GibbsGibbleton

GibbsGibbleton

The dollar opened with bullish sentiment after finding support above 18.84. We can expect a re-testing Fridays high an lows. Range 18.90-19.15

GibbsGibbleton

USD/MXP has been bearish since the beginning of June. Mexican election results seem to favor a possible trend change for the peso but more importantly, the US dollar is beginning to suffer amid investors uncertainty regarding the escalating trade war president Trump is raising with Europ and China. Today we are seeing the top edge of the bearish wedge tested...

GibbsGibbleton

This weeks bulllishness is tested but bearish sentiment meets bullish channel reversal zone

GibbsGibbleton Updated 

The general trend for USDMXN is bullish after a recent period of correction. Currently we see a positive sentiment for the dollar and the USDMXN pair has traded higher on the strength of the dollar. Currently we seem to be testing the upper limits of the bulish trend channel at 18.94. I expect a short term correction as the channels lower bottom is tested.

GibbsGibbleton

There seems to be a similar pattern forming between Nano (formally RaiBlocks) and IOTA vs BTC. Both use similar technologies, or are at least crypto-currencies using ledger technology other than blockchain. Nano seems to be the most bullish of the two with more activity in the current new cycle, Binance trading, Rebrand but also FUD regarding Bitgrail Fiasco....

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The general trend for MXNUSD has been bearish. I initially forecasted a target of 18.50 or lower but the market has set 18.54 as a strong floor which has broken much of the downwards momentum. We are starting to see a recovery since the price reached the days low at 18.52 and its beginning to form something of a bullish channel. I would expect the price will...

GibbsGibbleton Updated 

Today mxnusd pair has decoupled from DXY and is headed south testing the most recent 2-week lows.

GibbsGibbleton Updated 

XLM price movement has corralated positive with BTC for the last month and the current loss in market cap although aggressive, this is not out of the ordinary for an altcoin during a bearish bitcoin market. The reason I am optimistic about this coin is that we are currently testing a strong support vector that has seen multiple trend reversals. It will be...

GibbsGibbleton

This week has been highly volatile for the Dolar/Peso testing much higher than the current range as well as lower. The current consolidation is between 18.60-70. Beware of any price action bellow 18.60 as we could make a bearish run to the lower end of 18 or on the opposite end beyond 18.8 to 19. I think there has been a lot of news affecting the dollar recently...

GibbsGibbleton

Mexico gains a steady recovery after an overnight bullish rally. The price seems to be consolidating between the range of 18.70-50. I expect the price will trend lower but high volatility could see the price reverse at the bullish channel support and test the recent high's above 18.73

GibbsGibbleton

NAFTA optimism meets resurgance of USD strenght. The price movement seems to have consolidated on a horizontal zone between 18.62 and 18.54, that is still a very widespread but I believe this familiar price range is a welcomed pause for exotic currency traders after much volatility in the MXN market. Is this the calm before the storm? Trump address later today and...

GibbsGibbleton

Bitcoin seems to have broken the upper trend of its bearish channel. The general trend seems to be bullish but beware of volatility as price discovery pushes the margins to current highs and lows.

GibbsGibbleton Updated 

I am bearish on the USDMXN after a strong bullish run during the holiday season. As we neared 19.20 the 20 USD bulls lost their steam and an announcement from Bank of Mexico to sell 500 Million dollar contracts through out the remainder of the year helped to reverse the trend. I believe the general direction will be towards a 20USD peso or perhaps even 21 or above...

GibbsGibbleton

Where will iota rebound from? 4.50 will become too attractive a price point and IOTA has steadily maintained itself between 4 and 5 dollars lately. I would have to miss out on one of the hottest altcoins at that price when the next ATH target is 6.0. If the 4.5 support breaks then the next candidate for reversal would most likely fall somewhere around the...

GibbsGibbleton

The spread on IOTA is tightening between 3.50-3.70 with it recently touching the bottom end of its bearish support. This could signal an end to its current trend. I would look out for either a break to its recent low of 3.02 or a bullish run to 4 or higher since markets this volatile do not maintain price equilibrium for too long.

GibbsGibbleton Updated 

IOTA is showing some strong resistance above the $4 mark and is consolidating somewhere between 4.0-4.5, I would be weary of the bearish wedge currently seen on 30min chart as it could signal lower levels as the 4USD floor could break later today.

GibbsGibbleton

Bitcoin is about to break the recent resistance level at 16 thousand. Watch for possible breaks at 16, 17k this really would break to 20 thousands over the weekend. Im thinking the conversations around the holiday tables will lead to many new investors in the field. It is important to stress the volatility and high risk nature of this beast. Currently the beast...

GibbsGibbleton

Bearish wedge in IOTA is being supported by strong buying pressure at 3.80. I predict a potential breakout to 5 dollars if the bearish trend continues to respect this bound but beware as the trend continues to be bearish and may continue to test lower and lower ranges. Iota has seen massive volatility as should be expected after its spectacular rise from 1.45...