank of England and the U.S. inflation data has been recently benign, signifying less chances for more than one rate hike. We are looking to buy the GBP/USD at current levels around 1.2230.
