Currency

Although EUR/USD finally broke out of its range, 1.15 remains a core focus as we head towards the weekend as a close either side of it today will dictate sentiment next week. Dovish FOMC minutes and a ‘patient’ stance from Fed members helped EUR/USD break out and remain above 1.15. We can see on the […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   The XRPUSD pair had been range bound for days but fell to the bearish trend zone yesterday.The crypto’s price was in a bullish trend that resulted in a price rally. The bullish trend was short lived […]

This week we’ve seen both CAD/JPY and USD/JPY stall at resistance clusters so, with S&P500 also stopping at a pivotal level, it suggests risk sentiment may have approached an inflection point. We can see on the daily chart that the S&P500 has rallied no less than 10% in just nine trading sessions since the 2346.58 low. Whilst bears may be […]

With compression underway beneath a cluster of resistance, we’re anticipating another burst of momentum for USD/JPY to begin its next directional move. We’d warned that volatility was brewing within a larger formation and the explosive moves seen since have certainly have not disappointed. Just heading into the new year we noted an eerily similar pattern […]

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With a couple of events likely to impact CAD/JPY this week, we’re closely watching to see how it reacts around the pivotal level it rebounded towards this week. Whilst this week’s BOC meeting is flagged as a risk-event for CAD crosses in general, ongoing trade talks between the US and China could leave its mark on CAD/JPY. […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $5,000, $5,500, $6,000 • Accumulation territories: $3,000, $2,500, $2,000   Bitcoin’s price has kept on seeing a significant number of weak price swings, a trend that’s been going on since the last week of 2018. The cryptocurrency has maintained the $4,000 and $3,500 marks as well-defined […]

We had strongly suspected that volatility was brewing for USD/JPY, but yesterday’s explosive moves surpassed our expectations. With a high-low range spanning nearly 4% it was its most volatile session since November 2016 (when Trump was elected), most of which was achieved within 15 minutes and kicked off with a -1.75% decline in under 60 seconds. […]

XRPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   On December 24, 2018, the 12-day EMA crossed over the 26-day EMA to trend horizontally. Similarly, within the same period, the XRPprice had been range between the levels of $0.34 and $0.38. The bears had not […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $5,000, $5,500, $6,000 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has been going through a series of ranging movements in the last few days, after it fell from a high seen on December 24. Currently, the flagship cryptocurrency’s trading has been seeing it range […]