Topic: Market Analysis

[MelissaLiberson]

AUD/CHF: AUD is gaining continuously while the Fra is acting bearish and next week is RBA rate decision week so the price will go more up next week. AUD/CHF was up 2.61% to 0.7072 late Friday, having recovered from the lows of 0.6072 struck in the previous session.

[MelissaLiberson]

BTC/USD was on the down side during the week, as we saw it pull under the 9000 levels. It will be interesting to see where things move with overall trending still hinting at the bullish move. So it could be a good opportunity to go for buy here.

[MelissaLiberson]

ETH/USD was bearish during the last week and it is very much likely that we will witness similar trending ahead too, so it will be interesting to see where it all leads. It will be good time to go for short term trade for buying with current scenario.

[MelissaLiberson]

LTC/USD had a weird flash crash this month and overall trend moving downside, it won’t be a greatest idea to do anything right now until there is clarity with things. So we could go for the long term trade if we want for safety.

[MelissaLiberson]

XRP/USD was bearish during the week with it running down non-stop like most of the Cryptos. It is highly likely that we will witness similar trending ahead too, so we should be very careful with making the step for trading on this.

[MelissaLiberson]

BTC/USD: In an hourly chart BTC remains the same level where last day it went a bit high from 9100 to 9700 USD but right now it is moving at 9600 levels so if the price goes up then next resistance will be 10K USD and if it crosses then 10550 levels.

[MelissaLiberson]

ETH/USD: On the hourly chart, ETH is just moving uptrend only though last hour it made some price correction but now its only bullish trend where moving around 286 USD for each ETH.  If we do a bit fundamental analysis then we will find that people are only involving in crypto now and that indicate just uptrend movement.

[MelissaLiberson]

BCH/USD: After completing last days' massive uptrend now this pair is remaining at a specific range where in 30 minutes chart it is going 285 and then 281 but as it is on the positive trend then might go to 300 level within a very short time.

[MelissaLiberson]

XRP/USD: If we take a look at the H4 chart then we will find a bit shart bullish trend though in the morning this pair went for the minus trend after some hour it recovers the prices so at the moment when I am writing XRP is rounding at 0.20 level and investors are hoping more uptrend this week.

[MelissaLiberson]

EUR/USD: in a weekly chart EUR is gained a bit but made some corrections from the previous 2 weeks. However last week it went 1.1856 and at the end of the day, it made some corrections where the price range was .11834 but still EUR is in high demand so it might touch 1.1900 next week.