News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • The Nasdaq 100 index has likely formed an inverse “Head and Shoulders” pattern, which is typically viewed as a bullish trend reversal indicator. Prices may advance further to challenge their all-time highs. Get your market update from @margaretyjy here:
  • Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aversion take root? Market update from @PeterHanksFX here:
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown

Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown

Nick Cawley, Strategist

Bitcoin and Ripple: Prices, Charts and Analysis

  • Bitcoin (BTC) will struggle to keep upward momentum going.
  • Ripple (XRP) breaks through significant support and should fall further in the coming weeks.

IG Client Sentiment Reportshow retail are 77% long of Bitcoin – normally a contrarian bearish signal – but recent daily and weekly changes suggest that Bitcoin may rise further in the short-term. Download the report to see how it can help you make more informed trading decisions.

Bitcoin (BTC) Rebound will be Shallow and Short-Lived

After falling around 20% in the last two weeks, Bitcoin has picked up a bid at the lower levels and crept back above $7,000, but the move looks weak and unlikely to continue. A ‘head and shoulders’ chart formation is taking shape which suggests a break lower soon, while BTC trades below the 20- and 200-day moving average and just a fraction above the 50-day ma. Initial support will be found around $6,438, before $5,932 and $5,622 come into play.

Bitcoin Daily Price Chart (December 2017 – August 7, 2018)

Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown

Ripple (XRP) Breakdown Continues

Ripple has broken through noted support at $0.425 leaving the way open for further, heavy falls back to levels seen at the end of last year. The support level, made of a double low on June 29 and July 13 this year has acted as support for the last week, but Monday’s breakdown leaves little support for the third largest cryptocurrency.

Ripple (XRP) Four Hour Price Chart (June 25 – August 7, 2018)

Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown

A look at a longer time frame shows that support does not come into play until around $0.25 -$0.27 level, highs seen in mid-to late-November last year before the rally to $3.25 took off. The token trades below all three moving averages, although the RSI indicator points to consolidation/small rebound in the short-term.

Ripple (XRP) Daily Price Chart (November 2017 – August 7, 2018)

Bitcoin (BTC) Analysis: Dead Cat Bounce; Ripple (XRP) Breakdown

We cover Bitcoin, Ripple and a range of other cryptocurrencies, at our Weekly Cryptocurrency Webinar on Wednesday at 12:00pm.

You can contact me on Twitter @nickcawley1 or via email at

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.