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  • MartinWilliams
    replied
    Market updates on August 12

    Check the charts: http://bit.ly/2H1az2g

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  • MartinWilliams
    replied
    Weekly Cryptonews

    Check the charts: http://bit.ly/2KsCnPe

    09.08.2019

    Cryptotraders await when the BTC will choose its direction. On Monday bulls confirmed their strength with the strong rise above the 50-day simple moving average and the 50% Fibo level. After that, the consolidation has begun. Bitcoin has been trading in a narrow range between $11,560 (50% Fibo) and $12,030 (61.8% Fibo) levels. If the upper border of the range at $12,030 is broken, the oldest cryptocurrency will rise towards the $12,360 level. The next resistance will lie at $12,770. In case of the alternative scenario, the $11,560 level will be broken and the $10,770 level (50-day SMA) will be in focus.

    After the successfully conducted halving in the Litecoin network on Monday, the digital silver tested the 100-day SMA, but could not stick near that level and started to move down. On Friday, it has tested the support at $84.77. In case of a breakout of this level, the price of Litecoin will try to fall to the levels below the 200-day SMA, where it may find the support at $76.78. If the price of the digital currency reverses, the first resistance will lie at $92.19. The next one will be placed at $98.86.

    The price of Ethereum has been weakening, too. The digital asset has been trading within a month-long range between the $202.04 and $233 levels. After the test of the upper border of this range on Monday, the digital currency has been moving down. If the lower border of the range at $202.04 is broken, the next support will be placed at $192 (50-day SMA). From the upside, the next key resistance will lie at $250.

    The situation has not changed for DASH since the last week. The breakout on Monday appeared to be the fake one and the cryptocurrency returned to the 100.64-106.9 range. From the upside, the next level lies at $113.78. In case of the downward pressure, the key level will be placed at $97.3.




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  • MartinWilliams
    replied
    Market updates on August 8

    Check the charts: http://bit.ly/2TiX02U

    08.08.2019

    During the Asian trading session, the People's Bank of China set the reference rate for USD/CNY at 7.0039. This is the highest level in a decade, but not as high as analysts expected it to be. As a result, USD/CNH fell towards the support at 7.0650 right after the test of the resistance at 7.0977 level. If bears continue to pull the pair down, the current support may be broken, and the next one will lie at 7.0420. In case of a less risky environment, the pair will retest the 7.0977 level.

    USD/JPY has been consolidating in the 106-106.27 range after the bullish surge towards the 106.27 level. From the upside, pay attention to the resistance levels at 106.63 and 107.05. On the other hand, if bears take control over the market, the 106 level may be broken and the next support will lie at 105.52. After that, keep an eye on the 105.3 level.

    AUD/USD has risen on the softer risk sentiment. After the crossover of the price with the 0.6772 level (23.6% Fibo) on H4, bulls will have a chance to push the pair higher to the 0.68-0.6819 support levels. In case of risk aversion, the support at 0.6752 may be broken and the retest of the 0.6676 level may be possible.

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  • MartinWilliams
    replied
    Market updates on August 7

    Check the charts: http://bit.ly/2YwCNN1

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  • MartinWilliams
    replied
    Important indicators may push the GBP up

    More at: http://bit.ly/2M4jPqz

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  • MartinWilliams
    replied
    Market updates on August 5

    More at: http://bit.ly/2MHcbSm

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  • MartinWilliams
    replied
    Market updates on July 31: the Fed decision

    Check the charts: http://bit.ly/2MAV1FR

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  • MartinWilliams
    replied
    Market updates on August 1

    Check the charts: http://bit.ly/2Yj6kts

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  • MartinWilliams
    replied
    The US-China trade war escalates

    Check at: http://bit.ly/2YFiFYq

    02.08.2019

    Good Friday, traders! Let's start with the updates from the US-China trade war's front.
    Yesterday, US President Donald Trump announced an additional 10% tariff on the remaining 300 billion dollars of goods and products since September 1. China, in its turn, said about countermeasures needed as a response to this unexpected move. As a result, the risk-weighted assets dropped significantly.

    The Australian dollar and the New Zealand dollar have seen huge moves to the downside. AUD/USD is currently trading at the lowest levels since January's flash crash.

    Safe-haven Japanese yen has strengthened. USD/JPY has been targeting support from June 25 at 106.76.

    USD/CNH has risen to the highest levels since last November. The pair is currently trading at 6.9718.

    Gold retested its recent highs at $1,448.

    As for exotic currency pairs, USD/MXN and the USD/ZAR jumped higher, while USD/BRL gapped up above the 50-day SMA since the start of today's trading session.



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  • MartinWilliams
    replied
    The British pound is awaiting the BOE meeting

    Check the calendar: http://bit.ly/2Gz4j1m

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  • MartinWilliams
    replied
    5 important events this week will bring us!

    More at: http://bit.ly/2GBbiqt

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  • MartinWilliams
    replied
    Market updates on July 26 Check the charts: http://bit.ly/2GtKQis

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  • MartinWilliams
    replied
    Market updates on July 25

    More at: http://bit.ly/2OgB4Xt

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  • MartinWilliams
    replied
    Market updates on July 24

    Check the charts: http://bit.ly/2ZdlBbw

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  • MartinWilliams
    replied
    Will the ECB president change his tone?

    More at: http://bit.ly/2SFs7W2

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