Technical analysis of EUR/USD for Oct 04, 2017

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data, too, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final […]

Technical analysis of USD/JPY for Oct 04, 2017

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY will move with medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.16. […]

USD/JPY prepare to sell on the break of support

The price has been hovering around our resistance area and forming a very nice reversal pattern. We look to sell on the break of our triangle formation and break of key support at 112.65 (overlap support, triangle support) for a drop towards 110.90 support (Fibonacci retracement, horizontal overlap support). RSI (55) sees bearish divergence signaling […]

China’s Bitcoin traders in the wake of the crackdown — «Bite me!»

Several Chinese exchanges have shut down but many BTC traders there are carrying on: Traders have now moved to buy and sell bitcoin directly with each other Using peer-to-peer marketplaces & messenger apps Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators […]