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EURUSD – Up Technical observation The pair on the daily chart above broke below a support line 1.1733 with a big red candle, yesterday price corrected to it and could not penetrate above so was rejected. As the pair is on a downward movement, you can short it now with your take profit at 1.1468…
XRP – Technical Observation XRP is currently trading with a neutral bias. Yesterday, Ripple pulled back slightly to the upper side but is still showing signs of plunging even further. As I said on the Thursday’s analysis, unless the price clearly breaks above the three simple moving averages (14, 52, 152), long term traders should…
ETH – Technical Observation Ether is currently trading with a neural bias. Yesterday, the value of Ether touched a key daily support line $555.98 but failed to penetrate below it. This is a potential buy place and as long as it is not breached to the lower side with a big red candle, I expect…
BTC – Technical Observation BTC is currently trading with an increasing bearish momentum. As I said in my previous analysis, BTC should continue to plunge especially while the price is still above the weekly support line $6,590.82. If you’re already in a short position and is not willing to close it, then you may have…
ETH – Wave Analysis After an unprecedented decline below 669.37, Ethereum is not showing any signs of rising again above this level. As long as the price remains below this level, we expect a possible rally to the lower side. The anticipated bearish price rally will be the continuation of the impulsive wave (c) to…
BTC – Wave Analysis During the previous trading day, bitcoin continued to plummet and is still showing signs of rallying even lower. Yesterday, Bitcoin mere;y tested the hourly support level 7304.13 but failed to violate it. For almost three weeks now, this crypto has been in a relentless downtrend and chances of price dropping even…
USDJPY – Down Wave Analysis For only two days now, the us Dollar has lost almost 100% the value it gained last week. Despite the previous day’s decline in value, the price is still above 108.72, we expect a drop towards this level to pick a long position with the first target at 111.07 and…
GBPUSD – Flat Wave Analysis Just as in the euro, the cable corrected itself slightly to the upper side but is still within our sellers territory. If you’re went earlier this week, then its good to remain short in this pair, however, if not, then wait for a break below 1.33516 to confirm a possible…
EURUSD – Up Wave Analysis During the previous trading, euro pulled back to the upper side but is still below the 4 hour support level 1.17430. First the break below 1.17430 was a bearish dominance sign and as long as the price remains below this level, we expect a possible rally to the lower side.…
Dangerous Brinkmanship Another in the expanding history list of topsy-turvy Thursdays’ when it comes to risk as the President Gave, and the President Hath Taken Away only to leave the door open again when it comes to North Korea discussions. The increasing headline chatter around the North Korea summit finally culminated with President Trump cancelling…