Markets analysis forecast Last week we saw strong movements in the indices, starting with ascending move at the beginning of the week, which intensified on last Monday when the Dow Jones reached 25400 points. However, since that day the index reversed and returned to the downside.This trading week start with big declines, with sharp movements of about 1,000 points from…
Bitcoin broke down 7000 $ last weekend, what next? As told you a long time ago my exception for the bitcoin Is The Bitcoin going to crash same as Chinese stock bubble at 2007 Shortly: ““Chinese stock bubble of 2007 wiped out hundreds of billions of market valueChinese shares have tumbled more than 8% in one day in November 2007Major indexes had…
oil prices analysis forecast as I wrote two weeks ago: Have we seen the peak oil prices for the next few years? meanwhile, it was the top, since this move we got yesterday lows at 64.18 price levelswhat the next move crude oil analysis crude oil technical analysis64.18 was the low of yesterday and came out a correction according to the forecast now…
GBP USD TECHNICAL ANALYSIS Long-term chart is showing to us that As long as GBP USD will stay above 1.360+_ Key support the trend is up – it’s not the case right now!Below 1.3170 price area, it could bring larger down trend resumption, while we have first to meet 1.3080. On the downside, break of 1.2840 support will indicate short-term…
Turkish Lira Analysis last week we saw an audiovisual show of the Turkish Lira, I told you that day that It was probably the day of change …. and I was right The Turkish Lira has made an incredible move of almost a penny in one month, reached a level of 4.93 against the dollar – almost touched a rate…
USD/JPY Technical Analysis Although the jpy succeeded in crossing the hurdle of 110.30 to the dollar and even reached the level of 111.34… And this big but closed the trading week below 110 levelNow the situation is not certain and we may have seen a false breakthrough hereIf U.S.-China trade negotiations or U.S.-North Korea peace talks cancellations/ develop in a…
oil prices analysis last week we saw crude oil made some kamikaze moves from record levels of 72.80 at the beginning of the week and closing the week on 67.24 $ – more than 5% move ( its a lot )Heavy volumes of over 700,000 contracts for July WTI crude its massive daily range of $3.31 between high to lowThe bearish action accrues due…
Turkish Lira Analysis Yesterday we saw an audiovisual show of the Turkish Lira, It was probably the day of change ….Such a gesture suggests something big – 20% weaker in a month – does not seem like thatThe Turkish Lira has made an incredible move of almost a penny in one monthYesterday the Turkish lira broke all records of all…
Financial markets and currencies show nervousness… Get ready for something big in the marketsFX is very nervousThe movements we see are movements of something big beneath the surfacethe dollar made a big move on most of the pairsSome broke low and some did notGet ready for repair – a probability of over 70% that it will start todayI’ll update and…