Last business day for the week, traders. Let’s make it a good one! Bitcoin The global crypto market is getting rattled by concerns over South Korea banning digital currency trading via exchanges. The country’s minister of justice has said that there is a ban underway. As a result, virtual currencies reacted with a significant drop.
EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar respected the support at 1.1900 and pushed back from it by gaining about 98 pips. We’re yet to see if the immediate target and resistance level at 1.2065 will be soon breached. Scenario 1: If price action breaks above 1.2065 and closes the day considerably
EURUSD, Daily timeframe Bias: Pair in Uptrend The euro dollar has reached a near-term support at 1.1900. Yesterday, the pair hesitated around that level and closed the day only 14 pips up from opening price. We’re in a place where the pair is in an Uptrend but currently retracing. The scenarios observed are: Scenario 1:
Ethereum Among rival cryptocurrencies, Ethereum seems to exhibit a steady performance. On Wednesday, it traded above $1,300 which is an all-time high. The digital currency continues to rise in price and now takes the second honorary place in terms of market capitalization coming second after Bitcoin. For the past week we saw Ether increase 60%.
Bitcoin Today we’ll share with you a couple of facts about the first and largest cryptocurrency. Bitcoin is a digital currency that exists outside of the banking sector. It is the first currency to be created by people and not by a government. Another defining characteristic is its extremely volatile nature. In terms of appreciation,
EURUSD, Daily timeframe Bias: Pair in Uptrend On Monday, the euro continued to drop another 58 pips against its dollar counterpart. Clearly the most traded pair in the world respected the immediate resistance at 1.2065. As you know, the pair is in an Uptrend so our strategy is to look for levels of confluence to
Bitcoin The largest cryptocurrency has been dropping for the past couple of weeks. The total decrease of about 17% is associated with news coming from regulators in China and South Korea who are increasingly tightening oversight on digital currency trading as a whole. Additionally, the Securities and Exchange Commission in the U.S. (in the late
EURUSD, Daily timeframe Bias: Pair in Uptrend The pair has found a short-term resistance at 1.2065 and currently continues to pull back from it. We’re in an established uptrend so the direction we’d be looking to capitalize on is North. This is to take place only from suitable places once price reacts from them. We’re