currencynerd

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btcusd bitcoin/ u.s. dollar the crypto heavyweight showed a lot of downside momentum in 2022, trading in a downtrend for almost the whole year. In Nov 22 price found support around the $16k price areas giving a +30% price increase as to current high, this increasing demand also caused price to break out of bearish parallel channel and found some...

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CADCHF canadian dollar/swiss franc most of the market research, analysis & trade bias taken comes from the swing intermediate chart, 4H! price broke out of ascending parallel channel forming several OHLC candlesticks above it indicating large volume presence of bullish momentum. taking reference from Weekly chart, W demand of proximal...

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Platinum/U.S Dollar (xptusd) analysis + trade breakdown : starting my analysis on the monthly chart (yearly overview) price has been trading in downward range, trading firmly between 2 parallel trendlines which are acting as dynamic support & resistance. monthly supply level now acting as demand @ 831.300 is in control having pushed price up by ≈10.20% to...

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Great British Pound against Japanese Yen (gbjpy) intro + fundamentals The Office for National Statistics reported that the Oct Consumer Price Index - CPI rose by 1% from the 10.1% from the previous month. This data came out higher than expected and is a sign that the Bank Of England - BOE will further raise borrowing costs as a measure to cool down the...

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Gold (xauusd) intro + fundamentals Last week price data has shown the biggest GOLD gains last witnessed march 2020, this was due to a weak US Dollar which made XAUUSD more appealing to global investors. This was caused by the statistics released by the US labor department that ≈ 261K jobs were added to the US economy but this statement was received negatively...

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Nasdaq-100 Index (US100) this week biggest U.S technology companies are to report their quarterly results : Alphabet Inc. (GOOG) , Amazon Inc. (AMZN) , Microsoft Corporation (MSFT) , Apple Inc. (AAPL) , Meta Platforms Inc (META) with Tesla, Inc. (TSLA) last week beating earning expectations positive results could cause a rebound driving the index...

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Euro/U.S Dollar (euro/usd) intro : last week economic data showed a record high of euro area annual inflation rate, up 0.8% from august bring the total figure to 9.9% in September , with all eyes on the ECB this week as they are expected to raise interest rates by 75bps as control measure to cool down rising inflation. This willl bring borrowing costs to the...

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British Pound / U.S Dollar (gbp/usd) with rising inflation being a global issue the U.S dollar has proven to be few of the financial assets that are a good hedge against inflation. The British Pound has taken a beating against the dollar reaching 1985 low @ 1.05200 before correcting to 1.14400 price areas. Intraday Outlook : price gave a third touch on...

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USOIL (crude oil, WTI) price is a state of increased demand as there are news of tight supplies report due to low U.S oil inventories. price found support around the $82 price areas with daily demand level of proximal price $82.70 in control, adding yet more bullish pressure to the market. price action on the 4HR chart is price found dynamic trendline support...

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asset class : forex/currencies/foreign exchange markets asset name : Euro/British Pound (EURGBP) analyzing from the monthly timeframe price has been trading in a sideways range (consolidating) with highest average price @ 0.92500 to average low @ 0.83400 , since the year 2016 till date. still in the range price is trading in a bearish parallel channel and is...

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Bitcoin, U.S. Dollar (BTCUSD) the crypto giant has been trading to the downside most of the year 2022 and it seems the bearish run might be far from over. on the weekly chart (yearly overview) price is trading at the $19k price areas which price found short-term support but failing to gain enough momentum to make a strong bullish run from the price...

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on the MN chart (yearly overview) CHFJPY has been on a strong bullish run making small retracements on its way to the moon also making several market pauses(demand CPs) price reached an ATH on '01 Jan 2015' @ 138.920, on '01 Jun 2022' after 7 years price pierced through the ATH with a strong bullish candlestick of +6.00% printing a new ATH @ 143.756 which is the...

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on the monthly chart (yearly overview) price is trading in a parallel bearish trendline currently making its way up from the the bottom trendline of the channel. fresh and original demand level of proximal price @ 0.88590 indicating that current price is driven by bullish momentum. drilling down to the daily chart (monthly overview) price formed several full OCLH...

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digging right into the technicals on the weekly price chart (monthly overview) 3 weeks ago, trading week of '8-12 Aug 2022' price made a retest to the prev broken bearish trendline which was firstly broken on the trading week of '21-25 May' forming the first full OHLC candlestick above the bearish trendline indicating a shift in monthly momentum to bullish adding...

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the crypto markets have seen a slight recovery after July CPI , Consumer Price Index indicated a slowdown in the growing rate of inflation. The crypto exchange market capitalization rose by 4.0% with a major key player ETH, Ethereum rallying over 12% outperforming Bitcoin. on the Bitcoin monthly chart , price is reacting to recent bearish rejection/ recent high @...

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since hitting all time highs @ 69000.00 (coinbase price feed) last year 10.November , the crypto assert class mover and shaker has seen a plummet of -63% from ATH to recent low @ 25338.53 which was recorded in yesterday trading session. from my chart work , BTCUSD has made its steep decline in a traditional trading pattern of a descending parallel channel ,...

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from my preceding gold idea , i stated having long bias on the precious metal at daily demand valley @ 1927.180 , price went to the upside 160pips in my favor before finding resistance at daily supply peak @ 1944.625 that drove price to the downside unfortunately taking me out. the drop continued from early New-York session . throughout the Asian session breaking...

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Gold prices made an intraday bearish reversal , reaching high @ 1966.206 before making the bearish turnaround. a possible increase in xauusd prices is expected as due to geopolitical factors of investors looking for a safe store of value against rising inflation pressures caused by spiral of commodity prices due to the Russia - Ukraine invasion. The anticipated...