EUR/USD: Traders Hope for a Bounce Despite 2018 Lows

Long & Short Positions Decrease This Week EURUSD: Retail trader data shows 60.3% of traders are net-long with the ratio of traders long to short at 1.52 to 1. In fact, traders have remained net-long since Aug 01 when EURUSD traded near 1.16629; price has moved 2.1% lower since then. The number of traders net-long […]

NZD/USD Intraday technical levels and trading recommendations for August 13, 2018

Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). The quick bearish decline took place towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum allowed evident bearish […]

Bitcoin analysis for August 13, 2018

Trading recommendations: According to the 30M time frame, I found that price failed to go through resistance 1 at the price of $6,463, which is sign that buying looks risky. I also found a low close doji (LCD) pattern, which is a sign of weakness. My advice is to watch for potential selling opportunities. The […]

Analysis of Gold for August 13, 2018

Recently, Gold has been trading downwards. The price tested the level of $1,198.90. According to the H1 time – frame, I found a breakout of the 3-day consolidation in the background, which is a sign that sellers are in control. The short-mid term trend is bearish and my advice is to watch for potential selling […]