After the last couple of weeks’ surging bulls, this week has been so far, a drab affair, relatively speaking ,with the 50% resistance zone proving to be much stronger than I had expected, although if we’re to zoom into the four hour time frame, there are some technical nuggets to be found. Over the weekend, I posted the […]
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We’re going to open this week with a discussion of one aspect of market psychology that we hope you’ll find interesting.We believe it’s worthy of discussion because it happens often enough to be chartable, and, to a fairly great degree, its outcome is also predictable.It’s quite simply the phenomenon of the sideways moving market.Time Frames and Market Patterns We should be […]
Trying to predict price trends by studying charts is a popular investment technique. In fact, technical analysis is probably the most common form of securities selection because anyone can do it without much training. Predicting that prices will rise because they have been rising is an easy decision. Avoiding securities that have trended down is […]
Since my last analysis on Bitcoin last week, the resistance I spoke about has been broken with aplomb, and it seems we could see a further rise to around 725 fairly soon, with some very strong bullish technicals on show. Last week we posted the following chart (click to expand): Where I highlighted in a blue ellipse some […]
Bitcoin Trading (BTC/USD) Technical Analysis, June 1: An 11-week high By Leon Pick on June 1, 2014 in Trading BTC/USD is trading at its highest level since mid-March. At that time, Bitcoin was caught in an unsettled period sandwiched between the MtGox collapse and the latest round of crackdowns in China. With those events receding in the rear-view mirror, the […]
Gold Prediction using Statistics & Technical AnalysisPosted by David Morgan on May 31, 2014 · Leave a Comment Here is my gold prediction (silver and gold mining stocks, should be the same) looking forward 24 months.Since the top in gold in 2011 gold has selling off. Depending on how you analyze the market, this 3 year sell off could […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe gold markets try to fall during the session on Thursday, breaking down below the $1260 level again. However, we did find enough support below in order to push the market back up, which formed a hammer. That hammer suggests that we are in fact […]
As I predicted over the weekend, Bitcoin is struggling to rise above a confluence of resistance zones represented by two key Fibonacci retracement levels on different timeframes. If you recall, during my previous BTC/USD analysis, I posted the following two charts (Weekly and Daily timeframe respectively): Where I mentioned. “Price has hit some resistance, marked by […]
Morning technical analysis – 28 May 2014May 28, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look weak against the dollar in the medium term having recently broken below the neckline of the double top. However, before we see any further sell-off, we may see a bit of a correction in the pair, with the neckline potentially […]
