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USDJPY Eyes 118.40 As Japan’s Unemployment Falls

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The US Dollar (USD) paused upside movement against the Japanese Yen (JPY) on Friday with the price of USDJPY hovering around 121.00 following the release of some key economic releases. The technical bias remains bearish due to a Lower Low and Lower High in the recent wave on daily chart. Technical Analysis As of this writing, the […]

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Cryptocurrencies Catch a Break

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Cryptocurrencies are getting some breathing room after the relentless selling seen in the past 10 days. Since reaching new multi-month lows on Tuesday, bitcoin is trading higher by $31 dollars or 16 percent. Namecoin rose by over 5 cents, above 16 percent, from its lows. Peercoin is also trading higher but by only 9 percent. […]

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GBPUSD Falls More Than 350 Pips In Just Two Days

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China devalued Yuan while Crude fell below $40 a barrel and this what happened with the price of Cable – more than 350 pips fall in just two days.  The GBPUSD hit the low of 1.5451 yesterday following the release of US durable goods report. The technical bias however remains bullish because of a Higher […]

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NZDUSD Crashes To The Lowest Level Since 2009

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The New Zealand Dollar (NZD) fell broadely against the US Dollar (USD) after the release of trade balance report, dragging the NZDUSD to less than even 0.6170, the lowest level since 2009 before retracing most of the losses on Wednesday during Asian session. The technical bias remains extremely bearish due to a Lower Low and […]

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Bitcoin Down 22%, Litecoin Falls by 30 Percent

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Both bitcoin and litecoin entered downtrends last week. Bitcoin took out the important $250 handle, while Litecoin broke below the low of its range at $3.70. Consequently BTC/USD fell by over 22 percent while the losses in LTC/USD exceeded 30 percent. Bitcoin Down by 22 Percent During the last 7 days, everyone’s favorite cryptocurrency fell […]

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Silver Plunges But Ready For A Major Bullish Reversal

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The price of silver extended downside movement on Monday, dragging the white metal’s value to less than even $15.25 following the release of of some key economic events. The short term technical bias however remains bullish due to a Higher High and Higher Low in the recent wave. Technical Analysis As of this writing, the […]

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