Topic: Market Analysis

[MelissaLiberson]

LTC is playing around 50-55 levels, and seems very unlikely to go anything far with serious uncertainty. It will be really very much hit and miss scenario as what we are required to do without direction. So better to avoid trading right now.

[MelissaLiberson]

BCH too seems very dull with no major movement. It’s highly unlikely that we will see anything dramatic in weeks to come, so it will not be a good idea to get into any sort of trading with this. It will be better just to watch from outside till clarity.

[MelissaLiberson]

EUR/JPY pair was bearish this week, as we saw the dip below 120 levels, it will be interesting to see where things go but with all the trends and situation, it is very much fair to say that we are looking at shorts to gain.

[MelissaLiberson]

AUD/USD pair was bullish before closing the week on negative mode. It’s highly likely that we will see mix trending ahead, so if we want to make good money, it will be sensible to go for tight risk/money management in order to gain.

[MelissaLiberson]

USD/CHF was super bullish this week as we saw the pair reaching near the 1.000 mark, but it closed inside it eventually. It will be good time for us to go for shorts but overall the trending is definitely bullish, so that is how it will be a sensible way to trade.

[MelissaLiberson]

USD/CAD was bullish this week as we saw the pair getting up nearly 150 pips, but overall the long term trend is mixed, so it could be a decent opportunity for one to go for shorts but must be done with strict risk/money management to be able to gain.

[MelissaLiberson]

BTC this week was mixed with moving near 7000 levels. It will be interesting where it heads next but with how things are going, it’s almost certain that we will see 8k mark crossed before the New Year comes. So this is ideal buying time.

[MelissaLiberson]

ETH continues to go down with it near 130 levels, it’s highly likely that we will witness it going high in major way, so it could be really good time to for trade for buy. But we need to be extremely careful with our approach to ensure it benefits.

[MelissaLiberson]

LTC was down badly near 35 levels, but has recovered decently to reach towards 40 levels. It’s highly likely that we will go near the 50 levels, so it can be a good time to go for buying but it needs to be done very carefully to benefit.

[MelissaLiberson]

BCH was down badly with going near 165 levels, it has recovered around 185 levels. But we are highly likely to see it go near 250 levels in coming days, so it will be good time to go for trade for buy here.