Articles by admin

Chinese citizens continue to invest in Bitcoin and the crypto market, despite the government’s intense attack. In September 2017, the Chinese cryptocurrency exchanges BTCC China, Huobi, and OKCoin were closed by the government. At some point, the management of these exchanges could not leave the country because of a government…

Read More

The new week starts well with the US Dollar, although the changes are not big enough to look for a specific justification for the willingness of market participants to take profits off the table. The stock market in Asia has a mixed session behind, Nikkei 225, for a moment, enjoyed…

Read More

USD/CHF is under pressure. The pair is trading on the downside, capped by its falling 50-period moving average. The nearest key resistance at 0.9430 maintains the strong selling pressure on the prices. Last but not least, the process of lower highs and lows remains intact, which should confirm a negative…

Read More

GBP/JPY is tradking under pressure. The pair remains under pressure below its key resistance at 154.40, and is expected to post a new pullback towards 154.40. The falling 20-period and 50-period moving averages maintain the strong selling pressure, and should continue to push the prices lower. Even though a technical…

Read More

The US dollar index remains in a bearish trend. The dollar index will need to break above last week’s high in order to confirm that at least a short-term low is in. The dollar index should break above 90.60 to change short-term trend. Red lines- bearish channel The dollar index…

Read More

Gold price is showing signs of weakness and could pull back towards cloud support of $1,330 before resuming the upward trend. Trend remains bullish. Gold price is trading below both the Tenkan- and Kijun-sen. Besides, it is trading above the 4 hour cloud. The short-term trend is bullish as long…

Read More