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.
USD/JPY looking to complete correction
2019-11-11 • Updated
USD/JPY has been under pressure and still looks to complete the bearish correction that’s being held since last week. It can complete such move between the 111.64 and 110.79 level, which coincides with the 200 SMA at H4 chart and the Fibonacci levels of 50% and 61.8%. That area creates a demand zone where buyers could take advantage and take the pair to test the -23.6% Fibonacci retracement level around 115.83.
RSI indicator still supports the bearish corrective move, as it’s hovering around the negative territory.
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.
A comparative examination of the strength of the US-Dollar often gives tangible insight into the direction of Gold (XAUUSD). The chart above indicates the expectation of a bullish price reaction from the demand zone
The US Dollar has been remarkably sluggish for the past few weeks despite being within a distinct Demand zone. My expectation of a springing rebound off the demand zone has not exactly played out yet, however, the zone remains unbroken.
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances