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Showing posts from July, 2017

USD/CAD technical analysis 30-7

Usdcad has lost over 1000 pips over the last few weeks. Maybe it has paused for a while and recover to test the trend line shown in the below chart whih may be around 1.26 and the 200 MA lies at 1.2540 ... So you can jump in selling again at this area targeting 1.2460 and 1.2380..

Eur/usd technical analysis 30-7

Euro has been rallying since the winning of macron over le pen . Closing above 1.0780$ then cleared the path for eurusd to 1.14$ and then tackling it to reach 1.1770$ so far. Would we see any retracement for the pair anytime soon? You can not tell and going against the trend will always put you in bad positions . So , technically euro would find support at 1.1703$ followed by 200 MA on the hourly chart which currently lies at 1.1650$ followed by the famous 1.1580$ On the other side , next resistance lies at 1.1740$ , followed by 1.1770$ and then multi year low 1.1860$ Fundamentally speaking ,the eurozone is still recovering and the pair is trading at fair value .

Natural gas will be the new oil

The crisis in the middle east may be driven by natural gas after all not the financing of terrorist groups. Qatar has been blockaded by saudia arabia , emirates , bahrain and Egypt for financing terrorist groups in the middle east and sponsoring terrorism worldwide. However , qatar has refused a 13 point "demands" list provided by the coalition to restore relationship. There is a hidden force and interests which play major role in this crisis. Qatar and iran so far hold the largest percentage of the global reserve of natural gas . Largest natural gas field in qatar is jointly operated by Iran and both hold 31% of natural gas global reserve. Iran is an ally of russia , russia is an ally of china , so these 4 countries together hold about 51% of the global reserve. Qatar is the second biggest exporter after russia , natural gas is proving itself to be the source of energy for the future. Natural gas is clean and environment friendly and it is more efficient and might be taki

bitshares technical analysis and forecast

BTS/BTC is currently trading at 0.00008423 on poloniex exchange platform. The Pair is just sliding below 200 SMA and 200 EMA. Next area of support for the pair is around .00006900 , The pair is supported by a rising trend line and will probably retest the area of 0.00012000. Bitshares has a circulating supply of 2,596,520,000 BTS and it is traded actively on poloniex and bittrex which are very trusted exchanges. Built using the latest in industry research, BitShares 2.0 offers a stack of financial services including exchange and banking on a blockchain. Reference : https://bitshares.org/

EUR/GBP technical analysis and forecast

EUR/GBP has broken the bearish trendline as per daily chart below and has been booking gains and consolidating since then. However , I don't recommend going long at the current area , I would like to wait for a test of thew rising trendline and the might be the crossing of both trendlines and go long at that area . However , If we see a break of the Rising trendline , We will have all the way down to 0.8080 area before resumption of further move upwards. The pair might test the trendline around the area of 0.8540 , Keep an eye on that area and behavior of the pair for indication of future movement. Make sure to follow me on twitter @b4borio and feel free to contact me anytime.

Ripple technical analysis 1/7/2017

Ripple (XRP) is currently consolidating against bitcoin (.00010040) area , A daily close above .00011000 will clear the path for XRP to make further gains and target .00014 level and above. XRP/BTC is still trading below the 200 SMA and EMA , However it is supported by the lower bandwidth of bollinger bands and it is in a consolidation phase before resuming its rally. Ripple block-chain technology which helps banks and financial institutions make fast international transfer in just few seconds has partnered with both Japanese and Thailand banks this week,. That partnership may help be a catalyst for a further rally to break 1$ and above in the coming month.