Jump to content
Sign in to follow this  

About This Club

Price discussion and technical analysis, buying and selling considerations for all Alt-coins (including Bitcoin and Ethereum).

  1. What's new in this club
  2. Technical Overview of AUD/USD and USD/JPY Currency Pair AUD USD AUD traded higher against USD and closed at 0.7022. Maintain a bullish data; Staying Long is more favorable as compared to short. Daily chart has a break above close above 10 EMA. Targets may be 0.73, Daily High and Weekly High has also been breached over night. Looking for a break meaningfully above resistance earlier this week at 0.7036 and remain long AUDUSD targeting 0.7300. According to the Analysis, pair is expected to find support at 0.69868 and a fall through could take it to the next support level of 0.69515. The pair is expected to find its first resistance at 0.70409, and a rise through could take it to the next resistance level of 0.70597. USD JPY USD traded higher against JPY and closed at 107.885. 3 - Bearish Days for the Dollar, Expectations are the Rate cut by end of July. Bearish sentiment leads the currency against the basket of CHF and JPY. Selling rallies may be a positive approach in trading the safe-heaven. The basket trades below Quarterly and Yearly Pivots. According to the Analysis, pair is expected to find support at 107.589 and a fall through could take it to the next support level of 107.292. The pair is expected to find its first resistance at 108.394, and a rise through could take it to the next resistance level of 108.902. Major Events of the Day NZD: Consumer Price Index (YoY) (Q2) Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative. CNY: Gross Domestic Product (QoQ) (Q2) The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).
  3. Technical Overview of USD/CAD and USD/JPY Currency Pair USD CAD USD traded lower against CAD and closed at 1.3069. Trades near the yearly-low (1.3037) even though the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy, and recent price action keeps the downside targets on the radar as the exchange rate fails to break out of the monthly opening range. According to the Analysis, pair is expected to find support at 1.30436 and a fall through could take it to the next support level of 1.30179. The pair is expected to find its first resistance at 1.30931, and a rise through could take it to the next resistance level of 1.31169. USD JPY USD traded lower against JPY and closed at 108.487. USD/JPY to find support from yields may face resistance above 109.00. Its approaching resistance level and fundamentally the weakness of USD may drive the pair lower. According to the Analysis, pair is expected to find support at 108.053 and a fall through could take it to the next support level of 107.618. The pair is expected to find its first resistance at 108.726, and a rise through could take it to the next resistance level of 108.964. For Detailed analysis visit XtreamForex YouTube Channel.
  4. Technical Overview of EUR/USD and AUD/USD and GBP/NZD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1208. EUR is expected to trade sideways, likely within a 1.1190/1.1230 range. According to the Analysis, pair is expected to find support at 1.11943 and a fall through could take it to the next support level of 1.11810. The pair is expected to find its first resistance at 1.12198, and a rise through could take it to the next resistance level of 1.12320. AUD USD AUD traded lower against USD and closed at 0.6926. AUD/USD - Edges Lower After Weak Consumer Confidence Bears Seem Confident Ahead Of Fed According to the Analysis, pair is expected to find support at 0.69059 and a fall through could take it to the next support level of 0.68858. The pair is expected to find its first resistance at 0.69604, and a rise through could take it to the next resistance level of 0.69948. GBP NZD GBP traded lower against NZD and closed at 1.8856. Overnight NZD was struck by a massive selling order. It was almost 34 pips in Asian session. UK Manufacturing Production today We can see that the expected 2.1 is way lot better than previous –3.9 if we have a positive tone from GBP then the Technical and fundamental bounce from the lows will be supported. According to the Analysis, pair is expected to find support at 1.88115 and a fall through could take it to the next support level of 1.87673. The pair is expected to find its first resistance at 1.88989, and a rise through could take it to the next resistance level of 1.89421. Major Economic Events of the Day CAD: BOC Tone On Wed Likely A Bit More Optimistic Than Markets Assuming – CIBC “While not a stunner for markets, the tone will tend to be a bit more optimistic than what markets are now assuming.” The Consumer Price Index is released by the National Bureau of Statistics of China. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY. Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Powell's prepared remarks are published ahead of the appearance on Capitol Hill. For Detailed analysis visit XtreamForex YouTube Channel.
  5. Technical Overview of GBP/USD and EUR/JPY Currency Pair GBP USD GBP traded higher against USD and closed at 1.2527. GBP/USD - Charts Suggest the 2019 Low Is Vulnerable. D1 and H4 200 EMA Heads to south. Broke D1 Ib towards the down side. Broke the Quarter Support and Month Support. Series of Lower Lows and Lower Highs. According to the Analysis, pair is expected to find support at 1.24759 and a fall through could take it to the next support level of 1.24252. The pair is expected to find its first resistance at 1.25822, and a rise through could take it to the next resistance level of 1.26378. EUR JPY EUR traded lower against JPY and closed at 121.779. EUR/JPY: Scope for Retesting 120.82. D1 and H4 200 EMA Heads to south. Broke D1 Ib towards the down side. It's in range but projects towards the down side. According to the Analysis, pair is expected to find support at 121.596 and a fall through could take it to the next support level of 121.414. The pair is expected to find its first resistance at 121.943, and a rise through could take it to the next resistance level of 122.108. Major Economic Events of the Day Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office. For Detailed analysis visit XtreamForex YouTube Channel.
  6. Technical Overview of AUD/USD Currency Pair AUD USD AUD traded higher against USD and closed at 0.6963. The Reserve Bank of Australia (RBA), as was widely expected, decided to cut interest rates for the second month in a row to a historic low level of 1.0% at its July monetary policy meeting held this Tuesday. The decision was on expected lines and hence, did little to prompt any fresh selling around the Australian Dollar, with the AUD/USD pair holding steady above mid-0.6900s. According to the Analysis, pair is expected to find support at 0.69344 and a fall through could take it to the next support level of 0.69057. The pair is expected to find its first resistance at 0.70132, and a rise through could take it to the next resistance level of 0.70633. Major Economic Events of the Day Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013. Philip Lowe replaced Glenn Stevens as governor of Australia’s central bank. Lowe was the Deputy Governor of the Reserve Bank of Australia, a position he held since February 2012. For Detailed analysis visit XtreamForex YouTube Channel.
  7. Technical Overview of USD/CNH, USD/CHF and USD/CAD Currency Pair USD CNH USD traded higher against CNH and closed at 6.8679. G20 Summit is over now, it’s expected that the weakness of the USD may continue. On the other hand we may see strength in the safe heaven and CNH. President Donald Trump wants a weaker dollar to help boost exports, and is counting on the Federal Reserve to help make that happen. But the central bank’s chairman, Jerome Powell, has made clear it’s not his job. According to the Analysis, pair is expected to find support at 6.85980 and a fall through could take it to the next support level of 6.85170. The pair is expected to find its first resistance at 6.87757, and a rise through could take it to the next resistance level of 6.88724. USD CHF USD traded higher against CHF and closed at 0.9764. According to the Analysis, pair is expected to find support at 0.97432, and a fall through could take it to the next support level of 0.97225. The pair is expected to find its first resistance at 0.97793, and a rise through could take it to the next resistance level of 0.97947. USD CAD USD traded higher against CAD and closed at 1.3099. According to the Analysis, pair is expected to find support at 1.30715, and a fall through could take it to the next support level of 1.30440. The pair is expected to find its first resistance at 1.31142, and a rise through could take it to the next resistance level of 1.31294. Major Economic Events of the Day The Caixin China Manufacturing PMI, released by Market, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies. The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish). For Detailed analysis visit XtreamForex YouTube Channel.
  8. But where to buy? Nuex where I bought last time looks like a ghost town. And I hate using BTC...
  9. CasinoCoin is doing great, so excited for their future. The developers are mostly working for free, and deserve to get rewarded for their time and commitment.
  10. Technical Overview of EUR/CHF, EUR/JPY and AUD/JPY Currency Pair EUR CHF EUR traded higher against CHF and closed at 1.1116. Long-term trend: Neutral. The weekly close below support around 1.1130 suggests further selling pressure. Short-term trend: Down. The consolidation below the lower end trading of the trading range around 1.1150 is bearish. According to the Analysis, pair is expected to find support at 1.10864 and a fall through could take it to the next support level of 1.10571. The pair is expected to find its first resistance at 1.11345, and a rise through could take it to the next resistance level of 1.11533. EUR JPY EUR traded higher against JPY and closed at 122.527. Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected. Short-term trend: Neutral. Higher prices are still possible, although the upside potential remains limited. According to the Analysis, pair is expected to find support at 121.983, and a fall through could take it to the next support level of 121.440. The pair is expected to find its first resistance at 122.848, and a rise through could take it to the next resistance level of 123.170. AUD JPY AUD traded higher against JPY and closed at 75.271. Long-term trend: Down. Long-term solid horizontal support comes in around 72.15. Short-term trend: Neutral: Bottoming scenario confirmed by breaking upper end falling trend channel around 74.70. According to the Analysis, pair is expected to find support at 74.745, and a fall through could take it to the next support level of 74.220. The pair is expected to find its first resistance at 75.572, and a rise through could take it to the next resistance level of 75.874. For Detailed analysis visit XtreamForex YouTube Channel.
  11. Technical Overview of EUR/USD and GBP/USD Currency Pair EUR USD EUR traded lower against USD and closed at 1.1365. EUR/USD position as the second-best G-10 FX trade in months leading up to the first Fed cut, only outpaced by a long EUR/NZD position. ECB easing is also a done deal now, as Draghi hinted of easing unless the outlook improves (more QE and a rate cut). The outlook will not improve (before 2020), but the ECB usually delivers when projections are updated – i.e. in September (they will ease with a time-lag after the Fed. Break of ADR Highs to further extensions or Break of Support to form a Double top. According to the Analysis, pair is expected to find support at 1.13353 and a fall through could take it to the next support level of 1.13059. The pair is expected to find its first resistance at 1.14030, and a rise through could take it to the next resistance level of 1.14413. GBP USD GBP traded lower against USD and closed at 1.2675. Pair @ support from previous 3 week Pivot. Pair @ support from Pivot support candle. Preparing for Pre G-20 Meeting. Resistance @ Pivot resistance candle. Resistance @ Monthly Pivot. According to the Analysis, pair is expected to find support at 1.26366, and a fall through could take it to the next support level of 1.25980. The pair is expected to find its first resistance at 1.27488, and a rise through could take it to the next resistance level of 1.28224. Key Fundamentals of the Day The dollar fell against most major currencies on Tuesday, hitting a three-month low against the euro. As expectations of multiple decreases of U.S. interest rates by the Federal Reserve have spurred selling of the U.S. currency. Growing tensions between Iran and the United States stoked fresh safe-haven buying of the yen. President Donald Trump believes the U.S. dollar is too strong, and the euro is. For Detailed analysis visit XtreamForex YouTube Channel.
  12. Well as you’ve outlined, they both have some potential merit. CSC is one of those coins that you can stack up cheaply now and truly forget for a few years. I am guessing that BTR’s appreciation will be at a faster pace, given the incentives offered by the Bitrue exchange and potentially wide trading. As a US citizen, I haven’t been able to get any BTR yet, with the exception of the “rebates” for trading on the exchange. And I agree the initial trading will probably spike the price massively, but I wish I could accurately guess about if or when it drops. I think your analogy to BNB is interesting, so maybe it would be reasonable to make an initial smaller trade just to accumulate some coins and then wait to grab more if/when it drops. Good luck!
  13. i think ultimately, BTRs price "has" to go up seeing its the exchanges own coin. The more its used, the higher the price. now, bitrue isnt nearly as big as binance, so i doubt BTR will ever hit $40. the question is, what will the opening price be? whatever it is, im sure its going to go up initially as people who couldnt buy before, start buying. but as with every investment, theres bound to be a price drop. for the first month, BNB remained flat, then shot up. many people bought in at $3 only to watch it crash to .70. im sure many sold in fear. big mistake (easy to say after the fact). i think CSC is the winner in the long run. so cheap, you can buy more CSC than you ever could XRP. if you spend $500 on BTR at .06, thats 8,300 BTR. if you spend $500 on CSC at .0007, thats 710,000 CSC. at just .10 CSC, youd have $71,000 compared to just $830 BTR BUT you have to consider CSC will probably take MUCH longer to hit .10 so either way you win. if BTR skyrockets, you could just reinvest into CSC and have more CSC than you could ever imagine. if CSC skyrockets first, then it shouldnt matter because technically you should already have a position in CSC so.. id say BTR is the best investment right now based on 1. CSC will probably take years to hit $1 yet alone .10 2. BTR will probably go up in price no matter what seeings its bitrue's own coin with so many incentives 3. if you already own 1 million CSC or more, the key here is diversifying. i think BTR could probably hit $5 max for the next couple years. $41,500 profit off of a $500 investment? cant beat that. and again, even if CSC were to hit $1, the game here is to make money no matter what. personally, id forget 'loyalty'. it only goes one way with investing. what are your thoughts? BTR or CSC?
  14. Good question! What did you decide? BTR trading starts later this week, and I haven't been able to pre-buy yet due to US citizenship, but I can trade once that starts. There are many incentives to buying BTR, and it certainly could appreciate quickly. I also feel some "loyalty" to Bitrue given their favorable treatment of XRP. Will BTR follow BNB's path?
  15. https://minepi.com Anyone doing this ? Seems fairly good idea or should I say different, based on Stella from what I read . I'm in worth a punt .
  16. That's anyone's guess. At least with XRP we know the price is going up, a rare luxury in crypto.
  17. No if I'm correct it works like this: depending on how much BTR you have, the interest percentage on power piggy goes up.
  18. of course, then the questions are... what will BTRs opening price be and is it smart to wait for the price to reset before you buy? im sure its going to spike with excitement when it goes live next week
  19. so just owning BTR, not having to do anything else, and youll get BTR?
  20. BTR's price will probably be a proxy for how popular Bitrue will be as an exchange. They're going to make holding BTR part of their power piggy thing, so there is already a clear incentive to have it for people that use power piggy.
  21. Most likely correct, but so long as there is enough buys who don't think that... then could be gains to be made. I'm thinking about getting £100 worth or something as pretty much a gamble.
  22. bored.. nothing to talk about.. when BTR goes live on bitrue, do you think itll see a BNB price of $40 or think itll just flop around and slowly die off https://www.bitrue.com/activity/online-btr-trading i think all these coins a a bunch of hogwash, people making money based on nothing more than someone saying, "I created a coin, buy it"
  23. Increase in the price of bitcoin is a good sign for investors, but does the prices rise or stay for a long time, but no matter how much I will get the full information from my new cryptocurrency news platform which consider everything about cryptocurrency, I am sure you will not miss anything or single news from the world here.
  24. -Long term investors typically make the most amount of money -Most people are unwilling to invest long term because they see it as 'boring'.
  25.  
×
×
  • Create New...