Over the past twenty four hours Namecoin has been struggling to move beyond a certain resistance zone, and I can’t see it succeeding any time soon. Let’s take a closer look at the latest NMC/USD H4 chart below: I’ve performed the Fibonacci study from the high of the month on the 1st, until the low of the month […]
LTC/BTC Technical Analysis – 29th April 2014 By Ashton Fraser on April 29, 2014 in Trading Since the 24th, Litecoin vs Bitcoin has been falling like a leaf, from a high of 0.0257, reaching a two week low of 0.0229. The move down was consistent, but there is good reason to believe the latest support can help drive some […]
The Nasdaq-100 (INDEXNASDAQ:NDX) continues to build out a medium-term Head & Shoulders Top pattern that began developing during December 2013′s Santa Claus rally. Aside from noting the dark irony of how that stupefyingly bullish phenomenon has been appropriated by a much larger bearish pattern, know from the start the H&S Top remains a potential pattern only, albeit with a clean […]
The Nasdaq-100 (INDEXNASDAQ:NDX) continues to build out a medium-term Head & Shoulders Top pattern that began developing during December 2013′s Santa Claus rally. Aside from noting the dark irony of how that stupefyingly bullish phenomenon has been appropriated by a much larger bearish pattern, know from the start the H&S Top remains a potential pattern only, albeit with a clean […]
Daily technical analysis – 28 April 2014April 28, 2014 by Craig Erlam in Technical analysisEURUSDFollowing two weeks of sideways trading in this pair, the euro has finally broken higher against the dollar and closed above the 1.3850 resistance on the 4-hour chart. This could now prompt the next bullish move in the pair, although in the short term, we could […]
Namecoin falls down to 2.1, before rising back up to 2.2, but are we about to see another test of 2.1? It certainly looks like it. If you remember during my previous NMC/USD analysis, I posted this chart below: Where I explained, “…extreme spinning tops, possessing long upper and lower wicks – this tells me the bulls […]
Namecoin fell from a high of 2.500 till 2.33 this morning, although we’ve seen a significant retrace in recent hours. I’ve performed the Fibonacci study from the year low at 1.34 until the month high at 3.35. Remember in my previous couple of Namecoin analyses, I mentioned “the bears will very likely push price down again – […]
Namecoin continues to hover around 2.5 this week, carrying on from last week, although we could see some bears pick up momentum fairly soon. Let’s remind ourselves of what happened last week on NMC/USD, since it’s imperative we have this in mind for our current analysis. I’m pasting here the Fibonacci extension study from last week (click to expand): […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereJune E-mini S&P 500 Index futures are trading slightly better in the pre-market session. Traders failed to take out last week’s high at 1863.75, indicating trader indecision.The main trend is down on the daily chart, but taking out the swing top at 1867.50 will turn […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe AUD/USD is called slightly better after the bank holiday on Friday. Traders continue to be a corrective mode after the recent sharp rise. Since the Forex pair is down 7 days from the top, traders should start to watch for a closing price reversal […]
