Daily forecast. Machine learning.Daily forecast for BTC (BITFINEX) MIN and MAX of the day based on machine learning tools.
_____________________________________________________________________________
Comments:
Hello colleagues!
The new model that we launched yesterday says that today we will reach the mark of 9664. According to our experience, the probability of realizing this forecast is very high. We are waiting for anomalous shifts, which will determine the market.
Commenting on yesterday's forecast:
It was implemented quite well. Unfortunately, in the moment there was a forecast error of $ 60. But it's not so bad.
The new model was extremely accurate in predicting the High boundary, but not very successful in Low. We will look and analyze its further results.
_____________________________________________________________________________
In addition:
The second currency will be launched today in the evening. There will be attached a description of how to use our forecasts .
_____________________________________________________________________________
Description:
Red rectangles in the upper part indicate an area where, according to the forecast, the daily maximum will be located.
The green rectangles at the bottom indicate an area where, according to the forecast, the daily minimum will be located.
Rectangles allocated by faces have a similar meaning, but they are the result of the forecast of the second model.
Forecasting
What's the next move of GBPJPY? We'll seeHere is our forecasting report in video format for GBPJPY on 2 February 2018. Enjoy.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Will XAUUSD see 1400? Someone asked me?Someone asked me whether XAUUSD will return to $1400 and you know what? My answer is always "I don't know" because here in NinjaSingapore, we only forecast based on the price action of the underlying and we don't predict where it's going as we are not the one controlling the market.
Indeed, from the recent price action, XAUUSD has been in a strong upward bias from 1237 since 12 Dec 2017 and is currently trading around 1330 at the time of writing this report.
Investors like you may be wondering this pair's movement in the following week. From a technical outlook, we do note that XAUUSD has a strong resistance at 1357 which was the high on 8 Sep 2017. If this resistance level is taken out, then we could potentially see XAUUSD test 1390 as our first level target, followed by potentially 1430 as our second target. On the other hand, XAUUSD may be going back to test 1300-1310 potentially as a healthy retracement as this has been the strong support XAUUSD found since the beginning of 2018.
We will monitor the movement of XAUUSD and provide you with our regular update until we see XAUUSD hit one of our forecasted targets.
Good trading
NinjaSingapore
19 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Will there be any short-covering on DAX? Let's seeHere is our forecasting report on German DAX in video format on 6 February 2018. Enjoy.
Good trading
NinjaSingapore
6 February 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
HSI is crashing, isn't it? How much more can it drop?Here is our forecasting report for HangSeng Index (HSI) on 6 February 2018. Enjoy.
Good trading
NinjaSingapore
6 February 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Dow Jones dropped More Than 600 Points in Two Days. What's Next?Here is our forecasting report in the video format on Dow Jones Industrial Average on 31 Jan 2018. Please enjoy.
Good trading
NinjaSingapore
31 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Is this the end of XRPUSD? Well, let's seeHere is our forecasting report in video format on XRPUSD. Enjoy.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Does XAGUSD move in tandem with XAUUSD? May be or maybe not?XAGUSD is another interesting chart we are interested in reviewing this week. The question is whether XAGUSD moves in tandem with XAUUSG. It's worth noting that sometimes they are and sometimes they are not. Here's why.
From a technical outlook, XAGUSD is facing a very strong resistance at 17.35 - 17.70 area where XAGUSD found its swing highs on 16 Oct 2017 and 17 November 2017 previously. Therefore, we are watching the chart very closely to see if the price will break above this resistance level or it will turn into a triple top formation. In the case of a potential triple top formation, we forecast that XAG USD will potentially test these support areas - 16.30- 16.70. If these levels do not provide the necessary support, XAGUSD may potentially go back to test the recent swing low at 15.60 on 12 December 2017.
We will monitor this instrument closely and will provide you with regular updates.
Good trading
NinjaSingapore
19 January 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
CADJPY is coming down very fiercely. But what's next move?Here is our forecasting video on the possible support and resistance levels of CADJPY on 30 Jan 2018.
Good trading
NinjaSingapore
30 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Will BTCUSD (BitCoin) go all the way to $3,500? Here is our forecasting report on BTCUSD (BitCoins) for 2 February 2018. Based on our forecasting techniques, it would appear that USD3,500 is possible for Bitcoin. Will it happen? Let's monitor this very closely.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
What's the next move on German DAX?Here is our forecasting report in video format on German DAX for 2 Feb 2018. Enjoy.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
When will USDCAD's downtrend be over? Maybe soon ....USDCAD has benefited from the weakness in USD and since 19 December 2017, it has been in a downtrend starting from the high of 1.2920 and in 5 weeks, this pair has moved approximately 600 pips.
Investors like you may be wondering this pair's movement in the following week. From a technical outlook, you would agree that it has a downward bias. Having said that, we are interested in looking at when this downward bias will come to a pause.
Based on our forecast, if the bearish momentum continues, we could potentially see this pair reach the first support level of 1.2250, and if this level cannot provide the necessary support, we are also watching 1.2160 as the second support level, followed by 1.2060 which the third support level. If this pair reacts at 1.2250 and starts to rebound, then we could potentially see this pair to test 1.2420-60 area as our first level of resistance, and if this pair takes out this first resistance level, we will also be watching the second resistance level at 1.2520.
We will monitor the price movement of this pair and provide the necessary update accordingly.
Good trading
NinjaSingapore
27 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
We made 300 pips of profits on GBPNZD ... What's next move?One thing we are proud of ourselves is that we only forecast and do not predict where the market is going. This enables us to be objective and remove the distraction and noise from gossips, Trump news and also other fundamentals. We are not saying that they don't work. Some traders and investors will find these useful and relevant. However, this is just not part of our forecasting techniques which is purely based on the open, high, low, and close of the bars. That's it.
GBPNZD made a 300-point move on 24 Jan 2018 and made a recent high at 1.9462 on 25 Jan 2018. It closed at 1.9233 this week. It seems volatile and we would like to know what's it next move?
From a technical outlook, this cross made a nice near-term uptrend since the recent low of 1.8614 on 12 Jan 2018 before reaching the recent high of 1.9462 on 25 Jan 2018. Over the last few days, we observed that there is a swing high.
So, based on our forecast, if this bullish momentum continues despite the price movement on 26 Jan 2018, we could potentially see this cross test 1.9570 as our first level of resistance, followed by 1.9700 as our next level of resistance. On the other hand, should there be any change of the directional bias on this cross, we could potentially see it retrace to 1.9140 as our first level support, and if this level cannot provide the necessary support, this cross could potentially be retraced to 1.9040 and 1.8940 as our second and third levels of support.
We will watch this cross closely and provide the necessary update as and when it is appropriate.
Good trading
NinjaSingapore
27 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Will GBPUSD test 1.4800? Let's seeGBPUSD has not been traded above 1.4000 level since the announcement of BrExit in June 2016. Due to the recent weakness in USD, we see GBPUSD come back to 1.4000 level this week and in fact, it traded as high as 1.4344 on 25 Jan 2018 before closing for the week at 1.4162.
Investors like you may be wondering this pair's movement in the following week and we have this question in our mind - will GBPUSD be testing 1.4800 at all? From a technical outlook, this pair had been in an uptrend bias since the recent low of 1.3301 on 15 December 2017. In fact, this pair has already moved 800 pips in a matter of less than 6 weeks. Therefore, this pair has a near-term upward directional bias.
Based on our forecast, if the bullish momentum continues, we could potentially see this pair reach our first level of resistance at 1.4460 and if this level cannot act as the resistance, then we could potentially see GBPUSD test 1.4800. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.4000 as our first target level, and if this level cannot provide the necessary support, GBPUSD could potentially be retraced to 1.3900 and 1.3750 as our second and third levels of support respectively.
We will monitor this pair and provide our update as and when it is necessary.
Good trading
NinjaSingapore
27 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
#NZDJPY: Japanese Yen is taking NO prisoners!OANDA:NZDJPY
Observations:
1)NZ$ is overextended
2)BoJ 'fake news' about Kuroda talking about Japan's inflation are not 'fake' 100% things may be picking up.
3)Yields are @#$#Q@%$# serious disconnect between reality and Spot price behavior.
Trading Mantra: "Never risk the house for pennies."
Will GBPUSD test 1.4800? Let's take a look GBPUSD has not been above 1.40 since the announcement of Brexit in June 2016. However, we note that finally this pair has come back to this level and in fact, it has made the high of 1.4344 on 25 Jan 2018 before retracing to 1.4162 on 26 Jan 2018.
Investors like you may be wondering this pair's movement in the following week and we have this question: will GBPUSD test 1.4800? Let's see. From a technical outlook, this pair has been going up since the recent low of 1.33 on 15 December 2017. Therefore, it has a near-term upward directional bias.
Based on our forecast, if the bullish momentum continues, we could potentially see this pair test 1.4460 which is our first resistance level and if this level cannot act as the resistance, then we could potentially see GBPUSD test 1.4800 as our second resistance level. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.4000 as our first target level, and if this level cannot provide the necessary support, GBPUSD could potentially be retraced to 1.3900 and 1.3750 as our second and third levels of support.
We will monitor the price movement of this pair and provide the necessary update accordingly.
Good trading
NinjaSingapore
27 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
EURUSD traded above 1.2300 today. Will it continue to go up?EURSUD has traded above 1.2300 on 17 Jan 2018 and at the time of writing this forecasting report, EURUSD is trading at 1.2240 level.
Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had been in an uptrend since the swing low on 12 December 2017 at 1.1718.
Based on our forecast, if the bullish momentum continues, we could potentially see this pair to test 1.2380 as our first target and if this level is taken out, we could also potentially see this pair to test 1.2500 to 1.2530 level. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.2120 - 1.2160. We will watch this pair very closely and see what the price pattern tells us the next move of EURUSD.
Good trading
NinjaSingapore
17 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
TECENT made an all-time high today. What's next? Tecent (700) is a major component stock in Hang Seng Index (HSI). The index made another new high today and it's interesting to note that Tecent has equally made an all-time high today at $449 since its low at $365.20 on 6 December 2017.
Investors like you may be wondering how high potentially this stock can go. From a technical outlook, this stock has an upward bias. Based on our forecast, if the bullish momentum continues, we could potentially see this stock testing $460 as its first target. If the stock continues its bullish move, then we could potentially see the next target be $520. It may sound crazy honestly but this is purely based on our forecasting methodology. So we are happy to prepare a forecasting report on this stock and we will monitor its move closely.
Good trading
NinjaSingapore
17 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Time to test new support levels and to stock up After the bollinger Bands Squeeze price could have gone either way, but apparently it's going further down. BTC price had been finding support at 50 days MA which it has broken, and now I believe it will test 10k resistance level. Fundamentals hasn't changed so it's only matter of time before it touches new highs!
P.S 10K would be a great entry point!!
BTCUSD made a 2018 new low today. Sell or buy more?BitCoins (BTCUSD) is experiencing a new low in 2018 currently at the time when this forecasting report is being written. In fact, since 17 November 2017 when BTCUSD made an all-time high of 19666, we did not see another higher high. In fact, on 6 Jan 2018, BTCUSD made a lower high of 12735 and the question is whether there will be a new lower low to be formed.
Investors like you may be wondering this is the time to sell everything you have on BTCUSD or buy some more BTCUSD. From a technical outlook, the last low of 11160 on 22 December 2017 is critical and we will be watching this level very closely to see whether a potential double bottom is to be formed.
Based on our forecast, if this level (11160) could not provide any necessary support, we will be watching the next two levels - the first one being 8730 and the next level of support would be 6420. We will provide an update on BTCUSD regularly.
Good trading
NinjaSingapore
16 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
Reversal of AUDJPY noted AUDJPY has caught our attention of a potential reversal pattern after reaching 89.08 on 6 Jan 2018. This pair has been on a strong uptrend in the near-term from the last low at 84.35 on 27 November 2017.
Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the last two candles of this pair are bearish. It seems to suggest that there is a potential retracement to the downside.
Based on our forecast, if the pair continues to retrace, we are watching several levels. The first level will be 88.00 which is an important key psychological level. However, if this level does not provide any support, the pair could potentially 87.30 as the next level of support, followed by 86.70 as the third level of support. We will be watching these levels to determine if the uptrend since 27 November 2017 will resume.
Good trading
NinjaSingapore
9 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.