USD/JPY analysis for November 28, 2017

Recently, the USD/JPY has been trading sideways at the price of 111.30. According to the 30M time — frame, I found that price is testing an upward trendline (resistance), which is a sign that buying looks risky.Also, I found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice […]

Germany Dec GFK consumer confidence 10.7 as expected

German Dec GFK consumer confidence data now out 28 Nov 10.7 prev Ntg to see hereThe Gfk German Consumer Climate Index measures the level of consumer confidence in economic activity. The data is compiled from a survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions.EURUSD […]

BITCOIN Analysis of November 27, 2017

Bitcoin very impulsive with the gains breaking above $9,000 and residing above the $9,600 price area. Price has been more impulsive than expected and $10,000 price area can be hit anytime sooner. Bitcoin has been quite volatile recently after the Bitcoin wallet hack but with some correction it has moved quite higher without any certain […]

How to distinguish a real breakout from a false one

Technical analysis offers a lot of instruments to determine important levels. We draw these levels through previous highs and lows, find them with the help of Fibonacci tools and pivot points, trendlines etc. At first sight, the theory is simple: when the price breaks an important level, it means that it should continue moving in […]