Litecoin Hard Fork Produces Litecoin Cash

Litecoin Price (LTC) News and Talking Points – Litecoin (LTC) hard fork and a new Litecoin Cash (LCC) token. – Litecoin (LTC) needs to hold above chart support at $ 211 to push further ahead. Litecoin Hard Fork But Litecoin Cash Not Related The much talked about Litecoin hard fork occurred on Sunday at block […]

EUR/USD Weekly Technical Forecast: Euro Finds Strong Opposition, Again

EUR/USD Highlights: EUR/USD rejected again from 2008 trend-line Weakness expected in the near-term following Friday’s price action A visit of shorter-term trend-line support may be in store this week To view the longer-term technical and fundamental outlook for the Euro, or to see our top trade ideas for 2018, check out the DailyFX Trading Guides. […]

Gold Set Up for Reversal As Sentiment Shifts

Spot Gold: Retail trader data shows 62.3% of traders are net-long with the ratio of traders long to short at 1.65 to 1. The number of traders net-long is 0.1% lower than yesterday and 1.9% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 2.5% higher from last […]

US Dollar Smashed After CPI: When Good News Goes Bad

Talking Points: – The US Dollar saw a quick-spike on the back of yesterday’s US CPI report, but that strength was short-lived as sellers came back with aggression to push the Dollar back down towards three-year lows. The total movement from yesterday’s high to this morning’s low constitutes a -1.7% move in the Greenback. – […]

Elliott Wave Webinar: USD Index May See One More Dip

USD Index has increased a little last week. Prices may pivot soon one more dip towards US Dollar weakness. The video above is a recording of a US Opening Bell webinar from February 12, 2018. In today’s US Opening Bell webinar, we discussed key markets using Elliott Wave Theory such as (and not in this […]