During this Tuesday trading session, the futures of British Pound soars 0.30%, advancing 0.12% this week. Follow with us what to expect from the coming sessions for this group.
The GBPJPY cross 4-hour chart shows a potential inverted H&S pattern. Follow with us what to expect from this chartist figure.
Bullish breakout of 1506 can lead gold prices towards 1510 and 1514, the 50% and 61.8% Fibonacci retracement levels.
Bicoin Cash may break the descending line of the triangle. Se see that, although it has had a bad July BCH moves still above the bullish trendline. Now Stoch. and MACD seem to point to a recovery above the triangular formation.
Litecoin is still consolidating the large bullish candle made yesterday. MACD still bullish, and the Stochastics seems to turn and make a crossover. That would indicate the end of this consolidation. LTC price found support at $75. $ 77 and then $80 are the resistance levels to break.
Yesterday, Ethereum had a nice day and the price crossed the $200 level. Today is following BTC path and has backed off a bit from the $203.5 resistance. MACD is still bullish and Stochastics is moving down from the overbought area. The price, although above the descending trendline is below the long-term bullish trendline (blue). So we need to be cautious.
Ripple has retraced back after touching the resistance area (blue) and now is sliding on the descending trendline. MACD is turning and very close to make a bearish crossover. Stochsatics is descending. More retracement is ahead.
Bitcoin broke the descending trendline and now moves in a bullish leg. Currently it has bounced off from close to the psychological $100,000 resistance. MACD is bullish. Stochastics overbought.
The US Dollar Index (DXY) during this year gains 2.16% (YTD). The current EW's structure, suggests the exhaustion of the bullish cycle that started on February 16, 2018. In this post, we'll review what should be the next path for the US Dollar Index.
Considering the lack of violation due to absence of economic events during the U,S,. session, we may see gold trading above 1,490 and bullish reversal is also expected above this level. Thus, consider staying bullish above 1,490 with a stop loss below 1,485 and target around 1,500 and 1,504.
Litecoin's Bounce does not break the desceding trendlne THe MACD is in a bullish phase and the Stochastics in overbought area. The price bounced off of the $78.5 resistance. A break above that level may carry the price to $83. A close below 75,75 would signal more drops.
Ethereum Bounced, but still below the descending trendline. Stochastics show overbought. The price may need a consolidation before more upside movement.
Ripple's bounce has almost erased the losses made on August 14 but it came yesterday on low volume. MACD is bullish but Stochastics show a correction or consolidation is needed.
Bitcoin is having a consolidation of the recent drop. It has bounced above the bullish trendline (blue) and is moving in a triangular formation. MACD still bullish and Stoch hovering near overbought. There seems to be strong resistance at $10,460. A close above it is bullish, A close below 9980 is bearish.
Copper (HG) futures continue under bearish pressure. During this year, the industrial commodity drops 3.21% (YTD). In this post, we'll review what to expect from Copper for the coming sessions.
This week, the most active precious metal gold is currently up to $7.20 and trading around $1511 per troy ounce after placing high around 1,528. This is a new record close for this calendar year. Although gold futures had traded to an intraday high of $1545 on Monday of this week, the effective close came in at $1514. Consider staying bullish above 1,512 and...
We can draw two bitcoin ascending trendlines, but oddly both end up confluencing at $10,000. So, the question is will the price obey and respect these trendlines and maintein the father of the digital currencies un a bullish trend? come at dittotrade.com and vote!
After yesterday's bunce, Ethereum continues moving down. MACD continues showing its bear phase. Stochastics point lower. if $180 is not held, the next support will be $152. Resistance level is $190.