Currency

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you’re not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it’s not. In decades of working with billionaire hedge fund […]

Ethereum Price Medium-term Trend: Ranging   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH continues in the range in its medium-term outlook. The bulls’ continued dominance within the range ended when ETHUSD was at $208.00 in the supply area with a wick at the candle which was a sign of exhaustion. […]

Gold bears closed out of gold by a record amount last week. We’re now watching closely for a follow-through on price. At the beginning of this month we’d highlighted extreme short positioning on gold and that price action was sending signals of an upside break. Of course, when looking at weekly charts and weighing up the potential […]

BTCUSD Long-term Trend – Bearish     Distribution territories: $8,000, $9,000, $10,000. Accumulation territories: $5,500, $5,000, $4,500     A short bullish candlestick market the BTCUSD trading pair in the first day of this week. Then, on October 15, the cryptocurrency saw its price appreciate against the US dollar as it surged to a high […]

EUR/USD has essentially traded within a 500-pip range since July, with false promises of a break either side. But, if we take a closer look at what price is telling us, there’s an argument for a downside break. We can see on the daily chart that momentum leading into the range was bearish and the 50-day average […]

Ethereum Price Medium-term Trend: Ranging   Supply zones: $400, $450, $500 Demand zones: $150, $100, $50     ETH remains in the range in its medium-term outlook. The bears’ pressure within the range was briefly strong as ETHUSD was down to $209.66 in the demand area after the formation of the bearish engulfing candle at […]

Hawkish FOMC minutes, a stronger greenback and higher inventories were enough to push WTI crude back below $70 yesterday. Momentum suggests the move isn’t over just yet. By yesterday’s close WTI had suffered its largest slip in 9-weeks. Still, its potential for losses had not gone without warning. Citing a key level for bulls to defend, we […]

The British pound finds itself on the back foot following a breakdown in Brexit talks over the weekend. Having gapped broadly lower, GBP/JPY shorts could be tempting given the risk-off environment that’s currently favouring the yen. Having spent four weeks confined to a 280-pip range, we were originally looking for this to break higher in […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $7,000, $8,000, $9,000. Accumulation territories: $5,500, $5,000, $4,500   Bitcoin’s price has been dropping within its current range against the US dollar this week. Before its major decline, the cryptocurrency had two notably short Japanese bullish candlesticks on September 21 and 27, in the $6,800 and $6,400...

It’s safe to say it’s been a volatile week for markets and a bad one for stocks. But, with the rout showing early signs of abating, we’d like to finish the week focussing on a market which went up this week. At the beginning of the month we highlighted Gold’s potential to break higher. Noting the […]