Daily F.X. Analysis, September 16 – Top Trade Setups In Forex – Dovish FOMC Sentiments In Play! 

  The U.S. Dollar has recorded an uptick in activity these past weeks, but that hasn’t accurately translated into a significant productive course from the benchmark currency. The greenback plunged on the back of a stable euro, though optimism for a thaw in Sino-U.S. trade war helped equity markets, limiting bullion’s gains. On Monday, the economic calendar is a bit light as investors are expecting just manufacturing figures from China during the Asian session. Rest of the day is likely to “price in” the rate cut sentiments from the Federal Reserve, which is due on September 19, Thursday. Economic Calendar – China’s Industrial Production In Action       BTC/USD – Daily Analysis It’s been a whole week now; the BTC/USD traded in narrow ranges of 10500 – 10200. Bitcoin is trading at its current price of $10,350, and it’s trying to push up against its next resistance level of $10,400. Bitcoin closed the week around 10292, right in the middle of upper and lower levels — the leading indicators such as RSI (Relative Strength Index) is holding into the selling zone, below 50 levels. This suggests the bearish bias among traders. However, the 50 periods EMA is indicating support around 10259. BTC/USD – Daily Technical Levels Support Resistance  9,912.98    10,301.69 9,731.37     10,508.79 9,342.66    10,897.5 Pivot Point 10,120.08 BTC/USD – Daily Forecast Last week, everyone was concentrating on the European Central Bank’s rate decision, perhaps that’s the reason we didn’t see much movement in the Cryptocurrencies. The BTC/USD

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Daily F.X. Analysis, September 13 – Top Trade Setups In Forex – U.S. Retail Sales Day!

It was a pretty volatile day as the market reacted dramatically on the release of ECB rate decision on Thursday. The ECB declared a quantitative easing (Q.E.) plan that involves 20 billion euros per month. The central bank also lowered its primary deposit rate by ten basis points to -0.5%, in line with investor forecasts. Besides, the U.S. President Donald Trump used the events to repeatedly blame the Federal Reserve of not extending enough support to the U.S. economy. Today, the market will be focusing on U.S. retail sales and core retail sales data to determine future trends.   Economic Calendar – Retail Sales on the Cards      BTC/USD – Daily Analysis On Friday, the Bitcoin is trading bullish, after trading sideways for a week. The market focus was mostly stuck at the ECB policy decision, which is finally over.  BTC/USD surged over 2% at its current value of $10,315, which indicates a wave from its immediate lows of $10,000 that was set yesterday.  Bitcoin finally made a slightly bullish move to place a high of around 10470. It has crossed the 50 periods EMA on the upper side, which is signalling a bullish bias among crypto traders. On the technical side, the BTC/USD may show a slight retracement ahead of showing a continued bullish trend.  BTC/USD – Daily Technical Levels Support Resistance  10,055.76 10,785.19 9,768.66 11,227.52 9,039.23 11,956.95 Pivot Point 10,498.09 BTC/USD – Daily Forecast The BTC/USD has not changed much as investors focus stayed on the ECB monetary

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Daily F.X. Analysis, September 12 – Top Trade Setups In Forex – ECB Rate Decision Day!  

Finally, the wait is over, and the European Central Bank is likely to reveal it’s interest rate later in the day. On Wednesday, the U.S. dollar index climbed on as U.S. security yields extended its bullish run on inflation data. Whereas, the reversal in the loonie amid sinking WTI crude oil prices also boosted the Greenback. Overall, the dollar index that estimates the Greenback strength against a trade-weighted basket of six major currencies increased by 0.33% to 98.65. Most of the bullish trend in the dollar was triggered on the back of the producer price index, which increased by 0.1% last month, in line with economists’ estimates.    Economic Calendar – ECB Monetary Policy Decision      BTC/USD – Daily Forecast The BTC/USD hasn’t changed so far after it gradually decreasing and broke above the $10,000 resistance area versus the U.S. Dollar. The price is experiencing challenges to cross over the bearish trendline resistance areas. It might extend to struggle around $10,450 and $10,800.  Looks like, we don’t have much demand for the leading cryptocurrency as investors are eyeing the ECB and stock markets amid risk-on sentiments.  Speaking about the technical side of the market, the BTCUSD has not changed much. It continues to trade sideways trade below 50 periods exponential moving average, which is extending strong resistance at 10,400. Below 10,400 trading level, the Bitcoin is likely to go after 9,820. The RSI and Stochastics have entered the selling zone, crossing below 50 regions.  BTC/USD – Daily Technical Levels

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Daily F.X. Analysis, September 11 – Top Trade Setups In Forex – PPI Ahead! 

On Wednesday, the Asian session was a bit fragile as investors don’t see any significant economic event which could shake the market. Weak trader’s confidence has boosted the dollar and weakened the safe-haven yen lately. Nevertheless, forex markets held to narrow trading ranges before series of main central bank gatherings across the week.  Trade focus, for now, is centered on the European Central Bank’s meeting, which is due on Thursday, which is expected to push interest rates even further into negative territory.   Economic Calendar – PPI Data Ahead       BTC/USD – Daily Forecast Bitcoin price is gradually decreasing and lately broke the $10,000 support area versus the U.S. Dollar. The price is suffering a difficult task, and it might extend to struggle around $10,250 and $10,300. There is a primary bearish trend line building with resistance around $10,250 on the hourly timeframe of the BTC/USD pair.    The technical side of the market remains the same, mostly. The BTC/USD proceeds to trade below 50 periods exponential moving average, which is extending strong resistance at 10,400. Below 10,400 trading level, the Bitcoin is likely to go after 9,820. RSI and Stochastics have entered the selling zone, crossing below 50 regions.  BTC/USD – Daily Technical Levels Support     Resistance  10,055.76    10,785.19 9,768.66      11,227.52 9,039.23      11,956.95 Pivot Point 10,498.09 BTC/USD – Daily Forecast Bitcoin slipped lower to complete 61.8% Fibonacci retracement at 9906 area but has managed to close above the support zone. On

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Daily F.X. Analysis, September 10 – Top Trade Setups In Forex – U.K. Labor Report Ahead! 

The U.S. dollar index sailed lower as traders risk appetite increased after the forex gained support on a statement of German stimulus plans, reducing uncertainties of a no-deal Brexit and expectations of an invention in the Sino-U.S. trade war. Risk-On Sentiment  The risk sentiment is turning has shifted from risk-off to risk-on, primarily due to lack of developments in the U.S. China trade war and Brexit.  Moreover, the CPI figures from one of the worlds biggest economy China has been optimistic. China’s consumer price index (CPI) mounted above the trend in August. According to the National Bureau of Statistics, China’s CPI increased by 0.7% in August, up from 0.4% in July.   Economic Calendar – U.K.’s Labor Market Report In Focus     BTC/USD – Daily Forecast Bitcoin (BTC) has been consolidating in a narrow range for the better part of the day. Bitcoin seems to be staying over the $10,300 price point. The coin marked a low of $10,080 prior ahead of moving to an intraday high of around $10,400 and is currently trading at $10,354, dispensing a tiny loss of 0.41% on the day.   The technical side of the market hasn’t changed much as the BTCUSD continues to hold below 50 periods EMA, which is extending strong resistance at 10,400.  Below this level (10,400), the Bitcoin is likely to go after 9,820 level as the RSI and Stochastics have entered the selling zone, crossing below 50 regions.    BTC/USD – Daily Technical Levels Support Resistance  10055.76 10785.19 9768.66

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Daily FX Analysis, Sep 09 – Top Trade Setups In Forex – UK GDP on Radar

On Monday, the dollar was restricted to a tight range versus the yen as traders considered the prospect of U.S. interest rate cuts against their demand for safe-haven assets.  The U.S. Labor Department announced that the economy scored 130,000 non-farm payrolls in August (vs +160,000 expected, +159,000 in July) and the jobless rate was steady at 3.7% (as expected). U.S. government bond rates rose following the report that non-farm payroll addition was smaller than anticipated. The benchmark 10-year Treasury yield dipped to 1.552% from 1.569% Thursday.   Economic Calendar – U.K.’s GDP Figures Ahead      BTC/USD – Daily Forecast The leading cryptocurrency Bitcoin (BTC) lower, but mostly keeping it’s trading sideways within a wide trading range of 10,650 – 9,500. The pair continues to eye $11,000, with mostly registering minor gains on the day. The recent move from $9,350 to $10,800 brought Bitcoin price beyond the 50-day MA. Earlier, it was bound within the 50 and 100 days MA.  As BTC made a big run at $11,000, a spike in bear volume broke BTC, but buyers walked in and swallowed the dump. BTC is maintaining the range it’s been in for the last week, and $10,500 now acts as resistance whereas previously it functioned as support.    Technically, the BTCUSD is likely to go after 9,820 levels, but before this, we may experience a slight bullish retracement in Bitcoin.  The RSI and Stochastics, both of the leading indicators have entered the selling zone; in fact, it’s entering the oversold zone

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Daily FX Analysis, Sep 06 – Top Trade Setups In Forex – Market Awaits NFP! 

On Friday, the financial markets are all about trading the U.S. Non-farm payroll. A day before, greenback extended its fall on following disappointing manufacturing data, helping the euro to recover from more than two-year lows. The dollar kept on falling despite stronger private (ADP) labor market reports. Whereas, the British Pound also rallied, recovering some of its losses after the latest parliamentary effort to stop a no-deal Brexit.   Economic Calendar – U.S. Non-farm Payroll on Radar   EUR/USD – Oversold Pair Recovers, What’s Next? The EUR/USD currency pair continued its bullish streak and climbed to 1-week highs during the last hour, although some pips immediately retreated due to upbeat US ISM PMI.  After a decline during the opening market to the nearness of the key 1.10 psychological mark, the EUR/USD currency pair recovered positive resistance and hit the weeks solid rebound from the twenty-eight-month lows. As well as, the current selling bias in greenback, even after a strong intraday uprising in the US treasury bond yields, was marked as one of the key factors pushing the EUR/USD pair higher. The greenback buyers are not seemed happy by Thursday’s stronger United States ADP report, representing that the private sector unexpectedly increases the employment rate added 195k jobs during August. After this, ISM non-manufacturing PMI released, which jumped to 56.4 during August as somewhat against to 54.0. However, it should be noted that if the EUR/USD currency pair is capable to continue its increases or able to take some weakness because

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Daily FX Analysis, Sep 05 – Top Trade Setups In Forex – Brace for ADP Nonfarm Payroll! 

The U.S. dollar fell during the previous session after New York Federal Reserve President John Williams said the economy looks “weaker than previously thought” and the central bank needs to stay flexible. His remarks were enough to drive sharp bearish moves in the dollar and bullish moves in the precious metal gold.  The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.5% to 98.415.  Today, the market will be focusing on the advance NFP figures and crude oil inventories from the United States to drive further trends in the market. Economic Calendar – ADP NFP Figures Highlights        BTC/USD – Daily Forecast On Thursday, the leading cryptocurrency Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 – 10,350. The pair continues to eye $11,000, with mostly registering minor gains on the day.  Bitcoin (BTC) price was testing support at $10,500 on Sept. 4 after its latest move upwards began to stabilize. After displaying an extraordinary price movement of violating 9890 on Wednesday, the Bitcoin is holding in a narrow range of 10,750 to 10,350.  Speaking about the technical side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight bearish retracement in Bitcoin, and that’s exactly what BTC is doing right now. The RSI and Stochastics, both of the leading indicators have come our of the bullish zone; in fact, it’s entering the oversold zone now. Investors seem to

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Daily FX Analysis, Sep 04 – Top Trade Setups In Forex – BOC In Highlights! 

During the early Asian session, the U.S. dollar gave up a two-year high reached on Wednesday versus a basket of six major currencies to trade at 98.915. Besides, the index also gave up ground to the yuan and steady against the euro, with one euro buying $1.0975. The British pound slipped dramatically on Wednesday in the wake of a parliamentary vote removing the door for another Brexit delay, while the dollar drifted lower after soft manufacturing data generated sentiments of aggressive U.S. policy easing. Economic Calendar – BOC Policy Rate In Highlights  On the technical side, the focus stays on a series of high impact economic events such as monetary policy decisions from the Bank of Canada, U.K’s Inflation Report Hearings and Trade Balance figure from Canada. BTC/USD – Daily Forecast On Wednesday, the leading cryptocurrency Bitcoin (BTC) continues to eye $11,000, with mostly registering minor gains on the day. The price of Bitcoin (BTC) has surged over the past few days and has again passed the $10,500, the triple top level.  Bitcoin continues to display extraordinary price movement after trading close to $10,300 for the better part of the day. At the time of writing this setup, the leading cryptocurrency is trading at $10,718 — up 2.9% on the day,  The BTCUSD has already violated the immediate resistance area of 10,500 after violating the psychological area of 10,000. On the upper side, the BTCUSD is likely to go after 11000 levels, but before this, we may experience a slight

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Daily FX Analysis, Sep 03 – Trade Idea’s for BTC EUR & AUD – RBA Cash Rate In Focus!

On Monday, the greenback has been the undisputable leader of the Forex board, particularly through the last week of trading, in what shifted a rather momentous month of August, characterised by the intensification of the US-China trade war, with the latest releases to hike tariffs coming into effect this last Sunday.  Earlier today, during the Asian session open, the dollar index was at its highest in more than two years versus the bucket of 6 major currencies, while global stocks were punished by U.S.-China trade disputes. China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday. With that, the market continues to follow the safe-haven appeal, keeping investors cautious. Economic Calendar – RBA Rate & ISM Manufacturing     BTC/USD – Daily Forecast The price of Bitcoin (BTC) has surged over the past few days and has again passed the $10,000 threshold. Previously, the Bitcoin lost $600 just in the course of a half-hour — sinking below the $10,000 mark before collapsing to a weekly low of $9,362 on Aug. 29. The price has slowly increased since then and is currently trading over $10,400, up 6.54% from its previous 24-hour value. The BTCUSD has already violated the immediate resistance area of 9791 and the psychological area of 10,000. Previously we discussed, the BTC has reversed from a suggested support area of 9315. Sentiment remained bullish with an immediate resistance around 9,800 and 10,049. On the

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