EURJPY: Weakens, Threatens Move Towards The 128.79 Area

EURJPY: The pair looks to weaken further leaving risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50...

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CRUDE OIL: Sees Further Upside, Eyes The 70.41 Region

CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above...

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Ethereum (ETH) Daily Price Forecast – August 30

ETH/USD Medium-term Trend: Rang: Ranging Resistance Levels: $330, $340, $350 Support Levels: $300, $290, $280 Yesterday, August 29th, the price of Ethereum was in a bullish trend. The ETH price was unable to reach and break the upper level of a price range. The cryptocurrency reached the high of $297.53 and later fell to the low of $284.02. The price of Ethereum is range bound between the levels of $260 and $320 since August...

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It's time to travel the world through Cryptocurrencies

In the 19th century, French novelist Jules Verne wrote of the adventures of Phileas Fogg in Around the World in Eighty Days – now, in the 21st century, the updated tale may well be Around the World in Forty Cryptocurrencies. The site’s ease of use and global reach, united with its flexible cryptocurrency prices, has meant that numerous cryptocurrency investors are at present flocking to the site to enjoy a well-deserved break...

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Litecoin (LTC) Daily Price Forecast – August 27

LTC/USD Medium-term Trend: Ranging Resistance Levels: $70, $75, $80 Support Levels: $60, $55, $50 Last week the LTC price was in a sideways trend. The digital currency fluctuates between the resistance level at $60 and the support level at $50. However, On August 22nd, the price of Litecoin reached the high of $59.43 and price pullback to the low of $56.21. The digital currency had been ranging below and above the price $56.21....

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Bitcoin (BTC) Daily Price Forecast – August 23

BTC/USD Medium-term Trend: Ranging Resistance levels: $6,500, $6,600, $6,700 Support levels: $6,300, $6,200, $6,100 Yesterday, August 22, the price of Bitcoin was in a sideways trend. The BTC price fell while in a sideways trend. The cryptocurrency fell to its previous range-bound levels of $6,600 and $ 6,000. Yesterday, the BTC price reached the high of $6,880.72 and price pullback to the low of $6,303.65. Today, the BTC...

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Ethereum (ETH) Daily Price Forecast – August 20

ETH/USD Medium-term Trend: Ranging Resistance Levels: $310, $320, $330 Support Levels: $280, $270, $260 The price Ethereum was in a sideways trend. In the last one week, the ETH price was fluctuating between the levels $290.99 and 319.17. The price of Ethereum has been quiet in the last four days. Today, the cryptocurrency is likely to continue its range bound movement. Meanwhile, the MACD line and the signal line are at...

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AUDUSD: Remains Bullish On Correction

AUDUSD. The pair looks to strengthen further after closing higher on Thursday. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. On the upside, resistance lies at the 0.7250 level. A cut through here will turn attention to the 0.7300 level and then...

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Litecoin (LTC) Daily Price Forecast – August 16

LTC/USD Medium-term Trend: Ranging Resistance Levels: $58, $59, $60 Support Levels: $54, $53, $52 Yesterday, August 15th, the LTC price was in a bullish trend. The digital currencies rose from the low of $51.05 to the high of $58.73. However, the LTC price was resisted and the price fell to the low of $55.90. Since on August 12, the price of Litecoin has been fluctuating between the levels of $60 and $50. Today, the LTC price...

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USDJPY: Sees Further Recovery Higher

USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level....

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Bitcoin (BTC) Daily Price Forecast – August 13

BTC/USD Medium-term Trend: Ranging Resistance Levels: $6,500, $6,600, $6,700 Support levels: $6,100, $6,000, $5,900 Last week the overall trend of Bitcoin was bearish. The price of Bitcoin was above the $7,000 price level. The bears broke the $7,000 price level and were approaching the $6,000 price level. The assumption last week was that price is not likely to break the support level at $6,000. One of the reasons is that...

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Why a risk reward ratio is best for Forex Trading?

Consistency is key when it comes to any style of forex trading. Maintaining a proper risk to reward ratio is critical. Most people suggest a 2:1 risk reward ratio, but in reality a properly executed 1:1 risk reward ratio makes more sense. You can read about this here: https://www.timelinx.org/blog/why-a-...-forex-trading Why a risk reward ratio is best for Forex Tradin...

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EURUSD: Bearish, Targets Further Downside

EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies...

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Ethereum (ETH) Daily Price Forecast – August 9

ETH/USD Medium-term Trend: Bearish Resistance Levels: $380, $390, $400 Support Levels: $350, $340, $330 Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows...

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Litecoin (LTC) Daily Price Forecast – August 6

LTC/USD Medium-term Trend: Bullish Resistance Levels: $75, $76, $77 Support Levels: $70, $69, $68 Last week, the price of Litecoin was in a sideways trend fluctuating between the levels $91 and $74. On August 4th, the LTC price broke the support level at $74. LTC price is out of the range-bound zone. Today, the LTC price has fallen to the low of $72.88 and had commenced a bullish movement. The cryptocurrency is now targeting...

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EURUSD: Bearish, Retains Downside Pressure

EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the...

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Bitcoin (BTC) Daily Price Forecast – August 2

BTC/USD Medium-term Trend: Bearish Resistance levels: $7,700, $7,800, $7,900 Support levels: $7,500, $7,400, $7,300 Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, the MACD line and the signal line are below the zero line which indicates a sell...

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