BTCUSD is approaching its resistance where we are expecting a drop Sell below 7745. Stop loss at 7941. Take profit at 7036. Reason for the trading strategy (fundamentally): The enactment of Israel’s cryptocurrency regulations, originally scheduled for this Friday, has been delayed until October. Following last week’s publishing of a draft law pertaining to money...
Sell below 0.9848. Stop loss 0.9893. Take profit at 0.9731. Reason for the trading strategy (technically): USDCHF broke out of our short term ascending support line and is testing our first support at 0.9848 (horizontal overlap support, 23.6% Fibonacci retracement) where we expect price to breakout and drop to our major support at 0.9731 (horizontal swing low...
Buy above 1.0818. Stop loss at 1.0746. Take profit at 1.0940. Reason for the trading strategy (technically): AUDNZD bounced nicely off its support at 1.0818 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where we expect price to rise to its resistance at 1.0940 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal...
Sell below 7745. Stop loss at 8194. Take profit at 7052. Reason for the trading strategy (technically): BTCUSD is being held down by a long- term descending resistance line where we look to sell on strength at 7745 (100% Fibonacci extension, 100% Fibonacci extension, 23.6% Fibonacci retracement). We expect price to push down to its support at 7052 (horizontal...
Sell below 0.8787. Stop loss 0.8830. Take profit at 0.8724. Reason for the trading strategy (technically): EURGBP tested its major resistance at 0.8787 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, 100% Fibonacci extension, descending resistance line) where we expect to see price fall to its support at 0.8699 (horizontal swing low support). We do...
BTCUSD is approaching its resistance where we are expecting a breakout Buy above 7788. Stop loss at 7608. Take profit at 8508. Reason for the trading strategy (fundamentally): South African investment management firm, Sygnia, has announced that it plans to launch a cryptocurrency exchange by Q4, 2018. Sygnia Ltd. currently manages ZAR 184 billion (approximately...
GBPJPY is approaching support where we expect a bounce. Buy above 143.08. Stop loss 141.21. Take profit at 146.20. Reason for the trading strategy (technically): GBPJPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where we expect price to bounce above this level to our resistance at...
Sell below 0.7610. Stop loss 0.7679. Take profit at 0.7480. Reason for the trading strategy (technically): CADCHF is testing its resistance at 0.7610 (horizontal pullback resistance, 23.6% Fibonacci retracement) where we expect price to drop to its major support at 0.7480 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension)....
BTCUSD is testing resistance where we expect a further drop. Sell below 7174. Stop loss at 7472. Take profit at 6629. Reason for the trading strategy (fundamentally): South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using...
EURAUD is approaching resistance where we can expect a strong drop. Sell below 1.5502. Stop loss 1.5621. Take profit at 1.5270. Reason for the trading strategy (technically): EURAUD is approaching its resistance at 1.5502 (horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect price to drop to its major support at 1.5270 (horizontal swing...
EURGBP is approaching resistance where we expect a strong drop below this level. Sell below 0.8740. Stop loss 0.8752. Take profit at 0.8718. Reason for the trading strategy (technically): EURGBP is approaching our resistance at 0.8740 (Horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect price to drop below this level to our major support...
NZDJPY is approaching resistance, watch for a breakout! Buy above 76.06. Stop loss 75.76. Take profit at 76.69. Reason for the trading strategy (technically): NZDJPY is approaching our resistance at 76.06 (Horizontal overlap resistance) where we expect a breakout above this level to our resistance at 76.69 (horizontal swing high resistance, 61.8% Fibonacci...
BTCUSD is approaching its support where we expect a bounce above this level. Buy above 7213. Stop loss at 6986. Take profit at 7922. Reason for the trading strategy (fundamentally): This week, a number of companies listed on the Tokyo Stock Exchange revealed their plans to enter the crypto exchange business for the first time. They include one of the most...
USDCAD is approaching resistance where we can expect a strong drop. Sell below 1.2986. Stop loss 1.3021. Take profit at 1.2896. Reason for the trading strategy (technically): USDCAD is approaching its resistance at 1.2986 (horizontal swing high resistance, 786% Fibonacci retracement, 100% Fibonacci extension) we expect price to drop to its major support at...
USDCAD is approaching resistance where we are expecting a drop. Sell below 1.2929. Stop loss 1.2979. Take profit at 1.2825. Reason for the trading strategy (technically): USDCAD is approaching our resistance at 1.2929 (Horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci retracement) where we expect a drop below this level to our...
XAUUSD is testing resistance where we can expect a strong drop. Sell below 1303.25. Stop loss 1310.66. Take profit at 1282.11. Reason for the trading strategy (technically): XAUUSD is approaching its resistance at 1303.25 (horizontal pullback resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) which coincides with its short term descending...
BTCUSD is approaching its support where we expect a bounce above this level. Buy above 7492. Stop loss at 7190. Take profit at 8641. Reason for the trading strategy (fundamentally): Multiple regional news outlets and individuals on social media have reported that the Zimbabwe High Court has lifted the RBZ ban against cryptocurrency activities taking place within...
USDCAD is testing resistance where we are expecting a drop. Sell below 1.2908. Stop loss 1.2944. Take profit at 1.2760. Reason for the trading strategy (technically): USDCAD is testing our resistance at 1.2908 (Horizontal swing high resistance, 61.8% Fibonacci retracement) where we expect a drop below this level to our support at 1.2760 (horizontal swing low...