forex charts

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• Gold & Silver Price Charts Starting to Roll Over - DailyFX
• Bitcoin Price Shoots Up - Bullish Reversal in the Works? - Forex Traders
• Charts for Next Week: EURUSD, USDJPY, AUDNZD, Gold Price & More - DailyFX
• FOREX-U.S. dollar dips after weak consumer spending data - Kitco News

Gold & Silver Price Charts Starting to Roll Over - DailyFX Posted: 28 Mar 2019 04:31 AM PDT Gold/Silver Technical Highlights: Gold price upward channel in jeopardy of breaking Silver rolling over, neckline of H&S could come into play soon DailyFX has created a library of guides to help traders of all levels navigate markets, check them out today on the Trading Guides page. Gold price upward channel in jeopardy of breaking The focus on this end in gold continues to be the well-defined upward channel, looking like a corrective grind higher that will result in another down-move soon. But even as such, the bullish bias the channel presents must be respected until broken. That could happen soon, as the underside t-line of the formation is starting to give-way this morning. A breakdown soon should have sellers gaining the upper-hand again with support down in the 1280s becoming the next focal point. The trend-line off the August low (~1260s) is the bigger target on pronounced weakness. Should the channel break it will require a strong move back inside and ultimately above the high at 1324 to negate a short bias, and even then depending on how price action plays out it might not necessarily turn the picture bullish, but rather just put a neutral stamp on the outlook for the time-being… Check out the IG Client Sentiment page to see how changes in trader positioning can help signal the next price move in gold and other major markets and currencies. Gold Daily Chart (starting to break...) Gold 4-hr Chart (Channel guide) Silver rolling over, neckline of H&S could come into play soon In silver-like fashion silver is weakening ahead of gold, a pattern seen before as the precious metal continues to lag its big sibling. There is a head-and-shoulders formation gaining further clarity as the latest round of weakness is helping solidify a right shoulder. The trend-line off the November low needs to be broken first, followed by the 200-day and then range-levels from the fall, before finally the neckline is tested. With all these levels in the vicinity this is why the neckline of this pattern has even more importance than usual. A break below the neckline leaves silver without any support until the November lows/December 2015 trend-line near 14. Silver Daily Chart (Weakening towards neckline) Resources for Forex & CFD Traders Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex. ---Written by Paul Robinson, Market Analyst You can follow Paul on Twitter at @PaulRobinsonFX

Bitcoin Price Shoots Up - Bullish Reversal in the Works? - Forex Traders Posted: 29 Mar 2019 08:32 AM PDT The price of the top cryptocurrency has been struggling sideways around the $4,000 mark for a few days now. To raise the possibility of a bullish reversal next month, the price needs to hit the $4,190 level. Is that a real possibility? A recent spike to over $4.1k says it is indeed. Does this mean we're not going to see a $3k Bitcoin ever again? The question on everyone's mind is: has the crypto market and Bitcoin in particular really bottomed? Are we about to see the early pangs of the next bull run? The way the technical factors are currently lined up, that is indeed a real possibility. Although it failed a few times to convincingly leave behind the psychological resistance of $4k, the price of Bitcoin shot up massively earlier today, hitting a 5-week high. It also drew a pattern that is reminiscent of the 2015 recovery, which eventually led up to the 2017 bull market explosion. The monthly chart makes it clear that this recovery – if it indeed turns into that – started way back in February. The February candlestick was not just the first green one in 7 months, it completely engulfed the January one. The keep the bullish case alive, the March candlestick needs to end up above the wick of the February one. What this means is that the price needs to end up above $4,190 on March 31. If it does hit that mark, then the doors will be open all the way to $5,000 in April. To kill the short-term bullish momentum, prices need to find acceptance below $4,055 – which is well within the realm of possibility too. This is where the March high currently sits. The 30-day MA represents the target for the bears. If they manage to drag the price below $3,900, they will have effectively defused the current bullish setup. Despite the bullish scent in the air, BTC price may end up treading water within its current trading range for a few more months, before a proper breakout happens. The 200-cycle MA on the 3-day chart has leveled out. This indicator has not accomplished such a feat since 2015. In a somewhat contrarian manner, this MA has just lost its bullish bias now. It needs to be pointed out that it is a lagging indicator though. Back in 2015, it exhibited similar behavior before the beginning of the bull market. It turned bearish just as the price was beginning to shoot upward. What do the fundamentals say?   There has been a lot of fuss raised lately about the fake crypto trading volumes generated by various exchanges through wash trading. A report produced by Bitwise Asset Management for the SEC, alleges that some 95% of the total crypto trading volume is faked. While that number is quite stunning, it is difficult to contradict many of the findings of the said report. According to the report, there are only 10 exchanges out there, with significant real trading volumes. Two of these exchanges are Binance and Bitfinex. Apparently, these two account for some 50% of the total BTC spot trading volume. They both use tether however and none of them are properly banked. Furthermore, Binance was funded through and ICO and it maintains a token that is certainly dubious from a regulatory perspective. The conclusion of the report can only be one. The BTC market is far from a mature one, with two unbanked exchanges making up the bulk of its real trading volumes, exchanges which use an unaudited and unregulated stablecoin. In other news: Facebook has continued its blockchain-linked hiring spree, announcing 5 more jobs in the vertical.

Charts for Next Week: EURUSD, USDJPY, AUDNZD, Gold Price & More - DailyFX Posted: 01 Mar 2019 12:00 AM PST The Euro is poised for selling in the days ahead as not only did it post a key-reversal yesterday but also tripped the trigger on a shorter-term price pattern. USDJPY is finding some serious life and with it the possibility of it running towards long-term trend-lines has grown significantly. AUDNZD is finding little life below resistance, positioned for more selling soon. Gold is breaking down and on the verge of snapping its bullish trend structure in place over the past few months. Technical Highlights: EURUSD reversal, pattern put it at risk of selling off USDJPY has room to run towards long-term trend-lines AUDNZD positioned for continuation lower Gold making a lower-low soon would undermine trend See where our team of analysts see your favorite markets and currencies headed in the weeks ahead in the Q1 Trading Forecasts. EURUSD reversal, pattern put it at risk of selling off The Euro not only posted a key-reversal on the daily chart, but also broke a rising wedge it had been building in recent sessions (most visible on the 4-hr time-frame). With this should come selling in the days ahead; the first target the Feb 15 low at 11234, followed by a big level back in November at 11216. EURUSD Daily Chart (reversal sets it up for weakness) EURUSD 4-hr Chart (rising wedge snapped) Check out the Q1 Euro Forecast to see our analysts' intermediate-term fundamental and technical outlook. USDJPY has room to run towards long-term trend-lines USDJPY is ripping above resistance at the time of this writing, and as long as the rally holds then so does the prospect of testing trend-lines dating back to 2015 and 2016. If this is to be the case, then there should be another 150 points or so before difficulty may arise. USDJPY Daily Chart (Long-term trend-lines could be next) Check out the Q1 JPY Forecast to see our analysts' intermediate-term fundamental and technical outlook. AUDNZD positioned for continuation lower AUDNZD remains weak below resistance. This is a set-up that has been in play for a few days now, and in Aussie-Kiwi fashion remains a bit of a bumpy and slow ride. That should change soon as buyers give up and sellers gain more control. In the near-term a down-move is expected and eventually a move to the low from Jan 2 and worse looks to be in the cards. AUDNZD Daily Chart (continuation lower looking likely) Gold making a lower-low soon would undermine trend As discussed just a bit ago this morning, the outlook for gold is quickly turning in favor of sellers. A lower-low here soon would have another support level in focus which may provide a bounce, but any strength after undermining the bullish trend will most likely be viewed as an opportunity to sell. Gold Daily Chart (Watch for lower-low) Check out the Q1 Gold Forecast to see our analysts' intermediate-term fundamental and technical outlook. Resources for Forex & CFD Traders Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex. ---Written by Paul Robinson, Market Analyst You can follow Paul on Twitter at @PaulRobinsonFX

FOREX-U.S. dollar dips after weak consumer spending data - Kitco News Posted: 29 Mar 2019 06:44 AM PDT NEW YORK, March 29 (Reuters) - The dollar index, which measures the greenback against a basket of six other major currencies, fell on Friday morning after the Commerce Department reported that U.S. consumer spending barely rose in January. The personal consumption expenditure (PCE) index showed inflation pressures were modest in January. The core PCE index is the Federal Reserve's preferred measure of inflation. Higher inflation would oblige the Fed to reevaluate their pause in interest-rate hiking. (Reporting by Kate Duguid Editing by Chizu Nomiyama)

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