On D1 chart the instrument is trading in a narrow range of 16.93-17.00. The Bollinger Bands are directed upwards, while the price range has widened which is a reason for the preservation of the upward trend. The nearest strong support level is 17.00, and breaking through it will be a signal for the …
See Original Article
Bitcoin today is surging higher. The price is trading back above the $16000 level (currently trading at $16300). Yesterday, the lows were closer to $14100. The high on Coinbase today reached $16586. The high going back to December 27th came in at $16490. The 61.8% of the move down from the …
See Original Article
It is US unemployment day (and Canada for that matter too). The snapshot of the strongest and weakest is showing the NZD is continuing as the strongest, while the JPY remains the weakest. They were the same winners and losers from yesterday's trading too. The USD is marginally stronger with gains …
See Original Article
The single currency closed out 2017 in a rather positive fashion, and against the U.S. Dollar, we finally saw the pair re-engage with the psychological resistance level of 1.2000. This is a very pertinent observation, as 1.2000 seemed to be like a line-in-the-sand for resistance when EUR/USD started to …
See Original Article