Litecoin hit a year low of around 8 last week, but a strong recovery meant yesterday morning price managed to hike up to 11.64. Unfortunately today hasn’t been a good day, and we’ve seen half of that hike wiped out in a matter of hours. Indeed, we’re most probably going to be seeing more losses in the next few […]
After last week’s minor collapse on Bitcoin following news from China, there’s been a decent recovery, with consolidation now coming in to play. Let’s take a closer look at the BTC/USD chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from the high at 465 to this month’s low at 342. A drop of […]
Peercoin’s recent hike wasn’t exactly expected, since we’re in the midst of a long term bearish trend, although things are just recently returning to “normal”. Let’s take a closer look at the PPC/USD chart below on the H4 timeframe(click to expand): I’ve performed the Fibonacci study from the low of April at 1.7 to the high of the […]
Litecoin is struggling to push below 11.1, for a number of reasons. 1) Examining the LTC/USD on the thirty minute chart: Then performing our Fibonacci study from the low of the 7th till its high, reveals a key Fibonacci level, in this case the 161.8% extension at 11.1. Price has tested this line a few times over […]
Dow and Nikkei Stock Market TopsStock-Markets / Stock Markets 2014Apr 08, 2014 – 01:27 PM GMTBy: Dan_Stinson
Nikkei top and relationship with the DOW – UPDATE – DOW wave (5) top and Nikkei wave (2) topWe issued a newsletter on Feb 17th discussing the possible relationship between the Nikkei and the DOW. The newsletter included charts to […]
Morning technical analysis – 7 April 2014April 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking a little more bullish this morning, having found strong support on Friday around 1.3663, the 61.8% retracement of the move from 3 February lows to 13 March highs. The failure the break below this level could be a sign that the correction […]
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After yesterday’s slump, Peercoin appears to have settled, with some consolidation taking place over the past eighteen hours, but we could see further bullish retests of a certain Fib level later today. Let’s take a closer look at the PPC/USD hourly chart below (click to expand): I’ve performed the Fibonacci study from the high of the month (on […]
As predicted, Namecoin dropped to the first Fibonacci extension today, before rising to a key Fib retracement level. We will need to take a look at different timeframes to get a clearer picture of recent happenings. Firstly, let’s check out the NMC/USD Daily chart I posted yesterday: In yesterday’s analysis, I mentioned, “I’ve performed the Fibonacci study from the […]
Morning technical analysis – 3 April 2014April 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro was looking a little more bullish against the dollar at the start of the week, following the bounce of the 50-day SMA and 50 fib level, 3 February lows to 13 March highs. We’d also seen divergence at this level which made it look […]
