Daily Forex Ltd.
Daily Forex Ltd.
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  • Bitcoin did very little during the trading session on Thursday, losing 0.75% as I record this. The market continues to hover around the $6700 level, an area that has been supported in the past. It’s very interesting turn of events, because it was very important back in April, and now that we have broken below that level, it’s likely that the resistance would be an issue. Ultimately, the real “floo...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 has initially tried to rally during the day on Thursday but found enough selling pressure to turn around and reach towards the 2750 level. The candle looks very negative, and we had close towards the bottom of the range, which of course is a very negative sign. The 2725 level underneath looks to be supportive, and most certainly the round figure of 2700 should as well. Otherwise, we co...

Daily Forex Ltd.
Daily Forex Ltd.
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  • The WTI Crude Oil market has been very noisy during the trading session on Thursday, as we continue to see the uptrend line offer support. OPEC is meeting, and it is mulling over the idea of increasing output. That should put a bit of bearish pressure on the marketplace, but at this point it’s very unlikely that the we will make a move until we get a certain amount of clarity from OPEC. If we brea...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The Euro initially fell during trading on Thursday, reaching down towards the 1.15 level. This is an area that I have been talking about for some time, and it has been crucial on longer-term charts. This was resistance that had been effective for a couple of years, so breaking above there is a very strong sign. We have rallied significantly from that point, and now find ourselves testing it again,...

Daily Forex Ltd.
Daily Forex Ltd.
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  • The US dollar initially tried to rally during the day on Thursday but found enough resistance to turn things around and drive down towards the ¥110 level again. This is an area that features a lot of interest, and right now we are currently watching the 50 SMA and 200 SMA Cross on the daily chart. As we are crossing currently, it’s likely that we will see longer-term buyers get interested. I think...

Daily Forex Ltd.
Daily Forex Ltd.
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  • The EUR/USD pair has been very choppy during the trading session on Wednesday as we continue to see a lot of interest near the 1.1550 level. I believe that the support extends down to the 1.15 level underneath, so therefore I think the fact that we could not break down isn’t much of a surprise. At this point, I anticipate that we should see some type of short-term bounce, and then start selling ag...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar has initially pulled back against the Japanese yen but turned around to rally again. It looks as if the market is getting ready to have a “golden cross” form, which is when the 50 SMA crosses over the 200 SMA. The ¥110 level has offered a significant amount of support, and I think that the market will continue to try to grind to the upside. This will be especially true if the trade t...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil market rallied a bit during the trading session on Wednesday, gaining 1.6% as I record this. However, we are still in a very tight consolidation phase, and quite frankly that’s not a surprise as we have the OPEC meetings coming up over the next couple of days. The uptrend line underneath continues to offer support and should unless of course we get some other signal out of OPEC t...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 initially dipped a bit during the trading session on Wednesday but found enough bullish pressure to turn around and it rally again. This coincides nicely with the hammer from the previous session, and it shows the resiliency that we have in this market. Overall, I think that the market will try to go to the 2800 level above, and perhaps even break above there. If it does, that’s obviou...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin continues to be very noisy overall, and during the day on Wednesday it hung around the $6750 level. The market has an obvious support level underneath at the $6000 level, so if we were to turn around and break down through that level, it would be very negative indeed. However, I think at this point it’s likely that we will continue to see a little bit of support in this area, so I think wh...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 has initially fallen during the trading session due to the Chinese tariffs, and the knee-jerk reaction of course continues to be something that people are concerned about. I think that the escalation of trade tariffs continues to have people nervous, but as you can see we have formed a massive hammer and that hammer of course is a very bullish sign and means that we will probably conti...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil markets have been noisy during the trading session again on Tuesday, as we have tried to wipeout the gains from the Monday session. We are currently consolidating and walking along the uptrend line, and I think that should continue to be the case as we await the results of the OPEC meetings at the end of the week. It becomes obvious when looking at this chart through the prism of...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin markets initially tried to rally during the trading session on Tuesday, but failed to keep the gains, turning around to form a shooting star. The $6800 level has offered a bit of resistance, and it looks as if the market is trying to avoid the $7000 altogether. By forming a shooting star, that is a very negative sign, and could bring in fresh selling as it shows signs of exhaustion at the ...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The Euro fell during much of the session on Tuesday, as global concerns continue to elevate after the United States has slapped more trade tariffs against China, and of course the Euro is especially susceptible to the noise coming out of the German political sphere. Uncertainty is almost always negative for currency, and as people are beginning to question whether Angela Markel will be around, tha...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar initially fell against the Japanese yen as it was announced that there were an additional $200 billion of tariffs being planned against the Chinese by the Americans. However, we turned around to form a bullish candle, right at the dissection of the 50 day SMA and the 200 day SMA. That would make for a “golden cross” on the chart and could send longer-term buyers into the market as we...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 has fallen during most of the session on Monday to start out the week but ended up finding enough support underneath the turn around and form a nice-looking hammer. The hammer of course is a positive sign, and it shows that there is still plenty of buyers for this market underneath, so it appears that the 2750 level is going to continue to offer a bit of a floor in the market. Obviousl...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil market initially dropped at the open on Monday but turned around to shoot straight up in the air. We gained 2.65% by the time the futures markets closed, but we are still below the massive selloff that started on Friday. It is because of this that I think the market is still very likely to be choppy as we await the results of the Friday meeting of the OPEC ministers. This could l...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin rallied a bit during the trading session on Monday as traders came back to work, gaining almost 5%. That’s a very positive turn of events but when you zoom out look at the daily chart, you can see that although impressive for the day, in the big scheme of things it is but a blip. The $8000 level above is what I would consider to be the short term “ceiling” in the market, which coincides ni...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar has rallied slightly during trading on Monday as the world awaits several central bank meetings this week, and of course the results of the tit-for-tat tariffs that keep continuing to be headlines coming out of both Beijing and Washington. When looking at the technical indicators, the 200 day moving average, pictured in black on the chart, is ready to be crossed by the 50 day moving ...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The EUR/USD pair has been slightly positive during the trading session on Monday, as we continue to go back and forth around the 1.16 handle. The market sold off rather drastically last week, and now I think we are trying to catch her breath to see where we go next. The 1.15 level underneath is massive support, and I think it will continue to offer a lot of potential buying pressure. However, if w...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 fell significantly during the trading session on Friday but did find enough momentum to turn things around and form a hammer. The hammer of course is a bullish sign, but I see a significant amount of resistance above at the 2800 level. If we can break above that level, obviously that is a very good sign. There are a lot of fears when it comes to global trade right now, so it makes sens...

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