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Bitcoin broke out of a major consolidation zone yesterday but the bulls have gone missing. The news that the SEC rejected the Bitwise ETF may have soured the mood. Now the price is still above the value area represented on the right-hand side of the chart. This is still a bullish signal and a retestContinue reading “Dollar secures top spot as Monday forex markets trading begins”

The price of Gold has been capped ahead of the key $1,520 target on a reverse in sentiment surrounding trade talks. Gold has dropped to a low of $1,491.77 and was down over 1% at one stage following optimistic trade talk headlines. Gold is currently trading at $1497.85, -0.91% at the time of writing. GoldContinue reading “Slow day in forex markets as Thanksgiving draws to a closeSlow day in forex markets as Thanksgiving draws to a closeSlow day in forex markets as Thanksgiving draws to a close”

West Texas Intermediate crude on a spot basis has climbed to a high of $53.52 from a low of $51.39 in a 4% move on the daily candle. The conflicting headlines over US/Sino trade talks have provided two-way business across the global financial and commodity markets. Specifically, the headlines have parsed fundamentals such as OPEC’sContinue reading “Major pairings preparing for final rush to yearend”

before that level some resistance is expected at 135.00. On the flip side, the 20-day moving average at 133.05/10 is now a relevant support followed by 132.20.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market,Continue reading “Federal Reserve boss speech keeps dollar muted in forex marketsFederal Reserve boss speech keeps dollar muted in forex marketsFederal Reserve boss speech keeps dollar muted in forex markets”

The GBP/JPY pair looks unstoppable as it continues to rise. So far today it gained more than 300 pips, reaching the highest level in two weeks at 134.54. The pair was already trading higher on the back of a decline of the Japanese Yen across the board amid an improvement in in risk sentiment asContinue reading “Dollar hesitates as US-China meeting set to rock forex marketsDollar hesitates as US-China meeting set to rock forex marketsDollar hesitates as US-China meeting set to rock forex markets”