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The FDAX monthly chart corresponds to the fourth part of our educational article about the Elliott Wave Theory.

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MOnero moves strongly in an upward trend. Technical indicators confirm the price action. Next resistance level is $78

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The SPX daily chart, corresponds to an example of the third article about Waves identification.

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LTC retraces after hiting $71 resistance. Now the red candle engulfing the green one is not good news. Indicators point for more drops. That could be confirmed is the price breaks below the support at $66.7

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This chart corresponds to our third article covering the Elliott Wave Theory.

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Litecoin has hit $71 resistance level which is the neckline of a complex H$S pattern. Currently the price is touching the ascending trendline that traced the latest movmenets of this digital currency. MACD still bullish. A push pf the Bitcoin would help it overcome this resistance point.

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Ethereum moves un an uptrend. Now the price has retraced a bit after selling pressure at $183 MACD still bullish.

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Although following the wave of bullishness of Bitcoin Ripple is much more vulnerable to market downturns, as this company constantly releases huge amounts of new tokens to the markets. Techincal indicators is turning bearish although price is still above the ascending trend line.

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Bitcoin is consolidating after two days of gains. Now the price is touching the ascending trendline and seems to hold there. The less favourable scenario is for the price to continue moving to touch a projection of the mid-Bollinger line. The outlook mid-term continues to be bullish.

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This chart corresponds to our second article about The Elliott Wave Theory

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This chart,corresponds to the second part of the educational series about Elliott Wave Theory.

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The following figure shows the basic structure of a five waves sequence.

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On April 24, 2017, the common currency opened with a gap that remains open. The bullish movement was triggered by the Frances' election, from where the pro-Europe candidate Emmanuel Macron won to Marine Le Pen. The Macron's victory aided to drove to the euro to jump from 1.0724 to 1.09185 on the April 24 trading session. On the technical side, gaps tend to be...

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Litecoin is still retracing part of the losses made last week. MACD still in a bullish phase. But the price is facing resistance at $66.8. The price still follows an ascending trendline, but is close to the descending one which acts as a resistance.

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The price of the Ethereum is not finding buying interest. The price action lacks volume after the large bullish candlestick made last Saturday. MACD is stll bullish.

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Ripple timid bounce touches resistance and backs down. MACD poised for a bearish transition warns for more drops. Labels point suport and resistance levels.

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Bitcoin near Resistance levels after three days of retracements from the last drop.  Bitcoin, after bouncing off from the supply area (green) is touching the descending trendline. Stochastics is overbought, while MACD still points for more upside movement.

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In the first trading session of the week, the Dollar Index (DXY) continues being traded bullish. The price action calls for a new high expecting a new labour market data release.