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  1. #111
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    BITCOIN CASH, LITECOIN AND RIPPLE DAILY ANALYSIS – 03/04/18

    Bitcoin Cash managed to close out Monday in positive territory, gaining 3.37% to end the day at $662.9, partially reversing Sunday’s 5.98% slide, while bringing to an end 7 consecutive days of losses.

    The day was relatively less choppy than in recent weeks, with Bitcoin Cash seeing few sell-offs during the day and more importantly avoided an end of day pullback.

    While there will have been some relief from Monday’s gains, Bitcoin Cash failed to touch $700 levels for the first time since the December rally, with an intraday high $686.2 falling short of the day’s first major resistance level of $688.2 and 23.6% FIB Retracement Level of $730.27.

    Monday’s gains were certainly not impressive enough to suggest a reversal to the extended bearish trend formed back on 21st March, while an intraday low $636.4 managed to avoid testing the first major support level of $608.4.

    Following Monday’s gains, Bitcoin Cash was up 3.58% to $683.9, with investors brushing off an early morning $657 low, as sentiment across the cryptomarket continued to improve off the back of Monday’s gains.

    A morning $695 high tested the day’s first major resistance level of $687.27 early, with resistance at the psychological $700 level pinning back any move through to the day’s 23.6% FIB Retracement Level of $730.27.

    For the day ahead, a move back through to the morning high $695 would be needed to support a run at the 23.6% FIB Retracement Level, with such a move likely to begin signalling a short-term bullish trend formation that would draw in side lined investors looking to ride out the bearish trend formed on 21st March.

    Failure to break through to $700 levels could test investor appetite later in the day and lead to a pullback to this morning’s lows, though we would expect support levels to remain untested today, the key milestone for Bitcoin Cash being to move through to and hold on to $700 levels by the end of the day.

    Click Here To Read LITECOIN AND RIPPLE TECHNICAL ANALYSIS

  2. #112
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    BITCOIN AND ETHEREUM PRICE FORECAST -04/04/2018

    The prices have stalled near the $7400 region as expected
    The BTC prices have rebounded as expected but they now seem to have hit a wall and again, this is something that we have been forecasting. The region around $7400 was a strong support and the break through this region had led the prices to slide towards the lows of the range below $7000. Now the prices are back in this region but have been finding it difficult to get a way through this region due to the strong selling that we have been seeing. The prices are likely to continue to face some strong resistance for the time being and this is going to be the biggest challenge for the bulls in the short term.

    Prices Stall
    The bulls need to show purpose and momentum and prove to the rest of the market that the momentum is on their side for them to get convinced and join them. Else, it is likely that the BTC market would be hit with a lot of selling in the short term which would then push the prices lower. If and when the bulls do manage to break through, more traders are likely to join their side and this snowballing effect would help to make the passage to the $7800 region smooth and quick as well. It remains to be seen whether they would be able to make the breakthrough today.

    Read More Technical Analysis: Click Here

  3. #113
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    AUD/USD FALLS BACK INTO 0.7750 AS INFLATION EXPECTATIONS, HOME INVESTMENTS FUMBLE

    • The Aussie is struggling to maintain bullish momentum as risk appetite sours and Aussie data falters.
    • The macro calendar is clear for the Aussie for the rest of the week and market sentiment is getting dragged down by the ongoing Syrian crisis.

    The AUD/USD is tripping back into the 0.7750 zone after the Aussie lifted into 0.7770 in the overnight session to challenge yesterday’s highs, but the move has been hobbled and the AUD/USD is backing away from the high on disappointing macro figures.
    Further reading – Australia inflationary expectations fell slightly in April
    Australia inflation expectations declined slightly to 3.6 percent from the previous 3.7 percent today, and after that Investment Lending for Homes only lifted by 0.5 percent, a decline from the previous 1.1 percent. Home Loans data beat the expected -0.6 percent forecast to print at -0.2 percent. The figure is an improvement over the previous reading of -1.1 percent, but still a declining number.
    The Aussie has rallied lately after China appeared willing to meet the US at the negotiation table based on Chinese President Xi Jinping’s words at the Boao Forum, but the market risk appetite is evaporating as Middle East tensions over Syria threaten to spill over in the UN.

    AUD/USD Levels to watch
    The pair is going to start challenging support if the decline continues, and as FXStreet’s own Flavio Tosti noted earlier, “the AUD/USD has rebounded from its 200-period simple moving average and is currently trading in the 0.7740-0.7773 range. Support lies at 0.7728, previous swing and at 0.7691 demand level. Resistance is seen at 0.7770 which is the high made on Tuesday and further up at 0.7845 swing low on March 13.”

    Read More: http://www.xtreamforex.com/

  4. #114
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    MARKET MORNING BRIEFING: EURO YEN IS CONTINUING TO STAY NEAR 129.5-130.0
    MORNING BRIEFING

    All indices are mixed. Dow and Nikkei has some scope of rising in the coming sessions while Dax, Nifty and Shanghai looks bearish.

    Dow (25322.31, +0.023%) and Dax (12842.91, +0.60%) have both moved up slightly. Dow has room on the upside and could rise further in the coming sessions towards 25750 while Dax has immediate resistance at 12900 and need to break on the upside to move towards 13100. Overall upside for Dax could be capped at 13100 from where a medium term corrective dip is possible.

    Nikkei (22867.41, +0.28%) and Shanghai (3054.48, +0.055%) are also up today. Nikkei broke above the daily trend resistance and if the rise sustains, the index could test 23500 in the next few sessions. Else a fall back to 22000 is possible. Shanghai is trading just and is likely to break below 3050 in the near term. That would open up chances of further downside towards 2950.
    Nifty (10786.95, +0.18%) tested exactly the daily trend resistance at 10850 yesterday but could not sustain to close the session above 10800. While this resistance holds, the index could come off towards 10650 in the coming sessions. A break above 10850, if seen would turn bullish for the medium term.
    COMMODITIES

    Overall some bullish hope prevails for the metals and crude in the near term.

    Copper (3.2524) is almost stable near current levels. A fall towards 3.22-3.20 is possible before another sharp rise is seen.

    Brent (76.46) and WTI (66.19) show some directional differences just now. Brent has some support at 75 which if holds, could take the price to higher levels of 79-80 in the coming sessions. WTI on the other hand is trading along the earlier support turned resistance and could come off towards 65-64 if it does not manage to break the resistance immediately.

    No major movement in Gold (1298.31) for now. The broad 1310-1290 region is holding well and some more of sideways range-trade is possible in the near term.

    Gold-WTI ratio (19.67) has faced some rejection near resistance at 20 and while that holds, the ratio could come off towards 19.

    FOREX

    Dollar index (93.73) rose from levels near 93.4 yesterday and has seen a high near 93.89 today. It could now move lower from here, targeting levels near 93.0-92.8 in this week.

    Euro (1.1766): Contrary to our expectation, Euro has seen lows near 1.174 since yesterday, but now looks like it could rise from the 21 days MA near 1.173 towards 1.1875-1.1900 in this week. Levels near 1.19 could be a crucial resistance zone.

    Dollar Yen (110.24): Against our expectation, Dollar Yen has turned bullish (seeing a high near 110.5). It could rise further this week to target crucial resistance near 111.5.

    Euro Yen (129.70): Euro Yen is continuing to stay near 129.5-130.0 as we had expected. The possibility of Euro moving past 1.18 and Dollar Yen touching 111 implies that Euro Yen could test higher resistance on daily candles near 131 in this week.

    Pound (1.3364): As expected, Pound is moving lower towards 1.33 after having tested resistance on daily candles (near 1.347) last week. It looks bearish in this week towards levels near 1.33-1.32. On the downside, 1.31 is a crucial level, whose break could lead to medium term bearishness.
    Read more:[URL=http://www.xtreamacademy.com[/URL]

  5. #115
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    EUR/USD FACES WORST WEEKLY LOSS SINCE NOVEMBER 2016, CREATES BEARISH OUTSIDE-WEEK CANDL
    Currently, the EUR/USD pair is trading at 1.1567 – down 1.7 percent week-on-week – its worst weekly losses since November 2016.

    ECB’s Draghi pulled the plug on the QE program yesterday, still, the EUR dropped more than 200 pips as the central bank head pushed out the first rate hike to end 2019. The QE taper gives the EUR an edge over the Japanese Yen but does little to support boost EUR/USD exchange rate as the Fed is planning to hike rates at a faster rate and the ECB is at least 1.5-years away from the rate hike.

    Bearish revival


    The EUR created a bearish outside-day candle yesterday. Further, the weekly chart also shows a bearish outside-week candle, indicating the rally from the recent low of 1.1510 has ended and the bears have regained control. So, EUR/USD could have a relook at 1.15 and could possibly break lower to 1.1412 (200-week moving average)
    Read more:www.xtreamforex.com

  6. #116
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    MARKET MORNING BRIEFING: GOLD HAS MOVED UP ABOVE 1300
    STOCKS

    Dow (25175.31, -0.10%) has not been able to break above 25500 and instead has been coming off from thereadually to test 25000 in the next few sessions. This is contrary to our expectation of arise towards 25750 and higher. Now daily candle support near 25000 is important and a bounce from there is preferred which could again take the index back towards 25500. Near term is bearish towards 25000.

    Dax (13107.10, +1.68%) has moved up sharply after the ECB meeting yesterday and broken above our mentioned resistance near 13100. It is important to watch price action here. A break above 13100 if sustains could take it higher towards 13400 and higher in the coming sessions next week. Else a fall back to levels below 13100 would be indicative of some bearishness next week.

    Nikkei (22827.77, +0.39%) has neither seen a sharp rise above 22800 nor is it falling off to levels below 22800. There seems to be some sideways range-trade in the 23000-22800 region for now with small movements. Overall a dip in Dollar Yen could restrict further upside for Nikkei in the near term.

    Shanghai (3023.79, -0.67%) is coming off towards 3000 and looks weak just now. It would be important to see if the index breaks below 3000 eventually. Near to medium term looks bearish while below 3050.

    Nifty (10808.05, -0.45%) came down for the second session yesterday after testing resistance at 10900. While 10900 holds, the index looks bearish towards 10700-10650 in the medium term.

    Nikkei (22827.77, +0.39%) has neither seen a sharp rise above 22800 nor is it falling off to levels below 22800. There seems to be some sideways range-trade in the 23000-22800 region for now with small movements. Overall a dip in Dollar Yen could restrict further upside for Nikkei in the near term.

    Shanghai (3023.79, -0.67%) is coming off towards 3000 and looks weak just now. It would be important to see if the index breaks below 3000 eventually. Near to medium term looks bearish while below 3050.

    Nifty (10808.05, -0.45%) came down for the second session yesterday after testing resistance at 10900. While 10900 holds, the index looks bearish towards 10700-10650 in the medium term.
    Read more:www.xtreamforex.com

  7. #117
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    MARKET MORNING BRIEFING: POUND COULD BE BEARISH TOWARDS 1.30 IN THE MEDIUM TERM
    STOCKS

    Overall global equity indices look bearish for the coming sessions.

    Dow (25090.48, -0.34%) has come off in line with our expectations and could test support near 25000. Watch price action there as a break below 25000 would be bearish for the medium term. But if 25000 holds, we could see a bounce from there towards 25500 again.

    Dax (13010.55, -0.74%) did not see follow through buying above 13100 and came off from the close of 13107 seen on Thursday. Failure to see immediate rise above 13100 would be indicative of medium term bearishness towards 12800 or even lower.

    Fall in Dollar Yen to 110.38 has prevented a rise above 22800 in Nikkei (22662.68, -0.83%) bringing it sharply down to current levels of 22660. While the fall sustains, a test of 22400-22200 looks possible.

    Shanghai (3021.90, -0.73%) is almost stable at current levels and needs to dip below 3000 to indicate medium term bearishness. We would watch closely the price movement in the 3000-3050 region as there is lack of clarity on further course of direction just now.

    Nifty (10817.70, +0.089%) needs to see an immediate break above 10850 to move up in the coming sessions towards 10950. While immediate daily resistance holds at 10850, there is some scope of a fall towards 10650 on the downside.

    COMMODITIES

    Commodities look weak too. Gold could come off in the medium term while the Crude prices could find some support below current levels in the next few sessions.

    Brent (72.62) and WTI (63.80) have fallen sharply in the last couple of sessions. WTI looks bearish towards 62 on the weekly candle charts while the weekly line charts looks strongly bearish with a possibility to test 60 or even lower. Brent may test weekly support of 71-70 before bouncing back from there.

    Gold (1279.80) has broken first support at 1280 and while it sustains to move lower and breaks below 1275, we may see chances of 1260-1250 opening up on the downside for Gold in the medium term.

    Silver (16.49) has also fallen sharply and could head towards 16.25-16.00 in the near term. View is bearish.

    Copper (3.13) has come off further from levels near 3.20 and could test immediate support near 3.10. Failure to bounce back from 3.10 would lead to a full retracement of the rise from 3.00 to 3.30 in the longer run.

    FOREX

    Euro (1.1585): The ECB’s plan of keeping key rates constant till 2019 summers made the Euro fall from 1.185 to a low near 1.155. Support at 1.155 is holding for now. Euro could test levels near 1.165 this week, while above 1.155-1.150.

    Dollar Index (94.89): The ECB policy-induced Euro fall and a strong US Retail Sales data release led to rise in Dollar strength last week. This week could see a downmove in the Index towards 94.3-94.2, while it stays below resistance near 95.5.

    Dollar Yen (110.44): Dollar Yen tested a high near 110.9 on Friday, thereby testing resistance on daily candles and daily line chart. In this week, it could test higher resistance near 111.5 on 3 day candles, which is a crucial long term resistance level and is likely to hold.

    Euro Yen (127.93): Euro Yen continues to trade near horizontal support on weekly line chart. Targets of 111.5 and 1.165 on Dollar Yen and Euro respectively implies levels near 129.8-130.0 for the Euro Yen, which corresponds to a test of resistance on daily candles. While below 130.5, Euro Yen is looking bearish in the medium term.

    Pound (1.3264): Pound could be bearish towards 1.30 in the medium term. However in this week, there are equal chances of it moving up to test resistance on daily candles near 1.335-1.340 or moving down towards 1.315.

    INTEREST RATES

    Last week, US Fed had hiked rates by 25 bps. Although the rate hike was expected, the language in the policy statement turned out to bemore hawkish than expected. The likelihood of 2 more rate hikes this year has increased beyond 50% for the first time this year. This hawkishness was seen in a rise in the US 10 Year yield towards 2.97%.

    The US 10 Year yield (2.91%) seems to be breaking support on medium term chart. If this break happens, our earlier forecast of medium term bearishness towards 2.60%-2.55% might come into play.

    US 10 – 2 Year yield Spread (0.367%) has broken long term support near 0.4% against our expectation. If this break persists, it could be negative for the US economy.

    Last week, the ECB came out with a mixed policy. The end of quantitative easing was expected by the markets – however that was overpowered by its dovish stance on interest rates, which led to a fall in the German 10 Year yield towards 0.4%.. On medium term chart, the German 10 Year yield looks bearish towards 0.3%; but for that, it would have to break support on short term chart near 0.4%
    Read more:http://www.xtreamacademy.com/morning-briefing

  8. #118
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    AUD/USD AND NZD/USD FUNDAMENTAL WEEKLY FORECAST – RBNZ RATE DECISION, STATEMENT ON TAP
    The AUD/USD and NZD/USD could see a bounce over the short-run if buyers continue to react to a rise in crude oil prices. However, the long-term outlook is still bearish because of expectations of rising U.S. interest rates.
    The Australian and New Zealand Dollars finished lower last week. The selling pressure was driven by a number of factors including tension over a possible trade war between the United States and China, mixed demand for higher risk assets, and a divergence between the monetary policies of the hawkish U.S. Federal Reserve and the dovish Reserve Bank of Australia and New Zealand.

    The AUD/USD settled at .7440, down 0.0002 or -0.03% and the NZD/USD closed at .6910, down 0.0030 or -0.44%.

    The selling pressure started early in the week after U.S. President Donald Trump threatened more tariffs on China in an escalating trade dispute investors fear could hurt global growth. Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation.

    The Australian and New Zealand Dollars were also pressured after U.S. Dollar investors bet on an escalating trade war forcing inflation up in the U.S. because of costlier imports, raising the prospect of more interest rate hikes.

    The AUD/USD and NZD/USD attracted buyers late in the week after the U.S. reported weaker-than-expected manufacturing data. The Philadelphia Federal Reserve’s gauge of U.S. Mid-Atlantic business activity fell to a 1-1/2 year low, raising concern about the U.S. economy.

    The Aussie and Kiwi were also underpinned on Friday after OPEC producers announced a perceived modest increase in oil output. This drove up crude oil prices, helping to support commodity-linked currencies.

    Forecast
    The AUD/USD and NZD/USD could see a bounce over the short-run if buyers continue to react to a rise in crude oil prices. However, the long-term outlook is still bearish because of expectations of rising U.S. interest rates.

    The key story remains U.S.-China trade relations. The Aussie and Kiwi are likely to remain under pressure if U.S. threats of additional tariffs escalate into a full-blown trade war with China.

    Both currencies are in down trends because of the divergence in central bank policies and this is not likely to change for months. The periodic rallies we witness are not policy driven moves, but rather short-covering adjustments to news events. Markets do post counter-trend rallies even in the most bearish of trends.

    Last week, the RBA minutes revealed nothing new so we know the central bank is not likely to raise rates until at least November 2019. This week, the RBNZ is widely expected to leave its benchmark interest rate at 1.75% and in its rate statement, it is expected to suggest that rates will remain low until late next year.

    This week’s other key reports include U.S. Consumer Confidence, U.S. Durable Goods and U.S. Final GDP.
    Read more:www.xtreamforex.com

  9. #119
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    BITCOIN CASH, LITECOIN AND RIPPLE DAILY ANALYSIS – 28/06/18

    The crypto majors are back in the red as investors lock in Wednesday’s gains, cutting back any hopes of a near-term extended rally to reverse the continued bearish trend.
    Bitcoin Cash gained 2.78% on Wednesday, partially reversing Tuesday’s 7.96% loss, to end the day at $713.6.

    A start of the day fall to an intraday low $685.1 saw Bitcoin Cash hold above the first major support level at $671.43, before a late morning bounce led Bitcoin Cash back through to $700 levels, with a morning high $721.9.

    An upward trend through the rest of the day saw Bitcoin Cash strike an intraday high $724.1 that came up short of the first major resistance level at $737.43, before easing back at the end of the day.

    At the time of writing, Bitcoin Cash was down 0.86% to $707.3, with Bitcoin Cash hitting a morning high $724.8 at the start of the day before pulling back to a morning low $701, the moves through the early part of the day leaving the first major resistance level at $730.1 and first major support level at $691.1 untested early on.

    For the day ahead, a move through to $710 levels would support a run at the day’s first major resistance level at $730.1, though for a move through to $730 levels, sentiment across the market will need to improve, investors locking in Wednesday’s gains in the early hours.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news

  10. #120
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    MARKET MORNING BRIEFING: DOLLAR INDEX COULD PROBABLY SEE A DIP TO 95.00-94.75 LEVELS

    STOCKS

    Worries of trade tariff between US and its major trading partners seems to be taking the stocks lower. Imposition of 20% tariffs on EU vehicles as stated by Trump took down the automobile stocks on the Dax this week, while the EU posed retailitory tariffs of about 25% on $3.3bln of US goods in response to the US tariffs on EU steel and aluminium imports.

    Dax (12177.23, -1.39%) looks bearish in the near term towards 11800.

    Dow (24216.05, +0.41%) bounced a bit from levels just above 24000. While the daily trend support holds, there could be some upmove in Dow towards 24750. Else failure to remains above 24000 may take it lower to 23600 next week.

    22000 is an important levels for Nikkei (22194.21, -0.34%). In case it breaks lower, it could be vulnerable to fall towards 21500 over the next couple of weeks. Watch price action near 22000.

    Shanghai (2813.61, +0.96%) is likely to break below 2800 and head towards 2750 next week. The index looks bullish with some possibility of a bounce towards 2850.

    Nifty (10589.10, -0.77%) finally broke below our expected 10650 levels and while the index trades lower, it could target 10400 in the near term. The index is bearish for the coming week.
    Read more:http://www.xtreamacademy.com/morning-briefing

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