EUR/USD Monthly -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant. -After following through on the 11/7 reversal and exceeding the 11/4 high, it appeared that EURUSD was going to make ...
The People’s Bank of China spat a good amount of lighter fluid on the global equity market rally at the end of a week that saw the launch of a program designed to provide two-way access to mainland and Hong Kong markets. Friday’s cut in official lending rates by the central bank is the first since July 2012 and follows a series of policy interventions aimed at indirectly stimulating its economy. Both European benchmarks and US stock index futures responded with enthusiastic advances to the reduction ...
Bitcoin Charts Analysis: Price to Hang between 350 and 365 After rallying from 320 to 453 at the start of this month, the Bitcoin price retreated last week to the month’s low at 351, after breaking through a number of key supporting levels. However there were some near-term bullish corrections during the 11/21 and 11/22 trading sessions, where price surged from 350 to 365 ...
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US Dollar Forecast– Dollar May Not Have a Quiet Thanksgiving... From a fundamental perspective, the Dollar’s interest rate backdrop seems to be mired in debate over the timing of the inevitable first hike. Japanese Yen Forecast - Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key The Japanese Yen may rise as markets look past the onset of recession and looming general election risk to focus on the trajectory of sentiment trends. British Pound ...