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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
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
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher. Get your $XAUUSD market update from @DanielGMoss here:https://t.co/K1qL0fsGwy https://t.co/DG6bkTxW8n
  • #SP500 carving out a Rising Wedge pattern just below key resistance at 3700, as bearish RSI divergence hints at a near-term pullback Slipping back below 3650 could open the door for price to challenge wedge support and the 100-MA (3600) $SPX $ES https://t.co/FhlnSz040F
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.64%, while traders in EUR/USD are at opposite extremes with 73.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qf5YETWpSO
  • The #USD technical outlook against #ASEAN FX remains broadly bearish, check out my latest update here - https://www.dailyfx.com/forex/technical/article/special_report/2020/12/03/US-Dollar-May-Stiill-Struggle-USDSGD-USDIDR-USDMYR-USDPHP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Uluv7XsimX
  • $EURUSD is currently facing down the midpoint of the 2014-2017 range and its historical range around 1.2125/50. How robust is this move? Is it more a Dollar slide or a Euro rally? I discuss that today: https://www.dailyfx.com/forex/video/daily_news_report/2020/12/03/EURUSD-Continued-Climb-to-Over-Two-Year-High-May-be-More-of-a-Euro-Move-than-Dollar.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/kas6ea1ShA
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.13% 🇨🇭CHF: 0.08% 🇪🇺EUR: 0.02% 🇨🇦CAD: -0.07% 🇳🇿NZD: -0.10% 🇦🇺AUD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/P2eGs7wOLQ
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: France 40: -0.10% Wall Street: -0.14% US 500: -0.15% Germany 30: -0.23% FTSE 100: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/UTmuwSgVa6
  • Mayor of Los Angeles says the city is near 'devastating' tipping point following announcement of city wide stay-at-home order $DXY $SPX
  • Mayor of Los Angeles orders a stay-at-home order amid rising Covid cases $DXY $SPX
  • The dispute between the Federal Reserve and the Treasury Department concerned economists and government officials last week. Traders, however, appeared unfazed as U.S. equity markets proceeded to higher ground. Get your market update from @FxWestwater here:https://t.co/DKK7WWHKlu https://t.co/K1f9Y1h4sn
Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar

Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar

2018-09-26 12:03:00
Nick Cawley, Strategist
Share:

Cryptocurrency Prices, News and Technical Analysis

  • Bitcoin (BTC) remains dominant, but chart shows little upward momentum.
  • Ripple’s (XRP) recent rally may help build positive sentiment.

Ripple (XRP) and Litecoin (LTC) Charts - A Positive Light in a Gloomy Market?

The cryptocurrency market remains in a bear grip as a space but a couple of the larger tokens are showing signs of a rebound, if certain parameters are met.

Ripple’s recent surge has seen it break and close above the important support zone between $0.35 and $0.42 which remains key support if XRP is to push higher. Ripple is also trading above all three moving averages, on the four hour chart, and may well re-test the $0.59 to $0.62 level in the short-term. A break and close above here could see the recent $0.77 high regained.

Ripple (XRP) Four Hour Price Chart (September 3 – 26, 2018)

Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar

Litecoin (LTC) Stuck in a Cluster of Moving Averages

Litecoin’s near-term direction will be dictated shortly as it current trades in a confluence of moving averages. The 20-, 50- and 200-day moving avergae sit between $57 and $58.25 while LTC current changes hands at $57.5. A break and close higher open $64 and $69.

Litecoin (LTC) Four Hour Price Chart (August 18 – September 26, 2018)

Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar

We look at Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

IG Sentiment Data show how retail are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment.

What’s your opinion on the latest chart updates? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

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

DISCLOSURES