Forecasting

The EUR/USD is on the way up and again it's very uncommon for this market. Personally, I'll go short after the pivot. I think it's useless to open a buy here right now.

The EUR/USD is surprisingly suitable for scalpers this week, but bulls also can earn here something if they will be patient.

The GBP/USD went down all the way long and now it's time to make the pivot, so I'm definitely among the bulls this week.

The USD/JPY oes up at the moment and it has reached the level of 117.30 by now. I guess it will go further down, so I'm going long.

The pair is in a clear long-term bullish trend, but is looking increasingly likely that it will need to dip below 1.2772 before regaining enough steam to make a successful attempt at breaking above the key resistance at 1.2850.

During yesterday’s transactions, the USD/JPY rose to 111.77 before pulling back to the support at 110.88, and then settled around 111.45 at the time of writing, after the Trump administration’s announcement of the long awaited tax plan which presented no support to the USD against other majors.

Technically: the USD/JPY movement is still in an upward channel and will be stronger if the price established above 112.00 level, which will give the pair a new power to make gains. The USD is still the lower gainer against the JPY, unlike other currencies like the EUR, GBP, yet, the USD received lots of negativity because of Trump’s policy and the recent negative US economic data.

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 111.59, 111.74 or 111.95.

Long entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 110.00.

This week, we are attempting to highlight a potential move in Bitcoin that could disrupt the global economy and more traditional investment vehicles. For the past few years, Bitcoin has been on a terror to the upside. Recently, a 30% downside price rotation caused a bit of panic in the Crypto world. This -30% decline was fast and left some people wondering what could happen if something deeper were to happen – where would Crypto’s find a bottom. From that -30% low, Bitcoin has recovered to previous highs (near $8000) and have stalled – interesting.

While discussing Bitcoin with some associates a while back, I heard rumor that a move to Bitcoin CASH was underway and that Bitcoin would collapse as some point in the near future. The people I was meeting with were very well connected in this field and were warning me to alert me in case I had any Bitcoin holdings (which I do). I found it interesting that these people were moving into the Bitcoin CASH market as fast as they could. What did they know that I didn’t know and how could any potential Bitcoin blowout drive the global markets?

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