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. See our updated Privacy Policy here.

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
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
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
More View more
Real Time News
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh88nOv https://t.co/hQgZB9T73q
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10CKUR https://t.co/9JVh6BsWa2
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/J0EPMD2Cfi https://t.co/ZDuee58Abe
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/niJL2W2yXV
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/0rNbbrd58e
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/zPzJAxBJxt
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/uf6KEYTes5
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/gRjdVfbg66
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/mLLGqYUygY
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/HUYJzEkYiT
Bitcoin (BTC) Rallying Towards a Two-Month High Ahead of Next Week's Halving

Bitcoin (BTC) Rallying Towards a Two-Month High Ahead of Next Week's Halving

Nick Cawley, Strategist

Bitcoin (BTC) Halving with Price, News and Analysis:

  • Bitcoin (BTC) moving higher, solid uptrend providing support.
  • Halving event now seen on May 12.

A Guide to Day Trading Bitcoin and Other Cryptocurrencies

Bitcoin (BTC) Eyes Fresh Multi-Week Highs

Bitcoin’s rebound off its March lows remains impressive with the cryptocurrency up 138% in less than two months from $3,928 to a current quote of $9,295. BTC remains the most dominant cryptocurrency by a distance and accounts for 67% of the total cryptocurrency market capitalization. Analysis of the daily chart shows a strong uptrend still controlling price action and this may remain the case ahead of next week’s halving event. Rewards for Bitcoin miners – high powered computers that solve complex math’s problems and link together transaction blocks – will be cut by 50% next week to 6.25 BTC per block from 12.5.

The Bitcoin Halving Clock at Binance Academycurrently shows that the reduction of block rewards provided to Bitcoin miners will take place on May 12.

Bitcoin Price – How Will Halving, Coronavirus Affect BTC?

Analysis of the daily BTC chart shows that Bitcoin remains firmly above an upward trendline initiated off the March 13 low. Higher lows and higher highs continue to be printed, dragging all three moving averages higher. The 61.8% Fibonacci retracement of the February13/March 13 sell-off and the 200-day moving average were broken with ease on April 29, and yesterday the 20-dma moved through the 200-dma, adding to positive sentiment in the market. The multi-week high at $9,463 is near and may be tested shortly. Bitcoin’s volatility has fallen noticeably from the mid- to late-March highs but the 14-day ATR indicator still shows an average range of $429 a day. A break above $9,463 would suggest a re-test of the mid-February high at $10,506. Price action may become more volatile ahead of, and just after, the halving and any sell-off may test $8,780 and $8,415, the low of the long-legged doji made on April 30.

Bitcoin (BTC) Daily Price Chart (September 2019 – May 7, 2020)

Bitcoin (BTC) Rallying Towards a Two-Month High Ahead of Next Week's Halving

What is your view on Bitcoin (BTC) – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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

DISCLOSURES