AUD/USD refreshed weekly lows near 0.7160, as the sentiment around the Aussie dollar was hit by the latest report that the US-China trade talks could be delayed, in light of the US shutdown.
USD/JPY is enjoying some good two-way price-movements amid risk-off market profile, now looking to regain the 109 handle after having dipped briefly to 108.80 levels.
Despite no progress being seen for either the US government shut down or the US-China trade talks, Wall Street is continuing to grind its way higher. JP Morgan and Delta Airlines, both of which reported earnings yesterday, cautioned that the stand-off over funding in Washington would have a meaningful impact on their revenues.
SPECIAL YEARLY FORECAST
Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The market refuses to fall and configures a blow to the top
As if we were on a permanent "Groundhog Day," we are dawning today at the same levels that we have intermittently frequented since mid-December. Monday's "Bump" failed to secure the advances and went back yesterday to the first available support.
XRP/USD over the past six sessions, has been stuck within a daily range-block formation. The upper resistance can be observed from $0.34-0.35, with lower support seen at the $0.32 mark. There isn’t much in the way of major support, until south of $0.30.
Litecoin Price Analysis: LTC/USD holds gains of 2%; Litecoin foundation announces sponsoring UFC fighter
The Litecoin price was seen holding gains on Wednesday of 2%, however price action is still somewhat trading within a tight range. Upside is capped by resistance heading into the $33-34 area, LTC/USD has not been above this since 10th January. In terms of news flow, the Litecoin foundation following them partnering with...
The Bitcoin price is moving in a range-bound motion, within the confinements of a range-block formation. Vulnerabilities still point to further downside shocks, should the bears force a breach of the lower acting support. BTC/USD has not done anything to be frank, for the past six sessions now.
Central banks took center stage this week, but both leveling down
The common currency had a good week, or better said, the dollar had a terrible one. The EUR/USD pair aims to finish it with gains, having reached a fresh 3-month high of 1.1569, although still unable to clear a key resistance, the 23.6% retracement of its 2018 decline, as the pair has spent the last three days of the week battling with it.
The first challenge today will be the 1.2800
On the upside, lack of technical hot spots in our Confluence
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