Topic: Market Analysis

[MelissaLiberson]

USD/JPY had a mixed time with the Coronavirus reducing dollar to pieces. We have seen it move upto 108 levels. But there is just too much uncertainty right now to make any trades for long term. So all should be done with short measurements.

[MelissaLiberson]

EUR/JPY had mixed time due to the Coronavirus threat in both countries, it’s highly likely to remain such and that’s why no long term trade seems to be pulling up. It will be sensible only to go for short trades until the panic stops.

[Samker]

Hi ML & Thanks for the Heads-Up about current market trends.

 

[MelissaLiberson]

BTC/USD had a very rough start to the week as we saw it go below 7k again. Right now, it’s very much likely that we will witness growth again but whether it can sustain or not is going to be the major question in long run. So right now pretty mixed story.

[MelissaLiberson]

ETH/USD dropped after gaining in recent weeks but it could only be temporary as long term story still is showing for higher growth. It will be interesting to see if it can move back upside. It will be good time to go for buying with some carefulness.

[MelissaLiberson]

LTC/USD too dropped much like other Cryptos and is back at 40 mark. It is likely that we will witness the growth again in next few weeks but whether it can cross 50 levels or not is going to be the major thing to look at.

[MelissaLiberson]

BCH/USD saw a noticeable drop first time since last few weeks. It’s highly likely that we will witness similar pattern in following weeks but we can also witness growth, so this is not the time to go for long term trade. It’s better that we go for short term approach, as that will lead us to best outcome.

[MelissaLiberson]

EUR/USD: This pair remains neutral today but looks uptrend. Starting the day it's staying near 1.1100 and in a daily the chart we can see two months high and if the trend goes positively then it will cross the 1.1200 level today.

[MelissaLiberson]

GBP/USD: In an hourly chart this pair gaining its correction moment and at the moment when I am writing its price the range is around 1.2310 level where investors are looking more bullish trend for this pair.

[MelissaLiberson]

GBP/JPY:  This pair looks bearish trend in a hourly chart and may continue to 129 level for the end of the week.  Last hour it traded on 132.40 and slowing it lost its price due to last day Brexit negative news.