Turkish lira technical analysis update The Turkish lira weakened to a record low of 3.9789 against the dollar today, extending losses driven by concerns about Ankara’s strained relations with the United States, inflation risks and monetary policy uncertainty. My scenario as you probably know and I said more than once that the trend is still in place and we expect…
Bitcoin Price Technical analysis forecast update Bitcoin price drops almost 25% since last week record, Market action traders saw bitcoin markets plummet over 25 percent in value to a low in the $5800 range. When markets in Japan and South Korea opened, the price rebounded a touch coming close to capturing $7800K, but traders failed to reach that point. During…
Dow Jones markets forecast update Notice the oscillators’ movement in the chartcomes to a high area that might call for a price correction – a French example of a move that took place when the oscillator reached the area, The last time it happened the index performed a correction, and maybe this time tooI will not be surprised if the…
Brent oil price technical analysis forecast Crude oil prices climbed above 53 $ late last month, a bullish signal, also Brent traded above 62$ and reaching to major resistanceJust a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC’s production cuts drew down the global oil oversupply slower than initially expected, and rising U.S.…
Turkish lira price forecast technical analysis update The Turkish lira is weakening again against the dollar again over 3.76, after last week it has already touched 3.88 Today there was some majors announced: Turkish Central Bank takes a step to provide liquidity, The Central Bank on Monday lowered the upper limit for forex maintenance facility, a move that will provide…
Financial markets upcoming moves forecast update In the previous post on the markets, I talked about the monster marketsI am covering those moves since 17,800 points on the dowjones+_ apx and suggest here the upcoming future move – The forecast materialized markets forecast It seems that nothing will stop the machine, no threats from the north and south No crises…
New Zealand technical analysis forecast A big drama in New Zealand after the elections ended without a clear winner:New Zealand’s political parties on Thursday reached an agreement on the establishment of a center-left government led by Labor Party leader Gecinda Ardren, 37. In the September elections, the New Zealand National Party, led by conservative Bill English, the current prime minister,…
GBP/USD TECHNICAL ANALYSIS UPDATE busy week for the British pound: inflation, employment, and sales dataWill the Brexit divorce talks be judged to have reached the point at which discussions on future trading arrangements with European Council can begin? It looks unlikely but investors will nevertheless be paying close attention to the meeting of the EU’s leaders on Thursday and Friday…
Is The Bitcoin going to crash same as Chinese stock bubble at 2007 ? Chinese stock bubble of 2007 wiped out hundreds of billions of market value Chinese shares have tumbled more than 8% in one day in November 2007 Major indexes had their largest one-day drop ever Shanghai Composite Index lost 8.5%, to 3,725.56 points. Stocks fell across the…