Monthly Archives: July 2018

Charts of the Week (30 July 2018)

SGD/JPY Weekly Candlesticks & Ichimoku Chart Fundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart. […]

Cryptocurrency News Update (30 July 2018)

Iran is planning to launch its own cryptocurrency: Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions. The Iranian government said in April that it had developed an experimental domestic cryptocurrency. With the U.S. having since pulled out of the Iran nuclear deal and […]

Cryptocurrency News Update (27 July 2018)

Coinbase finds no insider trading of Bitcoin Cash: Coinbase, the biggest U.S. cryptocurrency exchange, launched an inquiry last December into whether its employees engaged in improper trading related to the digital currency known as Bitcoin Cash. The company has wrapped up the investigation and concluded no wrongdoing took place. Bitwise files with SEC to launch […]

Charts of the Week (23 Jul 2018)

GBP/USD Weekly Candlesticks & Ichimoku Chart With GBP/USD piercing below the bottom of the weekly Ichimoku cloud, the long term downtrend has resumed. With the technical and fundamental outlook both pointing in the same direction, the lows of 1.2000 are likely to be revisited unless something changes dramatically in time to come.   GBP/EUR Weekly Candlesticks […]

Charts of the Week (16 July 2018)

EUR/USD Daily Candlesticks & Ichimoku Chart  Shorting EUR/USD against the bottom of the ichimoku cloud does seem like a good risk/reward trade based on the charts   Nasdaq (IXIC) Weekly Candlesticks & Ichimoku Chart Tech stocks continue to grind higher despite the trade war and other uncertainties. It is a relentless trend.   Vee, our […]

Charts of the Week (9 July 2018)

USD/MXN Weekly Candlesticks & Ichimoku Chart USD/MXN is trying to break through the bottom of the weekly Ichimoku cloud. With the possible improvement of a working relationship between the new Mexican president and Trump, the fundamentals are also reaffirming what the technicals are indicating. A close below the cloud will be a good indicator that […]

Charts of the Week (2 July 2018)

NASDAQ Weekly Candlesticks & Ichimoku Chart At the halfway mark of 2018, Nasdaq still looks to be in a long term uptrend despite higher volatility and a more uncertain macro environment. Is Trump’s trade war enough to stop this trend?   Dollar Index (DXY) Weekly Candlesticks & Ichimoku Chart The USD index is testing the […]