Russell Shor

Both bitcoin and ethereum have charted a lower peak and a lower trough . This pattern implies that they are in a defined downtrend, as per the classical technical analysis.

The fact that the bears have not been able to take the US30 lower, given the invasion of Ukraine, and the emotion of fear associated with a risk-off sentiment, is intriguing. As such, we continue to monitor for bullish follow-through. A swing low will have charted if the price does take out last week's high. This appreciation would be considered a bullish development. However, caution will still be the order…

In yesterday's testimony before the House Financial Service Committee on Capitol Hill, Fed Chair Jerome Powell suggested a 25bps hike on 16 March. This increase comes as the financial market reel following Russia's invasion of Ukraine. Mr. Powell said that "[i]t's too soon to say for sure, but for now...we will proceed carefully along the lines of [the] plan" proposed before the Ukraine invasion (barrons.com). Inflation is at levels that…

The current price action is an inside period (the weekly candle is still to complete). I.e., the week's high and low are within last week's range. Neither the bulls nor the bears have taken the price to a new high or low, suggesting indecision amongst market participants.

Bitcoin is up close to 18%, and Ethereum has appreciated more than 14% for the week. In today's webinar, we look at the current trend and discuss the potential effects of sanctions on cryptocurrencies.

US markets are showing signs of resilience. Below are the daily charts of FXCM’s CFDs for the Dow Jones Industrial (US30), the S&P 500 (SPX500), and the Nasdaq (NAS100). Zone analysis indicates support

Startling satellite imagery shows a massive convoy of Russian military vehicles advancing towards Kyiv. The convoy is estimated to be 65 km long. The images are from Sunday or Monday, and given how fast things are changing on the ground, the convoy shape may have altered. Nevertheless, there is growing concern that Russia is preparing to launch a full-scale assault on the Ukrainian capital. Other satellite images suggest a military…

The charts below show the weekly time frames of both BTCUSD and ETHUSD. Each has charted a higher trough, but a higher peak is needed to fulfill an uptrend's requirements. To this end, we do note that each stochastic has turned up from below 20 (black ellipses). The bullish momentum may be mounting if they continue upwards and cross over their respective 50 levels.

In this article, we use two Bollinger bands and a stochastic as yardsticks to measure the progression of a bear market in the S&P 500. It is worth noting that the analysis will be subject to a time-period bias. We will be using the global financial crisis (GFC) to detail the measures and then apply them to current market conditions. Nevertheless, the inferences from the GFC will likely be helpful…

As Friday closed for trading, imposed sanctions seemed underwhelming. This tone changed on Saturday as some Russian Banks were excluded from SWIFT, and the Russian central bank was sanctioned. Geopolitical risks intensify as Russia continues its invasion of Ukraine. Wednesday and Thursday, Fed Chair Jerome Powell testifies before the House Financial Services and Senate Banking Committees. The RBA will announce its cash rate on Tuesday with no change expected, and…

Gold, being a haven and considered a store of value, maintains a bid as geopolitical tensions escalate following further sanctions on Russia.