Good morning Steem network! The week ends on a crazy note, let's review some of what's happened recently.
- Credit-reporting company Equifax Inc massive data breach - approx 143 million consumers
- news from Caixin (China news agency), that China has plans to shut local bitcoin-fiat exchanges
- Russia news that they are going to regulate buying cryptocurrencies
- hurricanes and other natural disasters, Magnitude 8 earthquake around Mexico coast
Currencies:
- Euro longs largest since May, 2011
- DSI for DXY and CAD crazy - DXY 9, CAD around 95
What to make of all these news? Best advice i can give to anyone is not to fall for the predicting game, react appropriately but try not to predict too much. Let's see what the next week brings us and while we're at it, let's review some technical charts.
EURUSD not sure how long Euro can keep this up. Sentiment is extreme, buy pullbacks but also short extreme rallies.
DXY looks like its doomed but the sentiment is something that warrants caution - 9. This means people are crazy bearish on the dollar and the market likes to take money from the people. This doesn't mean it cannot continue lower, but the time to chase it is over.
USDJPY - same as DXY, falling through massive support. Currently getting some support from historic levels.
USDCAD daily massive divergence and a pinbar bottom, a little small for my liking though
XAUUSD daily. Gold stalled right at the 1.618 fib extension as we thought. Looking for some more pullback
WTI oil. Flag didn't complete fully, was killed at the channel's top trendline. Nevertheless, between those areas was a sweet 200 pips for those who had the success of taking it.
BTCUSD daily. China news can make bitcoin drop but the BTD-ers are out in full force. Still in bull channel.
ETHUSD daily. Channel bottom and support around here
These are the charts i will keep my eyes on for the beginning of next week. Let me know your thoughts in the comments. Thank you for reading and enjoy your weekend!
Title image from pixabay
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