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Posts: 26 to 50 of 451

26

Re: Daily Market News by Xtreamforex.com

USDJPY Forecast for the Week of January 30, 2017

The USDJPY had a volatile week in terms of changes in direction. As far as the price action is concerned

Read more: https://www.xtreamforex.com/Education/usdjpy-forecast-for-the-week-of-january-30-2016/

#forex #xtreamforex #forexforecast #forextrading #support_resistance

27

Re: Daily Market News by Xtreamforex.com

GBP USD Forecast | Daily Technical Analysis for February 2, 2017

GBP USD Technical Overview

Yesterday Closed        1.2660
Today Open                1.2660
Day’s Range    1.2654 – 1.2680
52 wk Range   1.1450 – 1.5020
1-Year Return – 12.01%
GBPUSD Technical Support and Resistance

Possible trading range for today 1.2654 – 1.2680
GBP USD Fundamental Analysis

The GBP USD pair had a pretty strong day yesterday as the pound is only one of the very few currencies that seems to be capable of holding on by itself whenever there is dollar strength. There seems to be some intrinsic strength built within the pound and the reason for that could be the continuing good economic data from the UK. This has been holding up the pound and that is the reason why the corrections have been shallow and have been met with some quick bounces.
Today is going to be a key day for the GBP USD pair as we have the BOE rate announcement and the policy meeting minutes and we also have the quarterly inflation report from the UK as well. The rate is expected to be kept on hold but the BOE will have to act out a tough balancing act as it needs to take care of the economy and also ensure that the impact of the Brexit doesn’t hit the economy too hard. With the government, yet unclear on how exactly the whole Brexit process is going to pan out, the markets would be expecting the BOE to help out and do the needful in a strong manner to give out some confidence to the market in the pound. It remains to be seen whether that is addressed in the statement and the inflation report. The pair is in a key area now and these data would be valuable in determining the short-term direction of the pound.
Read More: https://www.xtreamforex.com/Education/gbp-usd-forecast-for-february-2-2017/

28

Re: Daily Market News by Xtreamforex.com

EUR USD Forecast | Daily Technical Analysis for February 3, 2017

EUR USD Technical Overview
Yesterday Close          1.0759
Today Open                1.0759
Day’s Range   1.0745 – 1.0772
52 wk Range   1.0339 – 1.1616
1-Year Change – 3.08%

EUR USD Technical Forecast

Our Possible trading range for today 1.0745 – 1.0772

EUR USD Fundamental Analysis

It’s been a very untidy past 24 hours for the EURUSD with the pair not knowing where to go and how to go about in a specific direction. It has been trying for a week or so to break through the glass ceiling at around the 1.0800 region and the best attempt at that region was made yesterday when it went as high as 1.0828 but it had to beat a hasty retreat as large scale selling started at that point and it fell back below 1.0800 and it trades just above 1.0760 as of this writing.
Its the NFP day today, probably one of the most important days in every month where a huge amount of volatility is bound to be witnessed. The last few employment reports have become especially important as the Fed has made it clear that if the incoming data continues to be good,
Apart from the NFP today, we have the average wage earnings data as well and the non-manufacturing PMI data from the US. We still believe that the dollar will ultimately strengthen and we do believe that the employment report today would come out strong to help support the dollar.

Read More:  https://www.xtreamforex.com/Education/eur-usd-forecast-for-february-3-2017/

29

Re: Daily Market News by Xtreamforex.com

EUR/USD analysis: bullish strength eases, but downward scope still limited

The EUR/USD pair retreated on Friday from a fresh 1-month high of 1.0782, but settled well above the 1.0700 threshold, as broad dollar’s weakness dominated the FX board, following Fed’s monetary policy meeting.

Technical Overview:

Prev. Close: 1.0738

Open: 1.0738

Day’s Range: 1.0734 – 1.0762

52 wk Range: 1.0339 – 1.1616

1-Year Change: – 4.61%

Support and Resistance:

Daily Camarilla Technical analysis shows that EUR/USD pair may find the immediate support at 1.0757. below which 1.0756 and 1.0755 could be tested. On the other side the immediate resistance 1.0759 and may go for further test 1.0760. A break beyond the last, doors will open for a test of 1.0761.

Technical Indicators:

Buy: 8  Sell: 0  Neutral: 3

Summary:STRONG BUY

Upcoming Economic News:

EUR –  German PPI m/m

EUR –  German Buba Monthly Report

EUR –  German Buba President Weidmann Speaks

Read More Analysis: https://www.xtreamforex.com/Education/daily-technical-analysis-3202017/

30

Re: Daily Market News by Xtreamforex.com

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Brent crude futures, the international benchmark for oil, were at $50.95 per barrel at 0231 GMT, up 31 cents, or 0.6 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
U.S. West Texas Intermediate (WTI) crude futures were up 35 cents, or 0.7 percent, at $48.39 a barrel, after testing support at $47 overnight.
Analysts said Brent had found technical support around $50 a barrel and was being pushed up as traders took new long positions after crude hit multi-month lows overnight.
Despite the bounce, traders said the market remained under pressure, largely due to a big U.S. inventory and doubts that an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut output was reining in a global fuel supply overhang.

Read Full Analysis: http://www.xtreamforex.com/Education/oil-bounces-off-november-lows/

31

Re: Daily Market News by Xtreamforex.com

Best way to Identify the Forex Market future movement

Technical analysis is the science or skill of forecasting of the future movements of the price using the past movements and data.
Obviously, the past movements cannot guarantee the future movements and so technical analysis is not a hundred percent accurate and surefire forecasting but if you learn the technical analysis properly, you can make more correct predictions and so you will be in profit at the end.
Technical analysis rules, techniques and tools are 99% the same in the stock and forex market. So if you learn technical analysis, you can use it both in stock and forex market.
It is impossible to cover everything about the technical analysis in one article. So here I just try to talk about technical analysis in general but write more detailed articles about it.
If you read my daily forex trading market technical analysis reports, you will see that technical analysis is the main thing that I use in the market analysis.

Read More on : https://www.xtreamforex.com/Education/analyze-forex-trading-market/

32

Re: Daily Market News by Xtreamforex.com

GBP/USD analysis: tough EU position on Brexit weighs on Pound

GBP/USD Current price: 1.2425
The UK formally begun the Brexit process through a letter that PM May delivered to the EU, resulting in some wild swings in Pound crosses and with the GBP/USD settling at 1.2425.  The two parts are beginning now a two-year process that EU President Donald Tusk expects to start with “key arrangements for an orderly withdrawal.” UK PM May, on the contrary, wants to focus on a comprehensive free-trade deal, something that the EU is not willing to put on the table, at least for now.


Read Full on : https://www.xtreamforex.com/Education/gbpusd-analysis-tough-eu-position-on-brexit-weighs-on-pound/

33

Re: Daily Market News by Xtreamforex.com

Gold Fundamental Forecast For The Week of April 3, 2017
Gold futures posted a two-sided trade last week before closing only slightly lower. Investors had a lot on their plates last week, dealing with Trump administration issues, the U.S. Dollar, interest rates, Brexit and French presidential elections.

June Comex Gold futures closed the week at $1251.20, down $0.50 or -0.04%.

Comex gold futures started the week more than 1 percent higher after President Trump’s failure to put through a healthcare reform package the previous Friday raised questions over his ability to deliver promised tax cuts and spending plans.

This news drove the U.S. Dollar into a four-month low, making dollar-denominated gold a more attractive investment.

Gold prices retreated the rest of the week after the dollar strengthened due to hawkish commentary from several Fed officials.


Read More on https://www.xtreamforex.com/Education/price-of-gold-fundamental-forecast-week-of-april-3-2017/

34

Re: Daily Market News by Xtreamforex.com

Daily Technical Analysis & Forecast | XtreamForex

EUR/USD Technical Forecast
Day’s Range: 1.0663 - 1.0675
Support levels: 1.0649|1.0639|1.0623
Resistance levels: 1.0681|1.0691|1.0707

GBP/USD Technical Forecast
Day’s Range: 1.2421 - 1.2496
Support levels: 1.2466|1.2445|1.2409
Resistance levels: 1.2538|1.2559|1.2595

Read More Details: https://www.xtreamforex.com/Education/

35

Re: Daily Market News by Xtreamforex.com

How Do Oil Prices Affect Your Trading Wallet?


It is important for everyone to keep an eye on the live oil prices as it affects a large part of our life on a day to day basis. One of the main reasons for this fact is that unlike other commodities like gold, silver, diamond etc., oil is an essential commodity and considering its usage and impact in our lives, it is probably the most important commodity in the world. A couple of decades back, entire wars were fought by some of the greatest world powers in order to gain control over large reserves and this should be enough proof to stress the importance of oil as a commodity that impacts our daily lives.


Find Details At:  https://www.xtreamforex.com/Education/forex-blog/

36

Re: Daily Market News by Xtreamforex.com

Daily technical Analysis & Forecast: WEDNESDAY-April 6, 2017

EUR/USD Forecast: Will it break the range ahead of Trump-Xi Summit?
Day’s Range: 1.0662 - 1.0684
Support levels: 1.0640|1.0626|1.0604
Resistance levels: 1.0684|1.0698|1.0720

GBP/USD Forecast: GBP/USD has a relook at 1.25 handle, focus on Trump-Xi meeting
Day’s Range: 1.2475 - 1.2501
Support levels: 1.2437|1.2418|1.2387
Resistance levels: 1.2499| 1.2518| 1.2549

USD/JPY Forecast: USD/JPY downside playing out, fresh lows scored in Tokyo
Day’s Range: 110.30 - 110.73
Support levels: 110.52| 110.30| 109.93
Resistance levels: 111.26| 111.48| 111.85


Read More Details: https://www.xtreamforex.com/Education/

37

Re: Daily Market News by Xtreamforex.com

GBP/USD: GBP/USD pair is on a minor-recovery mode in mid-Asia
The pair bottomed at 1.2450 this Thursday, now the immediate support, although a more relevant one comes at 1.2410, and only below this last the pair can gain bearish momentum.

GBP/USD Technical Forecast
Day’s Range: 1.2447 - 1.2477
Support levels: 1.2452| 1.2438| 1.2415
Resistance levels: 1.2498| 1.2512| 1.2535

Visit: https://www.xtreamforex.com/Education/gbpusd-forecast-daily-technical-forecast-april-07-2017/


EUR/USD: Has Euro lost its funding currency status?
the EUR/USD pair hardly moved following the US attack on the Syrian targets. The common currency has been referred to as a new funding currency, ever since the ECB hit the zero lower bound and started the QE program back in 2014/15.

EUR/USD Technical Forecast
Day’s Range: 1.0633 - 1.0660
Support levels: 1.0630| 1.0616| 1.0593
Resistance levels: 1.0676| 1.0690| 1.0713

Visit: https://www.xtreamforex.com/Education/eurusd-daily-outlook/

38

Re: Daily Market News by Xtreamforex.com

GBP/USD Fundamental Analysis – week of April 10, 2017
GBPUSD spent most of the week within a tight range between 1.24 and 1.25 and we had mentioned in our daily forecasts that this is likely to be the range for the next few days and that’s what had happened. We had also mentioned that even if the pair was to break through the highs of the range at around 1.25 region, there was a very strong resistance around the 1.26 region and so there was not much for the bulls to look forward to.

GBP/USD Technical Forecast
Day’s Range: 1.2367 - 1.2389
Support levels: 1.2356| 1.2309| 1.2235
Resistance levels: 1.2504| 1.2551| 1.2625



EUR/USD Fundamental Analysis – week of April 10, 2017
EURUSD pair continued to weaken through the week and there has been no respite so far. Looking at the bigger picture, the pair is moving within a larger range between the 1.09 and 1.05 region and as we had mentioned in our monthly forecasts.

EUR/USD Technical Forecast
Day’s Range: 1.0570 - 1.0589
Support levels: 1.0577| 1.0550| 1.0507
Resistance levels: 1.0663| 1.0690| 1.0733

Read More & Details: https://www.xtreamforex.com/Education/weekly-forex-forecast/

39

Re: Daily Market News by Xtreamforex.com

Oil falls - 0.79% after North Korean missile test
Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.
Benchmark Brent crude futures were down 49 cents at $55.40 at 0310 GMT. On Thursday, before the break closed most major markets, they settled up 3 cents at $55.89 a barrel.
U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday.
Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/

Gold Price rose in Asia as china GDPs improvement
Gold prices gained solidly on Monday as China GDP came in better than expected and tensions on the Korean peninsula supported demand.
Gold for June delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,293.00 a troy ounce, while silver futures were up 0.49% to $18.600 and copper futures gained 0.62% to $2.583 a pound.
Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/

40

Re: Daily Market News by Xtreamforex.com

The USD fell to a five-month low against the JPY | April 18, 2017


The U.S. Dollar fell to a five-month low against the safe-haven Japanese Yen on tensions with North Korea over the week-end. The dollar rebounded, however, as the Dollar/Yen Forex pair neared a major retracement level at 107.856, sending it higher into the close. The catalyst behind the rally was a rise in U.S. Treasury yields which made the dollar a more attractive investment.U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday.


Read More Details: https://goo.gl/CHvKK9

41

Re: Daily Market News by Xtreamforex.com

How are Bollinger Bands used in forex trading?

Bollinger Bands are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds or foreign exchange (FX). Many traders use Bollinger Bands to determine overbought and oversold levels, selling when a price touches the upper Bollinger Band and buying when it hits the lower Bollinger Band. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. However, Bollinger Bands don’t always give accurate buy and sell signals. This is where the more specific Bollinger Band “bands” come in. Let’s take a look.
As John Bollinger was first to acknowledge: “tags of the bands are just that – tags, not signals. A tag of the upper Bollinger Band is not in and of itself a sell signal. A tag of the lower Bollinger Band is not in and of itself a buy signal.” Price often can and does “walk the band.” In those markets, traders who continuously try to “sell the top” or “buy the bottom” are faced with an excruciating series of stop-outs or worse, an ever-mounting floating loss as price moves further and further away from the original entry.
Perhaps a more useful way to trade with Bollinger Bands is to use them to gauge trends. To understand why Bollinger Bands may be a good tool for this task we first need to ask – what is a trend?


Read More: https://goo.gl/zzzm4A

42

Re: Daily Market News by Xtreamforex.com

Oil Prices Fundamental Report: Biggest Weekly Drop In A Month

Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years.
Brent crude futures (LCOc1) were at $52.99 per barrel at 0323 GMT (11:23 p.m. EDT), flat from their last close. Brent futures are set for a 5.2 percent weekly drop, the most since the week of March 10.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were also almost unchanged, at $50.74 a barrel. WTI is set for a 4.6 percent weekly decline, also the most since March 10.
Reuters' technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55.
The stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.
Thomson Reuters Eikon data shows that a record 48 million bpd of crude is being shipped across ocean waters in April, up 5.8 percent since December, before cuts were implemented.

Read Full Report: https://www.xtreamforex.com/Educatio...op-in-a-month/

43

Re: Daily Market News by Xtreamforex.com

How to do Fundamental Analysis & Fundamentals Trading Strategies


In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency’s true value.
All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value. This value changes over time due to many factors, including economic growth and financial strength. Fundamental traders look at all of this information to evaluate a country’s currency.
Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject. To give you a better idea of a tangible trading opportunity, let’s go over one of the most well-known situations, the forex carry trade. (To read some frequently asked questions about currency trading,

Read More
https://www.xtreamforex.com/Education/forex-tutorial-fundamental-analysis-fundamentals-trading-strategies/

44

Re: Daily Market News by Xtreamforex.com

USD/JPY Forecast April 25, 2017


The Dollar Index (DXY) gapped lower overnight as the outcome of the French election underpinned the euro, which makes up a big portion of the index. Despite the DXY’s weakness, the USD/JPY gapped higher as the news also undermined perceived safe haven assets such as gold and yen. But the gains for the USD/JPY were short-lived and the daily chart of the USD/JPY is currently displaying a bearish price pattern, which suggests that the gap may well be ‘filled’ completely in due course and there may even be a possibility for a deeper pullback.
As can be seen from the chart, the USD/JPY is in the process of potentially forming an inverted hammer candlestick formation after the gap up. This price pattern is typically bearish as it highlights a lack of willingness from the buyers to hold onto their positions. Thus, we may see some weakness follow-through in the upcoming Asian session.


Read More: https://www.xtreamforex.com/Education/usdjpy-path-of-least-resistance-still-to-downside/

45

Re: Daily Market News by Xtreamforex.com

EUR/USD: Bullish above 1.0900 on ECB taper hints & softer USD

The EUR/USD pair stalled its recent bullish momentum in the Asian session this Wednesday, and now enters a phase of consolidation, after the bulls ran into the key resistance of 1.0950 levels.
The spot is trying to defend the bids near 1.0935 region at the moment, moving slightly away from five-month tops reached at 1.0951 in the US last session.
The Euro extended its rebound versus the American dollar on Tuesday, after the US dollar took the back seat across the board amid risk-on trades and doubts whether the Trump administration will actually provide details on the tax reform plans on Wednesday.
The spot also remains underpinned amid easing French election-related anxiety, as a Macron win appears to be full priced-in by markets, with most opinion polls showing about 60% support for Macron against 39% for the anti-EU candidate Le Pen.
Also, expectations of some hawkish hints from the ECB, with markets widely anticipating the central bank to resort to taper talks, adds to the recent bullish tone seen behind the major.
Nothing of relevance for the major in the day ahead, and hence, the US tax reform plans announcement will hog the limelight later in the NA session.

EUR/USD Technical Levels

Technical resistances for the pair are aligned at 1.0950/51 (psychological levels/ 5-month tops), 1.0968/71 (classic R1/ Fib R2) and finally 1.1000 (key resistance). On the flip side, the spot finds next support at 1.0909/00 (daily pivot), a break below that level could open the door to 1.0866/67 (5-DMA/ classic S1) and 1.0775 (10-DMA).

Find More Analysis @ https://www.xtreamforex.com/Education/

46

Re: Daily Market News by Xtreamforex.com

USD/JPY Forecast – May 11, 2017
The USD/JPY pair had a volatile session on Wednesday, as we bounced off the 113.50 level, and then finally managed to build up enough momentum to break above the 114 handle. It looks as if we are going to continue the uptrend, and that should send us looking for the longer-term target of the 115 handle. That’s an area that has been resistive on the longer-term charts, and I believe that if we can break above there, the market becomes more of a “buy-and-hold” type of proposition. Pullbacks currently should be buying opportunities, and I recognize that the market continues to favor the USD/JPY pair due to the overall “risk on” attitude of traders. The markets continue to find buyers on pullbacks, and I don’t think that’s going to change. I believe that the 115 level is such a large target for traders that it’s almost impossible to ignore.

Buying dips

I continue to think that buying dips on short-term charts will be the way going forward, as we are most certainly in a very bullish trend. If we break down below the 113.50 level, the market could then go looking for the 113 handle, but at that point I would expect a lot of support as well. Either way, I have no interest in shorting this market, and believe that the longer-term buyers have already reentered the market after the lows that we saw several months. If we do somehow break above the 115 handle, the market should then go to the 118 level after that. Going forward, I anticipate that there will be a lot of volatility, but a general positive attitude as the US dollar is favored over a lot of currencies around the world, and the Japanese yen of course will be any different.
https://www.xtreamforex.com/Education/usdjpy-forecast-may-11-2017/

47

Re: Daily Market News by Xtreamforex.com

EUR/USD SUPPORTED AT 1.2000 AHEAD OF EZ PMIS

DXY in doldrums
2017 highs of 1.2092 still in sight.
Manufacturing PMIs to dominate.
The EUR/USD pair extends its upside consolidative mode into Asia, now looking to retest three-month tops of 1.2030 levels ahead of the Euro area final manufacturing PMI releases.

EUR/USD: Bullish bias intact

Stepping into the New Year, the EUR/USD pair keeps its recent bullish momentum intact, as the US dollar remains broadly undermined on weaker Treasury yields, in the wake of expectations of the monetary policy convergence. Markets believe that the Fed could under-deliver on its rate hike expectations while the ECB could turn hawkish amid improving Eurozone economic prospects.

Valeria Bednarik, Chief Analyst at wrote, “The EUR/USD pair is not far from its 2017 multi-year high of 1.2092, and from a technical point of view, seems poised to extend its gains, despite these levels are highly uncomfortable for the ECB that fears a stronger currency will delay the progress towards their inflation target.”

Read more : http://www.xtreamacademy.com/forex-news/eur-usd-supported-1-2000-ahead-ez-pmis/

48

Re: Daily Market News by Xtreamforex.com

GBP/USD EYES SEPT 2017 HIGHS AHEAD OF UK CONSTRUCTION PMI


Strongest since mid-Sept 2017.
Further bullishness ahead.
The UK construction PMI – Up next.
The bulls weakened their grip in mid-Asia, allowing a brief phase of consolidation in the GBP/USD pair near four-month tops of 1.3605, as investors gear up for the UK construction PMI release.

GBP/USD: USD still remains the key driver

Amid risk-on trades seen in the Asian equities and positive oil prices, the spot remains better bid, largely unperturbed by a tepid broad-based US dollar recovery.  Markets switch their positions and prefer to hold the US currency heading into the key FOMC Dec meeting minutes.

Meanwhile, the pair appears to gather pace for a test of September 2017 highs reached at 1.3657, having surpassed the Dec tops of 1.3552 in the US last session. The recent upsurge in Cable was mainly driven by broad USD weakness while a lack of Brexit headlines (mostly seen as bad) also added to the upside risks in the pound.

Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-eyes-sept-2017-highs-ahead-uk-construction-pmi/

49

Re: Daily Market News by Xtreamforex.com

USD/JPY AIMS TO RETEST 113.0 AFTER FOMC MINUTES

Encouraging data out of the US, FOMC minutes lifts USD/JPY
USD/JPY technicals still suggests limited buying interest
USD/JPY has reached new session highs at the open of business in Tokyo, testing offers at 112.70 after the FOMC minutes/upbeat US data-induced rebound from Wednesday.

USD/JPY fueled by upbeat US data, FOMC minutes

As Valeria Bednarik, Chief Analyst at notes: “The USD/JPY pair advanced up to 112.57 this Thursday, as stronger-than-expected US data lifted the greenback against its Japanese rival, later fueled by the release of FOMC Minutes. Not that the document surprised investors, but after the release, US Treasury yields recovered the ground lost earlier on the day, helping the pair to extend its daily gains. ”

Read more : http://www.xtreamacademy.com/forex-news/usd-jpy-aims-retest-113-0-fomc-minutes/

50

Re: Daily Market News by Xtreamforex.com

BITCOIN AND ETHEREUM PRICE FORECAST – BTC CONTINUES STRONGLY, ETH ROCKETS THROUGH $1000

The BTC prices have slowed down considerably over the last month or so as the focus shifts to the ETH market
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The controlled nature of the moves in the bitcoin market are there for everyone to see. Ever since the introduction of the bitcoin futures around a month back, we have seen a large scale correction followed by some consolidation and now we are see some controlled uptrend, all signs of a mature market that is seeing the entry and playing of some large traders and investors. Ever since the futures were introduced, we had said that this was a seismic event in the growth of bitcoins and that it could change the way bitcoins are traded, forever. While it gave some additional credentials to the bitcoin industry, it also helped to draw in bigger players who would ensure that the market is kept under control.

Suggested Articles

Why Bitcoin Cash is Better than Bitcoin?
How to Buy Bitcoin Cash?
How to Short Bitcoin?

Read more : http://www.xtreamacademy.com/forex-forecast/bitcoin-ethereum-price-forecast-btc-continues-strongly-eth-rockets-1000/

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