Ethereum is performing a near-term technical bounce after the ETHUSD pair found strong support from the $168.00 level over the weekend. ETHUSD bulls need to hold the pair above the $185.00 level to encourage buying interest towards the $210.00 level. Failure to overcome the $185.00 level could easily see the ETHUSD pair sold back towards the September low. • If...
The US dollar is attempting to recover above the 106.90 level against the Japanese yen, with the pair appearing to have found an interim price floor. The USDJPY could drift higher towards 107.45 level this week, as initial Sino-US trade talk optimism dominates market sentiment. Overall, the USDJPY pair is technically bearish while trading under the important...
Bitcoin has opened the new trading week under pressure as the cryptocurrecy struggles to attract buyers from the $8,000 support level. The BTCUSD pair is still trading in a narrow range, as it prepares for upcoming fundamental news from the US Securities and Exchange Commission over a Bitcoin ETF. Overall, the next big directional move should come from a break of...
The euro currency is still holding onto its recent gains against the greenback, as the pair attempts to break its multi-month losing streak. The lower time frames are currently showing that the EURUSD pair faces major trendline resistance around the 1.1025 level this week. Overall, EURUSD buyers still have the upper hand while the price continues to trade above...
Litecoin remains in a vulnerable technical position, with the cryptocurrency threatening a deeper decline if the $50.00 support level is broke. The LTCUSD pair is trading below the neckline of a head and shoulders, with the $36.00 level the medium-term target. LTCUSD bulls need to rally the pair above the $66.00 level to encourage traders to move back into...
The British pound has moved towards the 1.2400 level against the US dollar, following bullish news surrounding British PM Boris Johnson’s new Brexit proposals. The GBPUSD pair has a strong bullish bias while trading above the 1.2325 level, with the 1.2470 level currently acting as extended weekly resistance. Overall, the latest rally has also helped to complete...
The euro currency is still holding firm against the US dollar, with the pair remaining well-supported above the pivotal 1.0950 technical region. EURUSD traders are heavily focused on the release of US jobs data later today, with a worse-than-expected likely to prompt a rally towards the 1.1070 level. A better-than-expected number may see the EURUSD pair forced...
Possible next move for CAD/JPY is upward, but before going long wait for it to successfully break the neckline and once broken lookout for the targets
The US dollar is under increasing downside pressure against the Japanese yen currency as global equity markets and the greenback falters over recent US data misses. The 106.90 level is now the key support region that bears must break to force a further decline toward the 105.50 level. Overall, the USDJPY has a strong intraday bearish bias while trading below the...
Bitcoin is struggling to find a clear directional bias on Thursday, after the recent rally towards the $8,500 level was quickly sold lower. The BTCUSD pair’s 100-week moving average, at $7,700, is currently acting as a major pivot and containing further losses. The $6,600 level could come into focus if a bearish break occurs, while the $9,000 level still remains...
The euro has continued to advance against the greenback as the US dollar index comes under heavy selling pressure ahead of Friday’s key US jobs number. The EURUSD pair could easily reach the 1.1025 level if the 1.1000 level is broken ahead of Friday’s main event. Sustained strength above the 1.0950 level should encourage traders to continue to buy the EURUSD pair...
A small pullback expected from here as most of the analyst where short yesterday, but they got REKT
The euro is moving higher against the US dollar after the US ISM manufacturing survey unexpectedly fell to a ten-year low on Tuesday. The EURUSD is only short-term bullish while trading above the 1.1000 level, leaving the pair with a major upside battle. Overall, a temporary bottom has now most likely been established around the 1.0880 level, making long positions...
The British pound has recovered towards the 1.2300 level agains the US dollar after traders bought the pair from the 1.2200 level over positive Brexit headlines. The recent decline has helped the GBPUSD pair create an extremely large head and shoulders pattern across the lower time frames. Overall, the latest bounce higher has the potential to form a right-hand...
Ethereum is attempting to build bullish momentum on Wednesday as the cryptocurrency market starts to recover from the September trading low. The ETHUSD pair could advance towards the $190.00 level if bulls keep price above the $175.00 level. Overall, a loss of the $175.00 support level could prompt the ETHUSD pair to test towards the important $150.00 level. • If...
The British pound is trading under the 1.2300 level against the US dollar as traders remain cautious ahead of key US and UK data releases this week. The four-hour time frame shows that the GBPUSD pair could bounce towards the 1.2375 technical area if a near-term recovery occurs. To the downside, a move below last weeks trading low could see a quick bearish drop...
The euro currency is trading below the 1.0900 level against the greenback, as the US Dollar index advances to a new 2019 trading high. The current risk for the EURUSD pair is a drop towards the 1.0850 level, with extended support around the 1.0810 level. Overall, the EURUSD faces a day of high impacting economic data, which has the potential to positively or...