Crypto Industry News: The recent Firefox vulnerability has been exploited in the attacks on the leading cryptographic exchange and Coinbase portfolio service, according to a published Tweet by Philip Martin, a Coinbase security researcher. As Martin discovered, the critical gap of the so-called zero-day in the Mozilla Firefox browser, which was announced on June 18, […]

Crypto Industry News: The potential reduction in interest rates by the US central bank is clearly one of the reasons for the recent rise of Bitcoin, said Jim Reid, a board member of Deutsche Bank in a TV interview. Reid, the head of global core credit strategy at Deutsche Bank, stated: “If central banks are […]

Technical Overview: The GBP/USD pair has moved lower to test the support at the level of 1.2668 as the market conditions were overbought and bounced a little from the support. The local high was made at the level of 1.2706, but it is not enough for the bulls to continue the move up. Please notice, […]

Technical Overview: The EUR/USD pair has moved down to test the technical support located at the level of 1.1347 due to the overbought market conditions and weaker than before momentum oscillator. There is still a chance for a move up if the support holds but if it will not, then the next support is seen […]

4 hour timeframe The amplitude of the last 5 days (high-low): 67p – 92p – 95p – 37p – 68p. Average amplitude for the last 5 days: 72p (71p). Most of Wednesday, June 26, the EUR / USD currency pair was trading in a narrow price range. However, with the opening of the US trading […]

4 hour timeframe The amplitude of the last 5 days (high-low): 131p – 96p – 104p – 59p – 112p. Average amplitude for the last 5 days: 100p (90p). The British pound sterling on Wednesday, June 26, continued a slight downward movement for most of the day, and only during the American trading session the […]

Less than three months ago, Bitcoin was at $4000. Today it almost hit $14,000. ProService analyst Tony Carrion has been a staunch bull for months. What does Tony think now?
https://bit.ly/2Fy7mGs

Learn How the Wave Principle Can Improve Your Trading

Less than three months ago, Bitcoin was at $4000. Today it almost hit $14,000. ProService analyst Tony Carrion has been a staunch bull for months. What does Tony think now?
https://bit.ly/2Fy7mGs

Learn How the Wave Principle Can Improve Your Trading

As expected and shown by our latest analysis on EURUSD, price was expected to pull back towards 1.1350-1.1330 at least. This is shown by the red rectangle in the following chart. Yesterday and today price touched this target area. Red rectangle – support area EURUSD has entered the red rectangle area which is support and […]

Gold price has pulled back towards $1,400 as expected and noted in our previous posts. The risk reward ratio did not favor bulls and as the RSI was giving bearish divergence signs, we said that we prefer to take profits and stay neutral when price was above $1,430. Blue lines – bearish divergence Green line […]

On May 3rd, the GBPJPY pair initiated the depicted bearish movement channel around 146.45 On March 21st, another visit towards the upper limit of the same channel (141.70) was demonstrated. Since then, the depicted downtrend/channel has been intact until June 4 when the pair failed to achieve a new low below 136.50. This was followed […]

BTC has been trading upwards as I expected. My yesterday’s target at the price of $12.000 has been met and broken. New formation suggests more upside to come and potential test of $13.400. Watch for buying opportunities. Gray rectangle – Resistance broken Orange rectangle- Target projection Both Stochastic and RSI are in the overbought condition […]

BTC has been trading upwards as I expected. My yesterday’s target at the price of $12.000 has been met and broken. New formation suggests more upside to come and potential test of $13.400. Watch for buying opportunities. Gray rectangle – Resistance broken Orange rectangle- Target projection Both Stochastic and RSI are in the overbought condition […]

On April 26, another bullish pullback was initiated towards the price zone of 1.3130-1.3170 (the upper limit of the movement channel) where the depicted bearish Head and Shoulders reversal pattern was demonstrated on the H4 chart with neckline located around 1.2980-1.3020. Bearish breakdown below 1.2980 allowed the recent significant bearish movement to occur towards the […]

On April 26, another bullish pullback was initiated towards the price zone of 1.3130-1.3170 (the upper limit of the movement channel) where the depicted bearish Head and Shoulders reversal pattern was demonstrated on the H4 chart with neckline located around 1.2980-1.3020. Bearish breakdown below 1.2980 allowed the recent significant bearish movement to occur towards the […]

GBP/USD has been trading downwards in past 24 hours but I found potential end of the downward correction and new wave up. Strong support has been seen at the price of 1.2660. Watch for buying opportunities. Gray rectangle – support Yellow rectangle- Resistance Blue rectangle – Resistance Middle red line – 20 EMA The Stochastic […]

GBP/USD has been trading downwards in past 24 hours but I found potential end of the downward correction and new wave up. Strong support has been seen at the price of 1.2660. Watch for buying opportunities. Gray rectangle – support Yellow rectangle- Resistance Blue rectangle – Resistance Middle red line – 20 EMA The Stochastic […]

Gold has been trading lower in past 24 hours. Anyway, I found that there is the potential end of the downward correction and that buyers might establish new buying positions. Support is found at the price of $1.401. Watch for buying opportunities. Gray rectangle – support Second gray rectangle- Support 2 Blue rectangle – Resistance […]

Gold has been trading lower in past 24 hours. Anyway, I found that there is the potential end of the downward correction and that buyers might establish new buying positions. Support is found at the price of $1.401. Watch for buying opportunities. Gray rectangle – support Second gray rectangle- Support 2 Blue rectangle – Resistance […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

Currently, the value of the yellow metal has exceeded the psychologically important level of $1,430 per ounce. According to experts, the precious metal promises a growth extravaganza in the near future. Experts are sure that he has enough resources for further growth, however, they warn investors against a possible short-term correction. In the current situation, […]

Apple’s stock has recovered somewhat in the past weeks but has failed to record a higher high on the daily chart, which keeps the medium-term picture neutral for now. A break above 215.0 would turn the outlook to cautiously positive, while a move below 170.0 would shift it to tentatively negative. Short-term momentum oscillators aren’t […]

ETHUSD skyrocketed towards a new eleven-month high of 346.57 earlier today, holding well above the 20- and 40-simple moving averages (SMAs) in the 4-hour timeframe. Momentum indicators are standing in the positive area in the 4-hour chart with the MACD just above the trigger line and the stochastic oscillator looking overstretched above the 80 level. […]

The cost of oil reached its highest level in almost a month, helped by disruptions in a large refinery on the east coast of the United States and industry data. This shows that oil reserves in the United States declined more than expected. Brent went up by $1.03 per barrel to $66.08 per barrel and […]

Markets are arranged as trends are replaced by consolidations and consolidations give way to new trends. Gold has clearly lagged behind in the $1100-1350 trading range per ounce, hence the exit from it became the logical realization of the nature of the market. Since the beginning of May, the 10% rally of the precious metal […]