Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Tuesday, February 09, 2021
Janet Yellen Re: Cryptocurrencies and Terrorists / Currencies / BlockChain
By: Kelsey_Williams
In comments made during her confirmation hearing last month, Secretary of Treasury Janet Yellen said that transactions in cryptocurrencies, such as Bitcoin, were used “mainly for illicit financing” and suggested that lawmakers and regulators curtail their use due to terrorism concerns.
Here are the statements she made in response to a question from Sen. Maggie Hassan, who asked Yellen during her confirmation hearing on Tuesday about the dangers of terrorists using cryptocurrencies:
Read full article... Read full article...
Friday, February 05, 2021
US Dollar Has Crossed the “Event Horizon” / Currencies / US Dollar
By: Raymond_Matison
The “event horizon” is a term used in astronomy which describes an imaginary point some distance from a black hole in the center of a galaxy where the gravitational force becomes so strong that any heavenly body which crosses that point (visualized as a circle around the black hole) cannot escape the hole’s gravitational pull, and matter is inexorably pulled into the black hole destroying it completely. This is an apt analogue to the continuous and increasing printing of fiat currency where once an astronomic amount of debt is issued creating the currency, it then starts to lose purchasing value such that it is no longer possible for it not to lose all or most of its value, and it collapses on itself. Similar to stellar mass being destroyed in the case of black holes, the currency and its purchasing value is completely or mostly destroyed.
This article proposes that unrelenting growth of national debt, which is the basis for currency creation has reached a global inflection level such that the value of fiat currencies across the globe, with several notable country exceptions, are drawn into a whirlpool of decline that will ultimately result in its near complete loss of value.
Read full article... Read full article...
Thursday, February 04, 2021
Bitcoin and Precious Metals may be disconnecting trends / Currencies / Bitcoin
By: Chris_Vermeulen
In the recent past, quite a bit of attention was focused on Bitcoin throughout the October 2020 to January 2021 rally phase. It was an incredible rally of over 400% and many analysts had highlighted the alignment of Bitcoin to Precious Metals prior to the breakout rally in Bitcoin. The renewed interest in Cryptos in October broke this alignment as Cryptos rallied while Precious Metals stayed mostly flat to negative.
My research team and I have written on How To Spot The End Of An Excess Phase (Part I and Part II)near the end of November 2020, which spotlighted Bitcoin. We have further identified a broad market cycle phase which has shifted from Appreciation to Depreciation, taking place in late 2018/early 2019, and believed the rally in Bitcoin was driven by this excess phase enthusiasm.
Read full article... Read full article...
Sunday, January 24, 2021
What’s next for Bitcoin Price – $56k or $16k? / Currencies / Bitcoin
By: Chris_Vermeulen
Bitcoin traders and enthusiasts are riding the wave after the incredible rally from $9,000 to $42,000 throughout Q4:2020. It certainly was an incredible run – more than quadrupling in value in less than three months. Now we find ourselves in an early 2021 corrective phase which will end in either another Breakout/Rally attempt or an Excess Phase (Blow-off) Top. This article highlights both potential outcomes because at this stage it is difficult to determine a single high-probability outcome.
Before I continue, I urge readers to review our How To Spot The End Of An Excess Phase article from November 27, 2020. You can re-read it at www.thetechnicaltraders.com/how-to-spot-the-end-of-an-excess-phase-part-ii/. This is an excellent primer for the content of this current research article.
Read full article... Read full article...
Friday, January 22, 2021
US Dollar Decline creates New Sector Opportunities to Trade / Currencies / US Dollar
By: Chris_Vermeulen
The weakness in the US Dollar, which initiated after the Covid-19 peak in March 2020, has entered an extended downward price trend which is nearing a key support level near 88.33. One key factor related to this trend is a weakness in the US Dollar, which means other foreign currencies become comparatively stronger. This transitional currency valuation phase creates an environment where localized foreign investments may become much more opportunistic than the US stock market/sectors if this US Dollar decline continues. Simply put, foreign investors will suddenly start to realize they are losing alpha in US Dollar based investments compared to stronger, foreign currency-based investments over time and move their capital to profit from the US Dollar’s decline.
Read full article... Read full article...
Wednesday, January 20, 2021
Bitcoin Price Crash: FCA Warning Was a Slap in the Face. But Not the Cause / Currencies / Bitcoin
By: EWI
See what 'allowed' for a turn down in the immediate future
In case you blinked over the last two days, bitcoin bulls had their hat abruptly handed to them when the cryptocurrency plummeted a jarring 26% in 48 hours.
The grisly details (or, here's how this bearish opportunity unfolded, for the few traders who were ready):
- The selloff was the market's worst two-day decline since the start of the coronavirus in March 2020.
- The crash took prices $10,000 down from their all-time high near $42,000 set on Friday, January 8.
- And, all told, the move erased nearly $185 billion from bitcoin's value (Jan. 11 Bloomberg); for reference, that's the entire net worth of the richest man on Earth, Elon Musk.
Tuesday, January 19, 2021
Cryptos: 5 Simple Strategies to Catch the Next Opportunity / Currencies / BlockChain
By: EWI
Dear Reader,
The key to success in cryptos is to approach this wild market in a way that insulates you from the hype, frenzy and rumors -- and helps you act when others flounder.
How? By using a proven market-forecasting methodology that can analyze price trends in Bitcoin, Ethereum and Litecoin objectively and clearly.
Read full article... Read full article...
Monday, January 18, 2021
Some Basic Facts About Forex Trading / Currencies / Forex Trading
By: Sumeet_Manhas
There are some interesting facts that you may not have heard before about currency market and forex trading.
Forex or FX is short for the foreign exchange market. It is a global currency market where one can exchange national currencies against each other. For example, if you have a $100, you can exchange it to EUR, GBP, or just about any other currency based on the rates of the exchange.
Read full article... Read full article...
Thursday, January 14, 2021
Are you a Forex trader who needs a bank account? We have the solution! / Currencies / Forex Trading
By: Boris_Dzhingarov
International banking is becoming increasingly difficult as time goes on.
High-net-worth individuals who have earned their money through hard work, and investors seeking to secure assets and do business freely, are having a difficult time.
The options are even more limited for midsize investors. And this is especially true if you are a Forex trader.
Also, if you have made your money trading Forex, it is particularly difficult to open a Forex compatible bank account that is multi-currency and allows you to handle your core trades with ease.
Read full article... Read full article...
Thursday, January 07, 2021
Bitcoin Price Collapses almost 20% at the start 2021 / Currencies / Bitcoin
By: Chris_Vermeulen
After an incredible upside price rally that took place throughout the end of 2020, the recent 20% decline in Bitcoin prices, seemingly overnight on January 4th, may have come as a shock to many Bitcoin traders. The deep low price was reached in early trading overnight on very heavy volume – reaching levels near $27,734. Compared to the high price level reached just 27 hours earlier, near $34,800, this strong price decline represents a 20% sell off (over -$7040).
Bitcoin Daily Chart
If this is the start of a broader downtrend for Bitcoin, we’ll have to watch the MAGENTA trend level on this Daily Bitcoin chart below for an indication the upward support channel is breached. This may be a deep pullback in a stronger uptrend still. But the heavy volume and very deep decline suggest the upside parabolic price trend may have “popped” and Bitcoin may be setting up for a bigger change in trend in early 2021.
Read full article... Read full article...
Wednesday, January 06, 2021
What Will the U.S. Dollar Ring in for 2021? / Currencies / US Dollar
By: P_Radomski_CFA
The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ascension could prove rather bearish for gold and the PMs.
Breaking hearts as the USD Index falls in and out of love, the greenback continues to leave bulls at the altar, which is likely to have important implications for the gold market in the following weeks . Dressed to impress, investors lined the cathedral aisles as the USDX looked ready to commit to the 90-level.
But as cold feet turned into a dash for the exit, 2020 ended without a celebration.
However, as we enter 2021 and net-short futures positions (non-commercial traders) remain at their highest level since 2006, the slightest shift in sentiment could have wedding bells ringing again.
Read full article... Read full article...
Wednesday, December 30, 2020
Further U.S. Dollar Debasement Ahead in 2021 / Currencies / US Dollar
By: MoneyMetals
In a year that was marred by a global pandemic and a wave of economic restrictions that crippled many small businesses, financial markets proved to be resilient.
Of course, that resilience owes in no small part to the unprecedented outpouring of stimulus from Congress and the Federal Reserve.
More stimulus is on the way. On Sunday, President Donald Trump signed the latest COVID relief package into law.
Read full article... Read full article...
Wednesday, December 30, 2020
Bitcoin Price Rallies Above $28,300 – Is This The Peak? / Currencies / Bitcoin
By: Chris_Vermeulen
We hope you enjoyed the brief holiday break… it seems Bitcoin has been busy while the markets have been resting! Bitcoin enthusiasts are adamant that the price rally has just started a parabolic move higher. From a technical standpoint, this current rally certainly appears to have gone parabolic. As any trader already understands, what goes up may eventually come crashing downward.
My research team and I believe failure at the current highs would represent a clear technical divergence pattern between price and the RSI indicator. Additionally, the current rally that started on December 20 consists of a $10,850 rally phase. The previous rally that took place from October 20 to December 2 consisted of a $9,200 rally phase. We believe this current rally phase from December 11 could be a Wave 5 rally (almost equal to the Wave 3 rally range). If our researchers are correct, this final rally phase could come crashing downward after reaching these peak levels above $28,000.
Read full article... Read full article...
Sunday, December 27, 2020
Bitcoin Rally Similarities – Is This The Peak? / Currencies / Bitcoin
By: Chris_Vermeulen
The recent rally in Bitcoin is strangely similar to the rally that took place in 2017. Although the range of price throughout the rally is somewhat different, the structure of price throughout the rally phase is very similar. Our researchers believe this similarity suggests a peak may be forming in Bitcoin and the big volume on Monday, December 21, 2020, may have represented a “blow-off peak” in price.
Bitcoin 2017 Peak Structure
The following Weekly Bitcoin chart highlights the three rally phases that took place before the peak level was reached in December 2017. Pay very close attention to the structure you are seeing on this chart and the highlights we’ve made to help you understand how the price structure is being mirrored in the current rally phase.
Read full article... Read full article...
Tuesday, December 22, 2020
Maximizing Returns with Minimal Investment / Currencies / Forex Trading
By: Sumeet_Manhas
...
Thursday, December 10, 2020
What Happens When Confidence Falls Apart? / Currencies / Fiat Currency
By: MoneyMetals
While we may never know how deep and wide the political elites’ effort to gain control over our government goes, it appears to be vast. Although it’s still unknown whether fraud altered the overall election outcome, the evidence of fraud is real.
Corrupt poll workers and election officials have been identified in numerous locations along with voting machine “glitches.” Some judges seem to be ignoring evidence while affirming Joe Biden’s victory.
All the while, the corporate media plus the major social media platforms are working overtime to convince people the “evidence of widespread fraud doesn’t exist.”
Read full article... Read full article...
Monday, December 07, 2020
FREE Crypto Trading Learning Event NOW! / Currencies / BlockChain
By: EWI
Dear Reader,
"Breathtaking" is a fitting word to describe Bitcoin's surge from the March lows near $3,500 to the recent high near $20,000.
You probably want to know how much upside is left -- if any.
Our friends at Elliott Wave International can help -- free.
Read full article... Read full article...
Monday, December 07, 2020
Bitcoin Price Next Stop: $14,000 or $37,200 / Currencies / Bitcoin
By: Chris_Vermeulen
After the incredible rally in Cryptos recently and my team’s recent research articles about how to spot a “Blow-Off Peak”, the recent downturn in Bitcoin prices has raised a valid question – is this the start of a new “Blow-Off Top” for Bitcoin? In our recent 2-part research article on Blow-Off Tops, we suggested there are five phases to a Blow-Off top setup. The first is an incredible rally attempt – usually somewhat similar to a parabolic price advance. We can certainly say that Bitcoin has seen a huge price advance from near $4000 in early March to over $19,000 recently (+$15,000). Is this it? Is this a major price peak or will it continue higher?
When taken in the context of what has transpired over the past 12+ months with COVID-19 and various global lock-downs, it does make sense that many more displaced workers across the globe may have become actively involved in Cryptos and alternate assets. It also makes sense that a rush into the recent upside trending in Bitcoin, starting near early October 2020, may have prompted a rush for Crypto traders/investors. Everyone loves it when their investments rally 80% or more in less than 60 days.
Read full article... Read full article...
Saturday, December 05, 2020
How to accomplish a technical analysis with the Forex / Currencies / Forex Trading
By: Submissions
In the preceding chapter we explained that to trade correctly with the Forex it is necessary to complete a daily technical analysis of the financial movements in the short and medium term.
This analysis is essential as it will help you to understand and anticipate certain effects and, in this way, consequently to improve your investments whilst keeping a good overall view of the market.
Read full article... Read full article...
Friday, December 04, 2020
Bitcoin Breath Taking Surge - Crypto Trading Event / Currencies / Bitcoin
By: EWI
Dear Reader,
"Breathtaking" is a fitting word to describe Bitcoin's surge from the March lows near $3,500 to the recent high near $20,000.
You probably want to know how much upside is left -- if any.
Read full article... Read full article...