Good morning Traders! This week is expected to be quite busy with plenty of market catalysts that will get the markets moving. Let’s take a look at the high-ipact events that the week offers. Monday, March 12, 2018 No high-impact events on the first business day of the week. All markets will be up and
EURUSD, Daily timeframe Bias: Uptrend The euro dollar was moving in a range bound motion last week. The immediate levels are the support at 1.2200 and the resistance at 1.2530. The established trend is a bull one but in the current situation we need to see specific levels reached and reacted to before acting. Scenario
EURUSD, Daily timeframe Bias: Uptrend The euro closed just a few pips above opening price yesterday. This pretty much left the pair where it was the day before. The trend is bullish but we need certain criteria met before initiating new trades. Scenario 1: The pair could be signaling a temporary weakness. If the day
Ether – the second largest cryptocurrency by market cap is now down more than 5% is just 24 hours. Weakness in Ether starts to accelarate and price has dropped below $750. If we see another day of bearishness, price action may seriously plunge and break through levels. The fundamental reason behind what’s happening comes largely
EURUSD, Daily timeframe Bias: Uptrend Yesterday, the euro gained more than 80 pips in positive direction and traded above 1.2400. This was the 4th consecutive day in a row of bullishness for the major pair. The developments we’ve placed on our watchlist are: Scenario 1: Price continues to push up to reach the immediate target
Australia AUD, 00:30 a.m. GMT, GDP (QoQ) (Q) – Gross Domestic Product measures the change in the total value of goods and services produced for the 4th quarter. Projections lean toward a decrease at 0.5% compared to 0.6% for the previous 3rd quarter. Should the actual reading come out considerbly better than expected, this should
EURUSD, Daily timeframe Bias: Uptrend There was little change for the euro against the US dollar on Monday. The pair is still above 1.2200. The price actions developments we have on our Watchlist are: Scenario 1: Price could continue to move up. It is also likely that volatility will pick up as the week progresses.
Ether and Bitcoin Dutch investors have been reported to hold onto their crypto coins despite the sharp dip that we saw December last year. Based on a Multiscope survey the strategy of those investors is to hold small amounts of digital currency over the long-term with the idea of capitalizing on long-term returns. There are