Dear Reader,Did the US stock market correction(I forecast a fall of more than 20%) start this week? It is possible. I expect a fall of circa 30% for the major indices in 2015 or 2016 at the latest. Tech and biotech stocks should decline more than 30%. Energy and metals and mining stocks should also post large losses. Financials seem […]
Bitcoin Trading- BTC/USD Technical Analysis, Aug 31: Bitcoin hanging on amid abnormal volume By Leon Pick on August 31, 2014 in Trading Some abnormally high bitcoin (BTC) trading volume on BTC-e has some traders wondering what will happen next. Over 35,000 BTC ($17 million) has been traded in the past 6 hours, by far exceeding the roughly 18,000 traded during […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDThe EUR/USD overcame early session weakness and is now in a position to post a potentially bullish closing price reversal bottom on the daily chart.The short-covering began when the selling pressure dried up when the market traded 1.3152. The market accelerated to […]
Weekly Forex Technical Analysis (Aug 25 — Aug 29)August 23, 2014EUR/USDFloor pivot points3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
1.2994
1.3107
1.3173
1.3286
1.3351
1.3464
1.3530
Woodie’s pivot points2nd Sup
1st Sup
Pivot
1st Res
2nd Res
1.3095
1.3149
1.3274
1.3327
1.3452
Camarilla pivot points4th Sup
3rd Sup
2nd Sup
1st Sup
1st Res
2nd Res
3rd Res
4th Res
1.3140
1.3189
1.3205
1.3222
1.3254
1.3271
1.3287
1.3336
Tom Demark’s pivot pointsSupport
Resistance
1.3140
1.3318
Fibonacci retracement levels0.0%
23.6%
38.2%
50.0%
61.8%
100.0%
1.3220
1.3263
1.3289
1.3310
1.3331
1.3399
GBP/USDFloor pivot points3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
1.6329
1.6445
1.6505
1.6621
1.6681
1.6797
1.6857
Woodie’s pivot points2nd Sup
1st Sup
Pivot
1st Res
2nd Res
1.6431
1.6477
1.6607
1.6653
1.6783
Camarilla pivot points4th Sup
3rd Sup
2nd Sup
1st Sup
1st […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe EUR/USD pair broke down during the course of the day on Friday, did bounce a little bit just above the 1.32 level. We believe that this market continues to sell off, but you should use short-term charts in order to find of selling opportunities. 1.33 […]
Bitcoin Trading- BTC/USD Technical Analysis, Aug 21: Will the rally continue?
By Leon Pick on August 21, 2014 in Trading
In short, it’s a tough call. There are factors pointing in both directions. BTC/USD is coming off a rise of 10% within 24h and a 67% recovery from its flash crash to $309 on BTC-e. The question is if the rally is slowing […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe EUR/USD pair fell hard during the course of the day on Tuesday, but did not break down below the 1.33 handle, an area that we need to see violated to the downside in order to start selling. At that point in time, we would be […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe AUD/USD weakened to a two-month low on Friday after the Reserve Bank of Australia released its economic outlook. Although the RBA’s main concern is about the high dollar, traders decided to focus on rising geopolitical tensions that drove global investors from high-yielding assets and into […]
Litecoin Technical Analysis (LTC/USD): Litecoin coming dangerously close to $7, loses ground to BTC
By Leon Pick on August 6, 2014 in Trading
Litecoin has quietly resumed its slide and is now in danger of crossing over the psychologically significant $7 barrier.
LTC/USD is currently trading at $7.14 on BTC-e, sliding as low as $7.05. After a volatile weekend, LTC appeared to be […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDThe EUR/USD is under pressure at the mid-session. The main trend is down on the daily chart so the weakness isn’t a complete surprise.Despite the solid one-day rally on Friday which was triggered by short-covering rather than new buying, the market has […]
