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Once again, Europe’s shared currency (EUR) is on the back foot against the British pound (GBP), down -0.2% (WTD) and navigating waters south of weekly support from £0.8511. Vulnerable Support on the Weekly Chart What’s also interesting from a technical standpoint is that the cross-currency pair is now seen testing the lower boundary of a descending triangle...

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The US dollar is poised to end the month lower against a basket of six major currencies. According to the US Dollar Index, the greenback is down -1.5% in May and on track to snap a four-month winning streak. Technically speaking, the monthly timeframe presents little to work with this week (well, anything within touching distance that is). The 107.35 October...

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It was another positive week for BTC/USD, which was up +1.9% as of London’s close on Friday despite finishing considerably off its best levels. Price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. Even though the unit faded the upper edge of the...

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While the uptrend in gold (XAU/USD) remains well and truly intact – last week refreshed all-time highs of $2,450 – momentum shows signs of softening as the yellow metal recorded its largest one-week loss this year (down -3.3%). Higher-Timeframe Structure Favouring Shorts Price action on the weekly timeframe concluded the week in the shape of a bearish...

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Europe’s single currency wrapped up the week on the ropes versus its US counterpart, shedding -0.2% and snapping a five-week bullish phase. Month to date, EUR/USD is up +1.7% and poised to end the month trimming a four-month losing streak. Monthly/Daily Flow Supports Short-Term Bid Bolstered by Friday’s rebound from trendline resistance-turned-support on the...

FPMarkets Broker

ETH/USD bulls have made a strong comeback in recent days. Following Monday’s +13.0% advance and Tuesday’s +7.0% push, the major altcoin is within reach of challenging all-time highs of $4,092. Following the break of key resistance at $3,677 (now serving as support) and April’s high of $3,726, the path of least resistance is towards all-time highs. You will note...