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20 October 2018

Below you can find our 20 October 2018 posts archive, organized chronologically.
  • Crypto00 567

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 20/10/18

    It’s a mixed start to the day, with the market laggards needing to catch up to avoid weighing on the early weekend front runners.

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  • AUD/USD daily chart, October 22, 2018

    AUD/USD Price Forecast – Australian dollar shoots higher on Friday

    The Australian dollar rallied significantly during the day on Friday but continues to see a significant amount of resistance near the 0.7150 level. Because of this, the upside I think is still a bit, and I am a bit hesitant to get overly excited about going long of this pair, even though I could potentially see this market going all the way to the 0.72 handle above.

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  • EUR/USD daily chart, October 22, 2018

    EUR/USD Price Forecast – Euro traders looking for a bottom

    The Euro fell over the last several days, but Friday looks like it is offering a glimmer of hope. Perhaps the pair is starting to find a bottom near the 1.1450 handle.

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  • GBP/JPY daily chart, October 22, 2018

    GBP/JPY Price Forecast – British pound showing signs of life to end the week

    The British pound bounced a bit against the Japanese yen to end the week, and as I record this we are testing the one ¥46.50 level. This is an area that was a significant resistance months ago, and support recently. It’ll be interesting to see what happens next.

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  • GBP/USD daily chart, October 22, 2018

    GBP/USD Price Forecast – British pound bounces on Friday

    The British pound bounced during the day on Friday after significant selling this week. However, the one thing that I find most interesting about this is that the bounce is from the 1.30 level, an area that is crucial from a technical standpoint.

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  • USD/JPY daily chart, October 22, 2018

    USD/JPY Price Forecast – US dollar continues to form a base against yen

    The US dollar continues to grind around against the Japanese yen, as it looks like we are trying to form a base for longer-term move. There has been a lot of technical damage, but at this point it looks as if the buyers are starting to flex their muscles again.

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  • Bitcoin 3

    Bitcoin – Bears Eye $6,400 Levels as Negative Bias Lingers

    Bitcoin makes minor gains early on, though the bulls are going to need to make a move early in the weekend to avoid a reversal of the week’s gains.

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  • Gold daily chart, October 22, 2018

    Gold Price Forecast – Gold markets holds steady on Friday

    Gold markets were rather quiet on Friday as traders start to look towards the weekend. We have recently seen a significant move to the upside on the chart, and at this higher-level it looks like we are simply trying to digest some of the recent explosive gains.

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  • Natural gas daily chart, October 22, 2018

    Natural Gas Price Forecast – natural gas markets slam into resistance on Friday

    Natural gas markets shot higher during the day on Friday but ran into a buzz saw of resistance at the $3.25 level. This is an area that looks to be somewhat important, at least from a shorter-term perspective and needless to say we are at elevated levels currently.

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  • Crude Oil daily chart, October 22, 2018

    Crude oil Price Forecast – crude oil markets try to recover on Friday

    The crude oil markets bounced a bit during the day on Friday, showing signs of life. We have been beaten down rather drastically during the last several days, and we are starting to approach serious value areas.

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  • Silver daily chart, October 22, 2018

    Silver Price Forecast – Silver markets volatile during the trading session on Friday

    The silver market rallied significantly during the day on Friday, breaking above the $14.70 level, but then pulling back later in the day. At this point, silver continues to move with the US dollar, so pay attention to it.

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  • S & P 500 daily chart, October 22, 2018

    S&P 500 Price Forecast – S&P 500 rallies to kick off the weekend

    The S&P 500 rallied on Wednesday, testing the 2800 level. This is an area that was the beginning of rather significant resistance though, so we struggled to break above it. The question now is whether or not we can take it back?

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  • EUR/USD weekly chart, October 22, 2018

    EUR/USD Weekly Price Forecast – Euro looking for a bottom

    The Euro is looking for a bottom on the longer-term charts, and as you can see on the accompanying chart, I have a yellow circle around the massive hammer underneath the 1.1450 level. That’s an area that I think continues to hold this market up, so this point I would expect a bit of a bounce.

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  • GBP/JPY weekly chart, October 22, 2018

    GBP/JPY Weekly Price Forecast – British pound neutral against yen

    It’s been a wild week, but it looks like we are going to close the GBP/JPY pair relatively flat which of course is a victory after the massive selloff last week.

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  • GBP/USD weekly chart, October 22, 2018

    GBP/USD Weekly Price Forecast – British pound continues to be very messy

    The British pound continues to be very messy overall, forming a bit of a shooting star during the week, but quite frankly we are just simply bouncing around between the 1.30 level and the bottom, and the 1.3250 level in the top. This makes perfect sense considering everything that’s going on though.

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  • USD/JPY weekly chart, October 22, 2018

    USD/JPY Weekly Price Forecast – US dollar finding support

    The US dollar has found significant support at the 61.8% Fibonacci retracement level, near the ¥111.50 level. This is a market that has been in a strong uptrend for some time, and it now looks as if that is trying to continue.

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  • Gold weekly chart, October 22, 2018

    Gold Weekly Price Forecast – Gold markets rally for the week

    Gold markets rallied a bit for the week, as we have cleared the recent consolidation and it now looks like the rally is going to continue. The $1250 level above looks to be rather resistive and perhaps a nice target for the time being.

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  • Natural gas weekly chart, October 22, 2018

    Natural Gas Weekly Price Forecast – natural gas ends the week somewhat flat

    The natural gas markets have gone back and forth in while trading during the week, as we are essentially neutral at this point. At this juncture, it looks as if we are getting a bit ahead of ourselves, and the previous shooting star of course has me looking at a potential pullback.

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  • Crude Oil weekly chart, October 22, 2018

    Crude Oil Weekly Price Forecast – Crude oil markets have another rough week

    Crude oil markets fell again during the week, breaking through some technical barriers but we also have support just below. I think the next weekly candle is going to be crucial for the market, so therefore it’s likely to be an interesting few days ahead of us.

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  • Silver weekly chart, October 22, 2018

    Silver Weekly Price Forecast – Silver holds steady for the week

    Silver markets went back and forth during the week, forming a bit of a neutral candle. This is a good sign though, because we are trying to form a bit of a base in the silver market. Ultimately, I believe that we will break out, but it’s going to take a bit of grinding sideways before doing so.

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  • S & P 500 weekly chart, October 22, 2018

    S&P 500 Weekly Price Forecast – stock markets stabilize

    The stock markets overall stabilized in America during the week after the brutal selloff that we have seen. While we have not shown a lot of bullish pressure, we haven’t fallen any further either, which of course is crucial.

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  • Stocks Buy Sell Dice

    Stocks Mostly Mixed, but Dow Finishes Week Higher

    Proctor & Gamble surged after reporting better-than-expected earnings. The company said it got a boost from strong beauty-product sales. A report from the National Association of Realtors showed on Friday that U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.

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  • Crypt-ON: DAO Dream Becomes Reality

    Most crypto community members are familiar with the idea of creating a DAO. However, we haven’t yet seen an example of creating a fully functional DAO

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  • US Economy

    Treasury Yields Finish Week Higher Underpinned by Hawkish Fed Minutes

    The Fed minutes showed policymakers were confident in the current path of interest rate hikes, saying that a series of gradual rate hikes was the correct strategy in helping to maintain a stable economy. The minutes also showed central bankers were wary of “excesses” in financial markets.

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    USD/JPY Rises on Hawkish Fed, Easing of Safe Haven Buying, Dovish Koroda

    As easing of tensions in the U.S. stock market and higher U.S. Treasury yields helped the Dollar/Yen close higher last week. The previous week’s stock market volatility led to the dumping of risky assets and the buying of the safe haven Japanese Yen. This week, stock market volatility eased somewhat, allowing Treasury yields to challenge multi-year highs once again. This encouraged investors to take profits in Japanese Yen positions they had bought the previous week.

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