Analytics News and Market Forecast

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
by Kathy Lien and Boris Schlossberg
Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle.


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish ranging between Fibo resistance level at 1.5929 and 61.8% Fibo support level at 1.5086:
38.2% Fibo support level at 1.5410 is going to be crossed by the price from above to below for the bearish condition to be continuing;
200 SMA and 100 SMA are moved in almost horizantal way for ranging market condition;
there is expectation for the ranging bearish condition with first target as 38.2% Fibo support level at 1.5410 and second target as 50.0% Fibo support level at 1.5247;
if the price breaks 61.8% Fibo support level at 1.5086 so the next target will be Fibo level at 1.4564 which may be expected by the end of this year for example.


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Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA:
the price crossed 0.7532 support level on close W1 bar for the bearish to be continuing;
triangle pattern was broken by price for good possible breakdown of the price movement;
next support level to be broken is 0.7371 key level;
Nearest key support level is 0.7371 (W1);


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bullish ranging between 23.6% Fibo support level at 15.40 and Fibo resistance level at 17.75:
23.6% Fibo support level at 15.40 is going to be crossed by the price from above to below for the bearish market condition to be continuing;
next targets are Fibo level at 14.67 and November last year's low at 14.35;
RSI indicator is estimating the downtrend to be continuing.
If the price will break 23.6% Fibo support level at 15.40 on close weekly bar so the bearish market condition will be continuing without ranging possibilities with new targets as 14.67 and 14.35.


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New York-based Bitcoin exchange Coinsetter announced margin trading
“Coinsetter has made bitcoin trading capital efficient with the expansion of our margin trading capabilities, which were previously only available to business customers. Traders globally can now maximize their ability to capture bitcoin trading opportunities. Coinsetter is now offering all clients access to up to $25,000 in interest-free margin at up to 5:1 leverage. For the first time, the majority of traders will have access to leveraged capital on the most advanced, low-latency and highly secure bitcoin exchange in the world.”
Chinese Bitcoin trading platform OKCoin and compensation for DDoS affected users


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Citibank provided some forecasts concerning fundamental news events on Thursday related to ECB meeting and potential EUR reaction. Citi described it on 4 points to be mention:
"European data has improved, but undeniably the risks to Europe have increased".
Citi analytics see a little option for Draghi for the situation improvement to reduce the risk.
"Growth has trudged along in Europe since the last ECB meeting. Broadly, there has been better data in France, Spain and Italy, with some weakening in Germany...Draghi is likely to remain cautious and given the decline in oil, there is some potential for a mildly more dovish message on inflation," Citi adds.
"We bias a weaker EUR through the press conference."


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1. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX. These institutions make up over 75% of the over $3 Trillion dollars in FX Traded on any given day.
Institutions with direct interbank access:
Access to the tightest prices.
Access to the best liquidity.
In contrast to individuals who make a deposit into their account to trade, institutions trading in the interbank market trade via credit lines. In order to get a credit line from a top bank to trade foreign exchange you must be a very large and very financially stable institution, as bankruptcy would mean the firm that gave you the credit line gets stuck with your trades.


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W1 price is located below 200-period SMA and below 100-period SMA for the primary bearish market condition with secondary ranging between 61.8% Fibo support level at 1.0843 and Fibo resistance level at 1.1466:
50.0% Fibo support level at 1.0964 crossed by the price on open weekly bar from above to below for the primary bearish trend to be continuing;
the price is breaking 1.0915 support level for now;
the price is breaking the triangle pattern from above to below for good possible breakdown;
the next targets after 1.0915 support level to be broken are the following: 1.0843 and 1.0818.


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ECB President Mario Draghi has confirmed that the central bank left rates unchanged. Besides that, he commented on the ongoing asset-purchase program, as well as liquidity for Greek banks.


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W1 price is located above 200-period SMA and below 100-period SMA for the primary bullish market condition with secondary ranging between Fibo support level at 126.08 and Fibo resistance level at 141.05:
38.2.% Fibo level at 135.38 crossed by the price few times from above to below and to below to above for ranging market condition;
the price is located near and below 100 SMA and 23.6% Fibo resistance level at 137.54;
the value of 200 SMA is located near Fibo support level at 126.08;
weekly RSI is estimating the ranging condition waiting for direction.


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