Currency

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   XRP’s price has been range-bound between the $0.28 and $0.34 levels. On January 10, the bears broke the support on the lower end, and today the support has turned into a resistance, unbroken since January 10. […]

Gold’s decline since its multi-month high has not gone unnoticed, yet there are indications that mean reversion could soon be on the horizon. Since August’s low, gold had gained increasingly bullish attention which saw it trade nicely within a tight bullish channel. That is, of course, until a bearish pinbar marked its high before rolling […]

The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of 3%. AUD sold off mostly against JPY, USD and EUR to see AUD/JPY as today’s biggest mover with an intraday loss […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has recently gone up over the $4,000 mark, on February 23. On February 24, the cryptocurrency dropped below said point, and then kept on moving along its 14-day SMA trendline until now.   Bitcoin’s […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   XRP’s price was in a bearish trend yesterday. On February 25, the crypto’s price faced a downward correction to a $0.32 low, after facing resistance at $0.34. On February 27, the bulls took over for several […]

If you’ve decided you want to start trading foreign exchange (forex) then you need to find a broker. (There is a list on our Broker Listing page.) Here are some tips on how to go about selecting the broker that will be right for you.   1. Make a Wish List You need to know […]

Order execution isn’t as easy to understand as it seems at first glance. Not seldom investors and traders think their order is immediately executed when they click on “execute order”. As a matter of fact, there are various possible forms in which an order can be filled and when it actually happens. Moreover, the timing […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has seen a short spike within the range it’s been trading on this week. The spike has seen the cryptocurrency consolidate around the $4,000 mark. Its SMAs are located within the $4,000 and $3,500 […]

XRPUSD Medium-term Trend: Bullish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.32, $0.30, $0.28   Yesterday, February 20, the XRP price was in a bullish trend. The crypto’s price reached a high of $0.34 and was resisted. The crypto’s price is facing resistance at the $0.34 price level. On January 10, […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has been ranging in the last few trading sessions. The cryptocurrency has essentially been seeing various lower lows and lower highs, around the $3,500 mark, since January 11.   The cryptocurrency’s 50-day SMA is […]