USDJPY Continues to Trade With Mixed Bias

Don’t forget to check the free Bitcoin Trading Guide if you’re new to cryptocurrencies! USDJPY: Retail trader data shows 65.7% of traders are net-long with the ratio of traders long to short at 1.91 to 1. In fact, traders have remained net-long since Dec 29 when USDJPY traded near 113.563; price has moved 5.8% lower […]

BITCOIN Analysis for April 17, 2018

Bitcoin has been quite impulsive with the bearish gains recently, which engulfed the previous bullish daily candle easily. However, today bears seemed absent in the process, whereas bulls tried to retain their ground. The price has gained over 20% recently, which was quite remarkable and which also explains the possibilities of further bullish pressure for […]

NZD/USD Price Analysis: Deeper Correction Underway?

Technical Outlook: In this week’s Technical Perspective, we highlighted that the Kiwi rally was, “eyeing range resistance at 7390 (yearly high-close)” with the immediate long-bias at risk while below this threshold. An outside-day reversal off this level on Friday further casts a near-term bearish outlook on price with daily momentum also pulling back from 60. […]

Bearish USD/JPY Series Takes Shape Despite Hawkish Fed Rhetoric

FX TALKING POINTS: — USD/JPY Rebound Sputters, Bearish Formation Starts Taking Shape Despite Hawkish Fed Rhetoric. Broader Shift in Dollar-Yen Behavior to Persist. — NZD/USD Struggles to Test February High (0.7437) Ahead of New Zealand 1Q Consumer Price Index (CPI). 2018 Range on the Radar. USD/JPY REBOUND SPUTTERS, BEARISH FORMATION STARTS TAKING SHAPE DESPITE HAWKISH […]

Bitcoin May Be Running Out of Steam

Be sure to check out our Bitcoin Trading Guide if you’re new to cryptocurrencies! Bitcoin: Retail trader data shows 72.7% of traders are net-long with the ratio of traders long to short at 2.66 to 1. The number of traders net-long is 0.7% lower than yesterday and 2.1% lower from last week, while the number […]

Sentiment Suggests EURUSD May Reverse Downtrend

EURUSD: Retail trader data shows 37.4% of traders are net-long with the ratio of traders short to long at 1.67 to 1. In fact, traders have remained net-short since Apr 06 when EURUSD traded near 1.22799; price has moved 0.5% higher since then. The number of traders net-long is 9.2% lower than yesterday and 18.2% […]

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