Litecoin is struggling to push below 11.1, for a number of reasons. 1) Examining the LTC/USD on the thirty minute chart: Then performing our Fibonacci study from the low of the 7th till its high, reveals a key Fibonacci level, in this case the 161.8% extension at 11.1. Price has tested this line a few times over […]
Source: ThinkstockBuying out of favor stocks is one of the most difficult things to do. Often, when stocks fall dramatically, it does so for valid reasons. Furthermore, the lower they sink, the worse the news seems to get. Nevertheless, if you trust your ability to analyze companies then one of the best pieces of advice you can follow is to […]
Litecoin vs Bitcoin has just produced a double top chart pattern, so any gains experienced over the weekend may come tumbling down over the next day or two. Let’s take a closer look at the LTC/BTC chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from the low of the past fortnight at 0.026, […]
Forex: USD trading mixed Source: BloombergThe USD is trading mixed against its major counterparts. Data released indicated that US economy grew at a level below market expectations in the fourth quarter of 2013, though it expanded more than previously estimated. Additionally, pending home sales in the US dropped unexpectedly in February, sparking concerns over the US housing sector. However, better […]
Last analysis of AAPL on 4th March, expected more downwards movement in a three wave structure. Price has moved sideways. This is wave B of the three wave structure.Within the bigger picture this wave count sees AAPL in a super cycle zigzag correction which is just over two thirds completed.Within the zigzag cycle wave b ended at 571.88 with a […]
As I discussed in my analysis last week, Namecoin vs Bitcoin had been pretty much static for a number of hours, as there was a support line which was offering some hindrance. Indeed, that support held strong for the following few days, as it was also a psychological number, but, as I explained, price was always likely to […]
The DAX index has clearly broken out of its upward channel (purple lines) on a daily time frame. However, after a little correction we can see that the price has bounced back up from the 61.8% retracement level of Fibonacci. This is an important signal because this represents the strength for the overall bull trend.The RSI has turned lower near […]
The EUR/USD bounced from its upward line on a 30 minute time frame. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance, because this could reverse […]
So far the overnight session has been a replica of yesterday, with the all important carry trade once again fizzling overnight during Japan trading hours, and dipping as low at 101.60 before staging a modest rebound to the 101.8 level. We expect the “invisible” 102.000 USDJPY tractor beam to be again engaged shortly and provide market support and/or levitate stocks […]
Stocks are expected to end this year only modestly higher after last year’s 30% gains, prompting investors to hunt for growth. One way to find it is by learning how to trade penny stocks. Defined as stocks that trade under $5 a share, penny stocks have gotten a bad rap thanks to scams and […]
