Month: July 2019

  Bitcoin (BTCUSD)   Since our last crypto analysis, bitcoin has been extremely bullish and has broken a number of resistance levels. Price is up-trending but has been finding resistance around 12863. The moving averages are bullish and steady, signalling that the upside momentum could continue. Opportunities to go long …

  GOLD has recently reached 6 year highs, prices not seen since 2013. Will the upside momentum continue?   GOLD – Daily – XAUUSD   As suggested in our last GOLD analysis, price reversed around the longer-term moving average and has swung higher. GOLD is clearly up-trending. The moving averages …

  ASX 200 (Australian Stock Index – AUS200)   As suggested in our last indices analysis, the ASX has been reversing off the horizontal levels at 6210 and 6371. Price has been bullish and has swung much higher. The moving averages have crossed bullish and are steady, signalling that the …

  AUDUSD – Daily Chart   As suggested in our last daily chart analysis, the AUDUSD has continued to be bearish and downtrend. The moving averages are bearish and steady, signalling that the downtrend could continue. Shorting opportunities may exist around the dynamic resistance of the moving averages and around …

EUR/USD The Euro corrected downwards yesterday and now is trading inside the local consolidation between the support 1.1237 and the resistance 1.1280. Given that the large volume is concentrated inside this range, we can open new positions only after the sharp exit of the price from it. Moreover, the breakout …

  Traders often neglect the importance of having a correct mindset in trading forex. Yes, trading strategy is important but no, we are not saying it should be on top of your trading mindset. Having a perfect trading strategy can definitely help you in gaining but if you have the …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price reversed around the horizontal level at 0.6965. The AUDUSD continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they have been crossing frequently and are moving sideways. Trading opportunities could …

EUR/USD The Euro demonstrated an abrupt growth supported by the large volume. Besides it, we need to point out the new volume level of support, it’s 1.1237. Therefore, we may consider a scenario of opening long positions. We can enter the market after a smooth downward correction, in order to …

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, the AUDUSD reversed around the horizontal support at 0.6905 and then found resistance around the longer-term moving average. Price has since been bullish and has moved above the moving averages, signalling market indecision. The moving averages confirm the …

EUR/USD The Euro continued falling and now is trading nigh the level of support 1.1185. Therefore, our previous scenario remains relevant: we may reckon a breakdown of this level, which will be a great bearish signal and allow us to open short positions. The fall must be sharp, confident and …