Technical Analysis
Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefore needs no special consideration. The main tool by which to analyse the forex market is forex charts.
EURUSD Shifts Bullish; GBPUSD Just Stays Bearish
The EURUSD and GBPUSD currency pairs have rebounded in early June, with the intermediate-term outlook for the EURUSD FX shifting to bullish, whilst…
AUDUSD Aims Lower as NZDUSD Clings to Support
AUDUSD and NZDUSD currency pairs are exhibiting a mixed tone in both the short- and intermediate-term outlooks The AUDUSD Forex has established an…
AUDUSD and NZDUSD Bear Trends Questioned
We last looked at the AUDUSD and NZDUSD currency pairs here on 20 th May highlighting intermediate-term bear trends. The rebounds seen in…
USDJPY Stays Bearish Whilst USDCAD Shifts to a Bear Trend
Ongoing US Dollar weakness continues to impact on both the USDJPY USDCAD Forex rates. The May “risk off” phase has extended into…
Bitcoin Price Rejected Above $9k
It looks like the old days of violent rollercoaster-like price action are back. Having hovered below $9k after defending some key support levels…
USDJPY and USDCAD Both Aim Higher Short-Term
The US Dollar has broadly stayed strong during May against the major global currencies (and also Emerging Markets currencies) with a “risk off”…
Hourly Chart Predicts Another BTC Price Pullback
The bitcoin price has been on a bit of a range-bound rollercoaster ride lately again. Having recorded some massive gains over the last…
Bitcoin Price Explodes – $8.2k Surpassed
Over the last few days, the tentative bitcoin price rally of the “crypto spring” has turned into a headlong moon-rush. Sparked against the…
Equities Vulnerable and USDJPY Bear Shift
A global shift to a risk off phase in May has been highlighted by the weakness across equity markets and indices in the…
AUDUSD and NZDUSD Bear Trends Extend, Aiming Still Lower
When we last looked at AUDUSD and NZDUSD FX rates back on 29th April here we highlighted ongoing intermediate-term bear themes. Since this…
Bitcoin Price – Are We in a Bull Market?
The price of the top crypto has embarked on a massive and sustained bull run over the last few days. Its rise to…
Bitcoin Bulls Suffer Blow Thanks to Bitfinex and its Tether Machinations
Not even a week ago, Bitcoin bulls were flexing their muscles around the $5.6k mark. With scores of short- and long-term technical indicators…
BTC Breakout Attempt Falls Short, Long-term Bullish Picture Intact
Over the last 24 hours, the price of bitcoin scaled the $5.3k mark for the second time in two weeks. Despite the apparently…
Bitcoin Dips, Bulls Dig in Heels at $5k
Over the last 24 hours, Bitcoin bulls took a major hit and have been forced into a defensive stance. The price of the…
Bitcoin Price Breaks through 3 MAs, Retraces
The last couple of days saw the price of the top cryptocurrency break free of the grip of the bears – perhaps for…
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