On June 1st 2019 we published the analysis: in which we proposed the following scenario: Bitcoin finding itself at a significant distance from any support it is hard to believe that the major June thrust should extend higher without an intervening price consolidation. Bitcoin should retreat in the aforementioned price area with $7,000 being the […]
Before / After Analysis – Bitcoin – Wake
In June 2018 we published: in which we proposed the following scenario for Bitcoin in US dollar: On a semi-log price chart the rise from $152.40 in Jan 2015 to $19,666 in Dec 2018 shares similarities with the previous increase from $2.22 in Oct 2011 to $1164 in Nov 2013 (Bitstamp price history) with both […]
Which is the strongest Currency, the Jap...
Looking to open new short positions against weakest currencies (AUD, NZD, CAD, GBP) by the opening of the week, month, quarter and semester we are now hesitating between selling them against the Swiss Franc (CHF) or the Japanese Yen (JPY). Now the question that arises is, which of the two is the strongest and expected […]
The Only Way is Down for the British Pou...
Summary The British Pound is in a secular down trend against the US dollar that should not end until the exchange rate retests the 1.035 historical low marked in 1985 and possibly moves lower to reach parity. The rate is bearish on all time scales from the daily to the 2-year duration and a bearish […]
FOREX Sell Signal – AUD/CHF
The long term price charts are pointing out an extreme bearishness on the AUD/CHF currency pair. Now the shorter term charts confirm that an impeding downside move is highly probable. Yesterday we posted a long term view on AUDCHF highlighting the bearish orientation of the pair. From a shorter term perspective signals now appearing on […]
Taking the Long Term View on AUD/CHF
For any financial market the longer time scale always prevails and it is therefore on all occasions a good idea to take a broader view to sail with the wind for increased probability of investment success. On the FOREX market AUD/CHF must be one of the weakest currency pair. The exchange rate is capped by […]
Turkish Lira ( TRY ): The Pain Ain’t Ove
The Turkish Lira is in free fall and the trend does not appear to be ending any time soon with its exchange rate against the world’s major currencies accelerating as exemplified here below. Turkish Lira / Japanese Yen Monthly Exchange Rate Swiss Franc / Turkish Lira Exchange Rate US Dollar / Turkish Lira Monthly Exchange […]
The Euro ( EUR ) Should Weaken Against T...
EURAUD Broke Out Above 9-Year Resistance...
Buying the Canadian and Australian Dolla...
Something’s Fishy: Tether, Auditor “Diss
Something’s Fishy: Tether, Auditor “Dissolve Relationship” According to Rumors Reports surfaced Saturday night that Tether and their auditor, Friedman LLP, had dissolved their relationship. Due to the weekend, independent confirmation has not been received. Calls to Friedman LLP have gone to voicemail. Published on COINTELEGRAPH, Jan 28th, 2018 Read more…
