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Tag: Technical Analysis

Technical crypto analysis based on breakout – Sell XRP towards 0.292

XRP – Technical Observation: Yesterday, Ripple failed to sustain the break above the two SMAs, (14, 52) and has now gone below the two SMAs, I expect a surge to the lower side with my take profit being $0.292. On its way to the lower side, the key lines to check for include $0.432, $0.3212 […]

Technical crypto analysis based on breakout – Buy Ether towards $722.90.

ETH – Technical Observation: Yesterday, Ether rallied higher and is still being supported by the three Simple Moving Averages (14, 52, 90). As I mentioned previously, while the price is contained above these three SMAs, I expect a surge upwards with an ideal take profit at $722.90. On its way upwards, the key lines to […]

Technical crypto analysis based on breakout – Short BTC towards $6,005.38

BTC – Technical Observation: BTC is currently trading with a neutral bias. I expect a spike towards $6,969.17 but from the look of things, BTC could plummet without making any clear moves upwards. Thus, if you’re not already in a short position, you may opt to pick short positions now towards $6,005.38. If this take […]

Live FX Market Analysis – 19 June 2018 (Video)

In this week’s webinar, Senior Market Analyst Craig Erlam discussed last week’s G7 summit, the trade spat between the US and China, the Federal Reserve decision, European Central Bank decision and upcoming Bank of England announcement, among other things. Craig also gives his live analysis on EURUSD (14:37), GBPUSD (16:56), EURGBP (18:00), AUDUSD (18:39), USDCAD […]

Brent Technical Analysis: As OPEC Meets, Brent Could Rise to $74

Crude oil has been one of the best performing assets this year. This year, Brent crude has gained almost 10% while WTI has gained 6%. In the past few weeks, crude oil has fallen from the recent highs as concerns of overproduction have increased. Today, Brent and WTI have reached $73 and $64 respectively. This […]

Euro Drops as ECB Extends Quantitative Easing Program

Early today, the Australia Bureau of Statistics (ABS) released the employment numbers for the month of May. The unemployment rate in the country fell to 5.4%, which is the lowest level since 2012. The employment change and participation rate during the month disappointed. 12K people were employed in the month, which was lower than the […]

Technical crypto analysis based on breakout – xrp

EURUSD – Up BTC Review: technical Observation: BTC is currently trading with an increasing bearish momentum. Last week, BTC spiked massively to the lower side, breaking below the three Simple Moving Averages and is still way below them. As I said previously, while the price is contained below these three, I expect further surge to […]

Why Gold Could Head to the Resistance Level of $1310

Gold has been in use as a means of exchange for more than 2000 years. In all the major religious and historical books, the role of gold as an important and precious metal has been prominent. Today, the role of gold as a currency has changed. In fact, most people who own gold don’t own […]

Live FX Market Analysis – 5 June 2018 (Video)

In this week’s webinar, Senior Market Analyst Craig Erlam discussed the major events moving financial markets right now including political chaos in Italy and Spain and Trump’s tariffs on the EU, Canada and Mexico. He also previewed the week ahead. Craig also gives his live analysis on EURUSD (13:31), GBPUSD (17:04), EURGBP (18:39), AUDUSD (19:24), […]

Weekly analytics- Elliott waves analysis – Still buying gas

Gas weeky Review Wave Analysis For an entire week, Gas traded impulsively to the upperside and is still several points below the upper resistive trendline. As long as this trendline holds price below it, we expect the price to rally upwards but should not break above this trendline, where we’ll be looking for a short […]