Currency

XRPUSD Medium-term Trend: Bullish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRPUSD pair is now in the bullish trend zone. Yesterday, it was assumed that a price breakout will enable the bulls to break the $0.32 and $0.33 resistance levels. Today, the crypto’s price encountered a […]

The Dow Jones Industrial Average closed to its highest level since October yesterday. Given the strength of its underlying trend, its breakout could have further to go. Overall, momentum since December’s V-bottom has been firmly bullish, although price action had been coiling up within a triangle pattern since late February. Still, the pattern has held […]

BTCUSD Medium-term Trend: Bullish   • Resistance levels: $7,000, $7,200, $7,400 • Support levels: $3,900, $3,700, $3,500   On February 25, the bulls broke the 12-day EMA, the 26-day EMA, and the $3,800 price level to reach the bullish trend zone. The BTC price had been trading between the levels of $$3,800 and $4,000 since […]

With bond yields continuing to fall, it’s becoming too difficult for other markets to ignore and raises the prospects that sentient could finally crack. And that could see a lower USD/JPY. Whilst equity markets remain defiantly near cycle highs, they have shown signs of wobbling. Furthermore, we’re watching other markets feel the strain following an […]

Stalling at our $60 target, we suspect there could be further for upside potential for WTI judging from its bullish trend structure and encouraging signs from the weekly COT report. Prices are bouncing along the 8 and 21 eMA’s and Monday’s Doji held about the $58 area to suggest a shallow pullback may have completed. […]

Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit. Summary of the March statement: The Official Cash Rate (OCR) remains at 1.75%. Next OCR direction is more likely to be down. Global economic outlook has continued […]

As is usually the case, overnight implied volatility has spiked ahead of the central bank meeting, irrespective of the fact that most expect rates to remain unchanged at 1.75%. Still, it remains prudent to assume volatility could spike in the event of new or unexpected information. Summary of the February notes: OCR expected to remain […]

Whilst the bias for USD/CHF remains for a break to new lows on the daily chart, we see potential for a minor rebound for intraday traders as its correction completes. We noted recently that DXY could face headwinds as we head into April and, so far dollar bears are doing their bit to keep the […]

ETHUSD Long-term Trend – Ranging   • Distribution territories: $170, $190, $210 • Accumulation territories: $100, $80, $60   Ethereum’s price has in the long run seen its outlook remain ranging around the same zones. Currently, ETH is fluctuating around the $140 mark, and has been since the first few trading sessions of the week. […]

After the DAX failed to hold above 11,800, Friday’s bearish engulfing candle saw the index break beneath its bullish channel and prior swing low. With the bias remaining bearish beneath Friday’s high, we see its potential to head towards 10,900. We outlined the two scenarios for the DAX in our prior analysis, CAC, DAX Could […]