Oct 02, 2015
NFP Day Today – Remain Vigilant! As can be seen from the 4hr chart, the EUR continued to trade lower going into the early hours of yesterday’s sessions. This saw price hit and slightly extended beyond the mid-number support 1.1150, just missing demand below at 1.1105-1.1131 by only a few pips. It was around this point, the European/London open, did the market begin finding support. The real...
Proceed to the page: http://linkis.com/9773iBack in volume area from end of July/beginning of August The GBPUSD has been muddling along in trading today - finding support buyers against support and resistance sellers against resistance (that is a bit redundant isn't it?). The support I speak of comes near swing low levels that...
Chinese share prices gyrated giddily today. They fell further this morning, continuing yesterday’s rout. But after regulators promised further action to support the market, prices climbed: the CSI 300 large-company index, having been 5% lower at one point, ended only 0.2% down. Markets elsewhere in...
EURUSD – Looking to sell from resistance Last week, the EURUSD strengthened modestly as it retraced up on the downtrend it is in. Our recent views on this market of looking to sell from resistance or value areas, has not changed. Traders can look for a price action signal to sell up near 1.1100 –...
Bitcoin is currently trading at $242.03, just slightly above the previous observation of $241.01. But Bitcoin is facing mild profit booking near two resistance levels which we will discuss today. Image: https://www.tradingview.com/x/zBpDSbHk/ Listed below are the latest technical indications drawn...
Bitcoin trading pushed the Bitcoin Price above our upper channel trendline and, today, declined during the Asian and European sessions from $303 to $282 (BitFinex) and slight recovery since. The market must now show us what it intends to do as trade has halted decline on a lower channel trendline...
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