Much of this weeks news reports have been ineffective with regards to market movement in all currencies. This is due this friday's Canada and the US unemployment reports. Wait it out, untill investors are sure about where to move money. It is best to stay away from the markets - especially today, as there are no significant news today
There has been no significant support level - for the past several hours, because of the price chart continuously consolidating in a thin, narrow price range which is building up to a Bearish nose dive.
USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037,...
the EURUSD has been trying, for the past couple of days, to break above the $1.12656 price sealing and unfortunately the Bulls have run out of Stream. The price chart is currently stuck in a trading range as now the Selling power is mounting over Buying power. The pivotal price level is $1.11875 and all Alerts are on this breakout!
Bitcoin is finally breaking out of the $389.90 pit - My alert has been dying to go off. The breaking out Hour is late but its enough to make today a good day. This is the opportunity, for the guys, to recover last weeks losses.
Your confidence will blind you into thinking that the Bulls will shortly have a run for it. $329.91 is a recent and most yet crucial price point still to announce the Bulls voctory. Its best we Lay back and let the Pawns trade first.
After how long we had waited for our 'bread winner' ETHUSD to let us in, on the right signals to enter, and start this Monday morning on the green - the markets decides to consolidate under $191.18 bringing us back to the bears trivial losses. The price is tested but i would not enter until i see enough Bulls charge up a slope.
If prices do not return back to $330.80 expect Bullish Rockets tomorrow north of 4am (UCT+2). Thank God we get to see the end of this past week's channel trading. Earlier on today around 2PM (UCT+2) a Bullish Rocket lauch failure must have got most traders stuck in a trading disaster but have no Fear $385.90 has been tried and tested prior to BCH recent price drop.
We see yet another pull back, with the bulls slowly climbing slopes without traces of considerate HHs ; Prices will linger near $192.15, and between $178.22 and $192.15 much of this past week's unstable tendencies have seized and 5AM (UCT+2) is the time for Roosters to get on the Bulls back and RIDE.
This post is a forecast to monday morning's price action. BCHUSD has been consolidating for some time, $ 379.00, now and after Saturday's bullish attempt, we can certain to expect some ACTION - perhaps maybe at 5AM (UCT+2)
Prices have been behaving, for the past couple of days, around 169.00 price point.
169.00 is a pivotal S/R level that the market will SOON respect and fall under to its original price range.
