11 Mar 2019 @ 10:16
A summary of the weekly Commitment of Traders Report (COTS) from CFTC to show market positioning. Among FX majors, JPY saw the largest weekly change as bears increased their net short exposure by 11.7k contracts. Volume changes were fairly-light elsewhere for FX majors (all below 10k). 84% of large speculators are long on DXY (US […]
10 Mar 2019 @ 15:03
ETHUSD Long-term Trend – Ranging • Distribution territories: $180, $200, $220 • Accumulation territories: $100, $80, $60 Ethereum’s price is seeing various ups and downs, as it has been doing in the last few weeks. The cryptocurrency is trading between the $140 and $120 zones. On March 5, it managed to move up […]
08 Mar 2019 @ 08:43
EUR/USD is licking its wounds near its 21-month low ahead of today’s NFP report, and were closely watching today’s close at it could be the difference between a breakout or a fakeout. City Index: Spread Betting, CFD and Forex Trading on 12,000+ global markets including Indices, Shares, Forex and Bitcoin.Click here to find out more..
08 Mar 2019 @ 08:42
Since breaking higher, Copper is forming a potential continuation flag above support whilst Antofagasta is trying to take the lead. So, we’re keeping a close eye on these two markets to see if either extends their rally. City Index: Spread Betting, CFD and Forex Trading on 12,000+ global markets including Indices, Shares, Forex and Bitcoin.Click […]
07 Mar 2019 @ 18:13
XRPUSD Medium-term Trend: Bearish • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26 XRP’s price has been range-bound between the $0.28 and $0.34 levels. On January 10, the bears broke the support on the lower end, and today the support has turned into a resistance, unbroken since January 10. […]
06 Mar 2019 @ 10:17
Gold’s decline since its multi-month high has not gone unnoticed, yet there are indications that mean reversion could soon be on the horizon. Since August’s low, gold had gained increasingly bullish attention which saw it trade nicely within a tight bullish channel. That is, of course, until a bearish pinbar marked its high before rolling […]
06 Mar 2019 @ 10:15
The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of 3%. AUD sold off mostly against JPY, USD and EUR to see AUD/JPY as today’s biggest mover with an intraday loss […]
04 Mar 2019 @ 17:54
BTCUSD Long-term Trend – Ranging • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500 Bitcoin’s price has recently gone up over the $4,000 mark, on February 23. On February 24, the cryptocurrency dropped below said point, and then kept on moving along its 14-day SMA trendline until now. Bitcoin’s […]
28 Feb 2019 @ 16:02
XRPUSD Medium-term Trend: Bearish • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26 XRP’s price was in a bearish trend yesterday. On February 25, the crypto’s price faced a downward correction to a $0.32 low, after facing resistance at $0.34. On February 27, the bulls took over for several […]
26 Feb 2019 @ 11:56
If you’ve decided you want to start trading foreign exchange (forex) then you need to find a broker. (There is a list on our Broker Listing page.) Here are some tips on how to go about selecting the broker that will be right for you. 1. Make a Wish List You need to know […]