The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
EUR/USD: bullish "Flag"
2019-11-11 • Updated
The price is consolidating between the levels 1.0774 – 1.0713. Also, there’s a bullish “Flag”, so the market is likely going to test the nearest resistance at 1.0797 – 1.0811. If a pullback from this area happens, there’ll be an opportunity to have another decline towards a support at 1.0754 – 1.0732.
We’ve got a consolidation, which is taking place on the one-hour chart. The main intraday target is the closest resistance at 1.0797 – 1.0811. However, if we see a pullback from these levels, bears will probably try to reach a support at 1.0754 – 1.0732.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.
Even though we've only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as "searching for support".