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EURCHF (EURO / SWISS FRANC) - BUYYes there is buy opportunity in EURCHF. EURCHF is in down trend and over bought situation. You can see it in stochastic indicator as well. This is gives us a one confirmation to go for buy option. And there is a strong support in 1.08369 and we can see that there is an inverted candle where end of the chart and that also in over sold area, and its on a real good support. so if you consider those all there is a buy opportunity in EURCHF. Special note: We can call this trade as a countertrend trade, kind of a swing trading strategy. Coz trend will reverse from this place for certain period and keep continue the major trend. Trade at your own risk and this analysis not based on fundamentals. Like and comment on us. Follow us on Telegram - @theturningpoint
Long
by TuanMSallay
1
What Next for BITCOIN?So what next for Bitcoin. The chart has been stuck in a descending triangle pattern from June of this year, posting lower highs and equal lows. It appeared to be only a matter of time before a break to the downside. After a significant break during yesterdays session, sellers could begin to pick up. Looking at the chart a pullback to support followed by further downside appears to be the logical position at this time. And targets? Levels in question now lie around 7423 as next support so we are expecting further downside yet to come!
COINBASE:BTCUSDShort
by Orion-Markets
Bitcoin and other cryptocurrencies on WednesdayIn 10 years since the most well-known cryptocurrency came to existence, the digital currency market revolutionized the understanding of currencies. Bitcoin, as well as Ethereum, Litecoin, and others, significantly affected the traditional financial institutions. People from all over the world are using digital currencies even for everyday tasks. Everything has its advantages and disadvantages, the digital currencies are not an exception. The popularity made them more vulnerable to market instability. It means that every time the price of Bitcoin falls, this news affects the mood of the cryptocurrency owners . However, is typical situation for Digital as well as fiat currencies. However, there is no need to start selling Bitcoin’s as the price most likely will become higher in several days or even hours. The good news for people who are willing to invest in the cryptocurrency came from Argentina. Huobi Group made the decision to open the digital currency exchange in the country. It is important to mention that Singapore based crypto and blockchain company Huobi Group will offer its service in Argentina. The CEO of Huobi Argentina Carlos Banfi stated that Argentina has a huge potential when it comes to the cryptocurrencies. The Huobi Group continues to expand as before announcing this decision, it obtained license in Thailand. This happened in July when it received permission to operate a fully-regulated digital currency exchange. Huobi Thailand will become operational in the third quarter of this year. Cryptocurrencies on September 18Digital currency news Bitcoin is the biggest digital currency in terms of market capitalization. It means that crypto investors and analysts pay more attention to this cryptocurrency. Bitcoin experienced problems for the last couple of days. Bitcoin’s price is $10,128. Litecoin’s price is $76.06 Ethereum strengthened its position after surpassing the $200 level. At the moment, Ethereum’s price is $211.
COINBASE:BTCUSD
by Financebroker
Indian lawmakers and digital currenciesIndia has the second-largest population in the world with more than 1 billion citizens. India also has one of the largest in the world. It means that the country has a huge potential when it comes to digital currencies. It is worth mentioning that India established itself as one of the world’s best technology hubs. All of the reason mentioned above creates favorable conditions for cryptocurrencies. Nevertheless, one issue can derail the plans of local as well as international investors to develop the digital currency market in India. Governmental and private organizations have different ideas about crypto regulations. The lack of proper regulations is often cited as a serious drawback of the digital currencies. Governments around the globe are trying to find the solution which will satisfy all sides. This is a huge issue, and no one should expect that it will become obsolete any time soon. The Indian government is not an exception. However, the draft legislation can seriously affect Indian companies and individuals. This law will make the Indian markets less attractive to the crypto owners. According to the draft, legislation person can receive a 10-year prison sentence for crypto mining. Other illegal activities included in the list are buying or selling cryptocurrencies and other activities associated with the digital currencies. As mentioned above this law will practically criminalize this emerging market. Nischal Shetty is the CEO of the cryptocurrency exchange WazirX. He said more than 5 million Indians own digital currencies. It means that all of them will have to get rid of their assets. Indian lawmakers should reject this law as it will jeopardize the freedom of millions of its citizens. Digital currencies on September 17Indian lawmakers and Bitcoin Bitcoin was unable to hold the momentum, and its price fell to $10.100. There is a chance that the price of Bitcoin may even fall below $10,000. Ethereum, on the contrary, is on the rise. Its price is $197.86. It means that it is very close to surpassing the $200. If it is going to break the resistance level price may even reach $205 or more. Last but not least is the news connected with another digital currency which is the Litecoin. At the moment Litecoin’s price is more than $72, more precisely $72.69. It is in the interests of the Indian government to develop the digital currency market. The price of Bitcoin remains above $10,000 on Tuesday.
COINBASE:BTCUSD
by Financebroker
GBPDKK: Sell opportunity for the medium term.The pair has been rising aggressively (1D RSI = 64.189) since early August and the Double Bottom formation on the 8.0000 1M Support. It is approaching the 1W Resistance (8.5000) but the 1D MA200 (orange line) is already applying selling pressure, similarly to what it did on September 2017 after the last rebound on the 1M SUpport. With 1W still neutral (RSI = 52.606, ADX = 43.327, MACD = -0.040, Highs/Lows = 0.08030) we expect this Resistance to hold on the medium term and trade sideways within that and the 8.2570 1D Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDCRC pair is set for a recoveryAfter testing the bottom of the wedge around 562.5 colones it makes total sense that it will get started in its recovery. One year ago around August 20th the level was about the same, this has been a common pattern to end the year. The reason behind this has to do with a increase in purchases and more money flooding the economy as the year ends. Many company owners that pay in USD need to get more USD in order to pay their employees. The government also makes the loan payments from international lenders and that also pushes the price up. The fiscal year ends in September and that is also part of why there is more money in the government hands and so the pressure to buy USD is higher. I do not really think the price will go any where lower than this and so its the perfect time to get myself some cheap USD to make some payments for the end of the year.
by raserrano
GBPUSD: Recurring 4H bearish formation.The pair has been trading within a 1D Channel Down (RSI = 43.598, MACD = -0.004, Highs/Lows = 0.0000) since May that has been providing clear Sell (via Lower Highs) and Buy (via Lower Lows) opportunities. 4H is about to print a recurring bearish formation (Golden Cross into Death Cross) within the Channel Down pattern that has been a strong sell signal. We are taking this sell opportunity with TP = 1.2020 and 1.1700 in extension (if the price breaks below the Channel Down median (dashed line)). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURNZD ShortGuys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star confirmation, so what next? My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB. First target: 1.7321(crucial level for the pair). Second target: 1.7219
Short
by ronizfx
EURUSD: Currently Long. Buy/ Sell plan for the next 2 months.EURUSD has been trading within a long term 1M Channel Down (RSI = 39.455, MACD = -0.006, Highs/Lows = -0.0201) since mid-2018. This has been providing very clear buy (on its Lower Lows) and sell (on its Lower Highs) signals. The inner Channel Down on 1W currently has the Sell Zone below 1.12800 and 1M the Buy Zone within 1.1025 - 1.0935. Notice how the price always touches the 1D MA50 after a Lower Low. Our projections show that from now on the 1D MA200 will determine the Lower Highs and based on a previous identical sequence (September 20th - November 12th 2018) the next one is expected to be on the 0.618 Fibonacci retracement level. We are currently closer to the Buy Zone so our position is long, TP = 1.12000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
4