Woke up at 5AM to catch the tulips with morning mist, the Netherlands
The Euro continues to inch upward against the British Pound but the dominant price trend continues to favor a downside bias for the single currency. The pair has recovered to the highest level in nearly two months but price action remains firmly locked within a falling channel set from October 2017. Major resistance comes in at 0.8904, the confluence of a former chart inflection point as well as the trend channel top. A close above that ...
There is nothing like a good hike. Le Moléson, Switzerland
The EURUSD range of 2018 has been a frustration to many traders, however, EURUSD did at long lost make a break through the YTD low at 1.2154, forming a near term base at 1.2050 (200DMA) after breaching the 2017 peak at 1.2093. The question among traders is whether this will be a sign for a bearish trend forming? Looking ahead to next week, the key risk event will be the FOMC meeting and as is usually the case on the first Friday of a new ...
Bitcoin: Retail trader data shows 73.2% of traders are net-long with the ratio of traders long to short at 2.74 to 1. The number of traders net-long is 3.6% lower than yesterday and 6.6% lower from last week, while the number of traders net-short is 1.7% lower than yesterday and 7.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. ...
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