Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, September 04, 2017
USDCAD Is Facing Major Support Trend Line / Currencies / Canadian $
By: Franco_Shao
After a sideways movement in a trading range between 1.2413 and 1.2778, USDCAD broke below 1.2413 previous low support and extended its downside movement from 1.3793 to as low as 1.2339.
Saturday, September 02, 2017
Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength / Currencies / Bitcoin
By: Jeff_Berwick
It feels like I am having financial Déjà vu as I write yet another blog about bitcoin hitting another all-time high! This one is kind of special though!
Our favorite currency just hit $5000 USD!
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Friday, September 01, 2017
NZDUSD Broke Below 0.7200 Support / Currencies / Forex Trading
By: Franco_Shao
NZDUSD recently broke below a major support level at 0.7200, indicating that the uptrend from 0.6817 had completed at 0.7557 already. The pair is now in downtrend, further decline would likely be seen after correction.
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Friday, September 01, 2017
The Coming Crypto-Crisis? / Currencies / BlockChain
By: Brady_Willett
Since 2008 there has been a widespread increase in debt around the globe, central bankers have printed and experimented with direct asset purchases like never before, and there have been many dangerous bubble-like oddities in the marketplace worthy of attention (i.e. student debt, subprime auto, junk bonds, housing, etc.). Nevertheless, despite the record increase in paper wealth since 1Q09 there has been no unifying ‘mania’ for the grumpily inclined to ceaselessly growl about. That is, perhaps, until now:
“Bitcoin Cash’s price nearly doubled within its first 24 hours, surging from roughly $394 to $757…” Forbes
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Thursday, August 31, 2017
Has the EURO Topped? / Currencies / Euro
By: SurfCity
At least in the short term anyway? Remember, that based on my USD update from yesterday, I am still looking for a 5-6 month Intermediate Cycle Low (ICL) in the USD. The Dollar has rallied hard off yesterdays low and as you would expect, the EURO is showing signs of topping here.
I have taken a trade in shorting the EURO with the EUO ETF but have not yet made this a portfolio trade as it is risky here but here are some charts on both the EURO ($XEU) and EUO.
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Thursday, August 31, 2017
Are You Ready to Profit From the US Dollar Collapse? / Currencies / US Dollar
By: Graham_Summers
The US Dollar collapse has already triggered a major move in inflation plays.
To whit, Gold has broken its SEVEN-YEAR downtrend.
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Wednesday, August 30, 2017
The Coming US Dollar Collapse and How It Will Impact Portfolios / Currencies / US Dollar
By: Graham_Summers
Yesterday we talked about the US Dollar ($USD) dropping below critical support.
By quick way of review, here’s the key chart. As you can see, the $USD staged a large bull market run in 2014 as the Fed wound down its QE program. The greenback was then range bound for three years until this month when it broke down in a big way.
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Tuesday, August 29, 2017
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market / Currencies / Bitcoin
By: Jeff_Berwick
Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.
Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.
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Tuesday, August 29, 2017
USDJPY Is Facing Major Support At 108.13 / Currencies / US Dollar
By: Franco_Shao
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months and is now facing the previous low support level at 108.13 once again.
Monday, August 28, 2017
EURGBP Is Facing 0.9305 Resistance / Currencies / Euro
By: Franco_Shao
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as 0.9270, facing the resistance at the October 2016 high of 0.9305.
Sunday, August 27, 2017
USD Super Cycle Update / Currencies / US Dollar
By: SurfCity
My first chart is a 27 year Weekly showing a Fractal comparing the price action we are seeing today against the USD’s last Super Cycle top in 2001. The USD’s Super Cycles last 15 years Low to Low on average and my chart shows the critical role that the 200wma plays in the USD’s Bull and Bear phases.
Clearly, the USD is teetering at critical support right now as my chart shows what happened the last tine in 2002 when it lost this key, long term, moving average. My second weekly chart shows a close up of the current Fractal Blue box in my first chart.
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Thursday, August 24, 2017
New Eastern Energy Cartel Replacement To The Dead Petro-Dollar / Currencies / US Dollar
By: Jim_Willie_CB
The Petro-Dollar is dead. It had served so well for over 40 years in maintaining the USDollar as global currency reserve, while keeping tight the controls on geopolitical power. The link between crude oil and the USDollar has been broken, painfully evident since 2016 with a harsh price decline that cannot rise about the $50 level. It remains stuck below that level despite heavy collusion in a demonstration that OPEC is dead defunct also. A void has been created in the energy sector, a most important sector. Enter Russia & China to fill the void. Both the crude oil market and the natural gas market have new alliances which feature nations acting in a cooperative manner. The common element is Russia on the production side, complete with pipeline arrays.
Thursday, August 24, 2017
USDCHF Is Waiting For Breakout / Currencies / Forex Trading
By: Franco_Shao
USDCHF moved sideways in a trading range between 0.9583 and 0.9772 on the 4-hour chart for several weeks. All we can do is wait for the breakout to occur.
Wednesday, August 23, 2017
GBPUSD Moved Below Major Trend Line / Currencies / British Pound
By: Franco_Shao
GBPUSD Broke below a major bullish trend line from 1.2109 to 1.2589 on its daily chart. Further decline would likely be ween over the next several days.
Wednesday, August 23, 2017
GBP/USD Extends Losses / Currencies / British Pound
By: Nadia_Simmons
Earlier today, the British pound extended losses against the greenback, which pushed GBP/USD to a fresh multi-month low. How low could the exchange rate go in the coming days?
Wednesday, August 23, 2017
British Pound Rallies Higher Against US Dollar / Currencies / British Pound
By: Richard_Cox
Currency markets are starting to shake the summer doldrums that are typically characterized by weak trading volumes and low price volatility, and one of the primary beneficiaries has been the British Pound (GBP). Markets are still being forced to deal with the potential implications that could unfold after the next round of Brexit negotiations but the broader global interest rate story still seems to be setting the tone for the currency relative to the US Dollar. When viewing the forex markets in terms of the GBP/USD, bullish trends look much more pronounced and investors are wondering about whether or not it is time to establish larger positions in the cable.
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Wednesday, August 23, 2017
USDJPY Recoil Rally On The Cards / Currencies / Japanese Yen
By: Enda_Glynn
My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: N/A. USD: New Home Sales, Crude Oil Inventories.
Wednesday, August 23, 2017
Bitcoin Price Stalls / Currencies / Bitcoin
By: Mike_McAra
The fact that Bitcoin has recently hit an all-time high has already fueled wild speculation in the market and we are now seeing increased interest in the currency. The mainstream media are now full of articles on the meteoric rise of Bitcoin, Bitcoin Cash, Ethereum and the prospects of cryptocurrencies. In an article on Bloomberg, we read:
It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc. jumping into the action, while speculators to long-time investors are also making their bets.
The consensus is that the biggest cryptocurrency will face some resistance around $4,500 to $4,800 and correct, to then continue rallying. How high? Pantera Capital Management’s Paul Veradittakit, Tom Lee at Fundstrat Global Advisors and John Spallanzani at GFI Group Inc. see it going to $6,000 by year-end, while Ronnie Moas at Standpoint Research says it will keep rising to $7,500 in 2018.
Tuesday, August 22, 2017
EURJPY Bounce Off Channel Support / Currencies / Euro
By: Franco_Shao
EURJPY rebounded from 127.56 after touching the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 114.85. As long as the price is in the channel, the fall from 131.39 could be treated as consolidation of the uptrend.
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Monday, August 21, 2017
Cryptocurrencies: Modern Day Alchemy / Currencies / BlockChain
By: Michael_Pento
Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money.
Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of new units and to verify the transfer of funds. Cryptocurrencies operate independently of governments and are decentralized.