Analysis of BITCOIN for August 14, 2018

Bitcoin has been quite indecisive recently residing inside the corrective range from $6,000 to $6,500 area. The price has been rejecting off the support of $6,000 and resistance of $6,500 area without any strong breakout from the levels. The bearish pressure is quite strong now in comparison with bulls which is expected to push the […]

BTC : Le Bitcoin poursuit sa phase baissière

BTC/USD continue de subir des pressions baissières. Le Bitcoin casse en effet sous le seuil des 6000 et s’est rapproché des plus bas annuels à 5859, avant de remonter légèrement. La phase baissière se poursuit donc, avec des risques de cassure vers de nouveaux plus bas annuels à court terme. En dessous des 5800 nous […]

EUR/USD Outlook Mired by Oversold Signal

Euro Talking Points EUR/USD slips to fresh 2018 lows even as the Euro-Zone Gross Domestic Product (GDP) report instills an improved outlook for the monetary union, with the exchange rate at risk for a further decline as the bearish momentum appears to be gathering pace. EUR/USD Outlook Mired by Oversold Signal The Euro is back […]

USD/JPY: Prices May Fall as Resistance is Tested

Short Positions Rise 5.2% Overnight USDJPY: Retail trader data shows 57.4% of traders are net-long with the ratio of traders long to short at 1.35 to 1. In fact, traders have remained net-long since Jul 23 when USDJPY traded near 111.439; price has moved 0.5% lower since then. The number of traders net-long is 0.1% […]

GBP / JPY: Pair growth is just a correction

The currency pair pound / yen in two weeks of August lost nearly 600 points against the background of Brexit’s problems and the increased demand for protective tools. Yesterday, the impulse of the downward movement was extinguished and the bulls were able to seize the initiative, especially since the need for price correction had long […]