Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, October 26, 2017
Bitcoin, Ethereum, How To Trade Cryptos Safely / Currencies / BlockChain
By: Avi_Gilburt
In our previous article, we briefly described, in layman’s terms, the technology underlying cryptocurrency. Then we described how to get started with your first cryptocurrency purchase. In this article we want to characterize the crypto trade so you can begin a journey toward successful trading. Cryptocurrency is a very volatile asset and perhaps the most volatile asset we have seen. We expect it to remain this way for some time.
On any given day, we might see certain cryptos move 100% or more. 10% moves in small cap coin are quite pedestrian. 3-5% daily moves in the larger coins are common. Therefore, the returns, both positive and negative, outstrip the stock market by many fold.
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Thursday, October 26, 2017
Threats to Digital Wealth Point Up Need for Tangible Backup / Currencies / BlockChain
By: MoneyMetals
By Stefan Gleason : Recent high-profile cyber security breaches at Equifax and other financial institutions highlight the perils of an all-digital economy. When wealth can be evaporated or expropriated at the stroke of a key, how secure can your finances really be?
Obviously, there is a big difference between wealth you can tangibly hold and wealth that exists only in electronic form.
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Wednesday, October 25, 2017
USDCNH Remains In Short Term Uptrend From 6.5555 / Currencies / Forex Trading
By: Franco_Shao
USDCNH stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 6.5555. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 6.6623, above this level could take price to next resistance level at 6.6884.
Tuesday, October 24, 2017
Crude Oil – Major Resistances Hold / Currencies / Crude Oil
By: Nadia_Simmons
On Friday, crude oil bounced off session’s low and closed the previous week slightly below $52. Did it change anything in the short term?
Crude Oil’s Technical Picture
Let’s examine the charts below (charts courtesy of http://stockcharts.com).
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Tuesday, October 24, 2017
NZDUSD’s Bearish Movement Extended To 0.6931 / Currencies / Forex Trading
By: Franco_Shao
NZDUSD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817.
Monday, October 23, 2017
Why Bitcoin can pullback from $6100 – $6800? / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves.
This type of move can be either labeled as 3 waves Zigzag Structure which can end around equal legs area $6100 – $6800 or it can be part of a 5 waves move which means BTCUSD still needs to extend further toward $8000 as the most powerful 3rd wave move usually reach the 1.618 Fibonacci extension level.
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Monday, October 23, 2017
USDCHF Broke Above Major Bearish Trend Line / Currencies / Forex Trading
By: Franco_Shao
USDCHF extended its upside movement from 0.9420 to as high as 0.9863, breaking above a major bearish trend line on the daily chart, confirming that the downtrend from 1.0343 had completed at 0.9420 already.
Sunday, October 22, 2017
Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin rose more than 6% today to surpass, for the first time ever, the $6,000 US mark.
More interestingly, bitcoin just surpassed $100 billion in total market capitalization. Or, as Coindesk puts it, $0.1 trillion.
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Saturday, October 21, 2017
Bitcoin Tests $5,100 / Currencies / Bitcoin
By: Mike_McAra
There’s been some talk of gold becoming an alternative to gold. Goldman Sachs doesn’t seem to agree. In an article on CNBC, we read:
Cryptocurrencies like bitcoin are not the "new gold," Goldman Sachs said in a note, advising investors that precious metals "remain a relevant asset class" in portfolios.
In a note to clients earlier this week, Goldman detailed the benefits of holding gold in a portfolio.
Friday, October 20, 2017
The New World Order Currency Reset, Dollar Collapse and Crypto / Currencies / Bitcoin
By: Jeff_Berwick
We’ve been focusing a lot on the crypto space for the last few months. And, can you blame us?
Bitcoin again sits on the cusp of $6,000 having risen nearly 1,000% in the last year.
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Thursday, October 19, 2017
Bitcoin Runs In Two Price Channels With Different Time Frame / Currencies / Bitcoin
By: Franco_Shao
The BTCUSD trades within a rising price channel with support at its bottom around 5110 on the 4-hour chart, indicating that the price remains in the uptrend from 2970. As long as the price is in the channel, the fall from 5870 could be treated as consolidation of the uptrend and further rise is still possible after the consolidation. The bitcoin price is expected to test 5870 resistance in the coming days. A breakout of this level could trigger further upside movement towards 6500, followed by 7000.
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Thursday, October 19, 2017
Will ICOs Take Down Wall Street as Bitcoin Takes Down Central Banks and Fiat Currencies? / Currencies / BlockChain
By: Jeff_Berwick
I’ve said it many times in the past. Blockchain technology is the biggest evolution since the internet.
We’ve seen bitcoin quickly become a challenge to fiat currencies and central banks.
We’ve seen Ethereum change the very nature of apps into dapps or decentralized apps. And, it’s barely even begun yet.
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Tuesday, October 17, 2017
Bitcoin: A Tower of Monetary Babel / Currencies / Bitcoin
By: Antonius_Aquinas
The promoters of crypto currencies have gushingly touted them as the mechanism by which the present central banking cabal and the system of nation states which derive much of their power from will be brought down and replaced by digital money. Despite their meteoric rise as speculative “assets,” there are fundamental economic reasons why they will never act as a general medium of exchange despite the wild enthusiasm for them by the crypto-currency cultists.
Tuesday, October 17, 2017
USDCHF Is Now In Uptrend From 0.9420 / Currencies / US Dollar
By: Franco_Shao
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near term support is at 0.9704, a breakdown below this level could trigger another fall towards 0.9564.
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Tuesday, October 17, 2017
USD Intermediate Cycle update / Currencies / US Dollar
By: SurfCity
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24.
If I am correct, we are on day 1 of Trading Cycle #2 and this also means that the USD has found its longer term 5-6 month Intermediate Cycle Low (ICL) back in early September near the 7 month mark. My first chart is a close up daily that shows the price action.
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Tuesday, October 17, 2017
China Wants the World’s Reserve Currency / Currencies / China Currency Yuan
By: Michael_Pento
In the aftermath of WWII the American economy was that shining city on a hill. After saving mankind from the Nazi’s, America had the only intact manufacturing base and was the repository for most of the world’s gold. Those circumstances propelled the US dollar to world’s reserve currency status. And for the past seventy years, this status has been the cornerstone for America’s power base and hegemony around the globe.
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Monday, October 16, 2017
EURGBP Failed To Break Above 0.9045 Resistance / Currencies / Euro
By: Franco_Shao
EURGBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting that the short term uptrend from 0.8746 is complete.
Monday, October 16, 2017
How Investors Can Play The Bitcoin Boom / Currencies / Bitcoin
By: OilPrice_Com
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Sunday, October 15, 2017
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
As I write, bitcoin is currently yet again at an all-time high, now over $5,800 with a $97 billion market cap.
And the cryptocurrency space as a sector is on the cusp of an all-time high as well, sitting at $177 billion, just shy of the $178 billion high hit six weeks ago.
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Sunday, October 15, 2017
Bitcoin Powers Through To New Highs Near $6,000 While Jamie Demon Talks Trash / Currencies / Bitcoin
By: Jeff_Berwick
The Berwick Champagne curse has been broken.
Every time in the past I posted a photo of me with a champagne bottle after bitcoin had hit a new all-time high, it “crashed”. Or, at least it went down quite a bit before quickly retaking new highs.
Not this time, though! Shortly after posting that bitcoin had surged through $5,000 yesterday it continued on to hit a high over $5,700.
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