The euro continues to trade around the 1.1300 resistance level against the US dollar in early Tuesday trade as buyers struggle to break through strong technical resistance. The Ichimoku cloud on the daily time frame is currently offering strong resistance extending to the 1.1370 level. The Ichimoku indicator on the daily time is showing that the 1.1260 level is...
INFLATION AND RATES During the upcoming trading week the UK economy comes under the spotlight, as the United Kingdom economy releases a raft of high-impacting macroeconomic data releases. With Brexit delayed until October 31st, traders and investors will once again start to focus on the underline fundamentals behind the UK economy. Global inflation data is also...
INFLASI DAN SUKU BUNGA Selama minggu perdagangan berikutnya, perekonomian Inggris berada di bawah sorotan begitu perekonomian Inggris menerbitkan sejumlah besar data makroekonomi yang berdampak besar. Dengan Brexit yang ditunda hingga tanggal 31 Oktober, para trader dan investor akan sekali lagi memulai fokus mereka terhadap fundamental yang digarisbawahi di...
The US dollar continues to enjoy strong buying interest against the Japanese currency after the pair closed the former trading week above its key 200-day moving average. The USDJPY pair has a strong bullish bias while trading above the 111.80 level, with the 113.20 level the strongest weekly resistance area. The four-hour time is also showing that a bullish...
The euro is trading close to the 1.1300 level against the US dollar after finding strong technical resistance from the 1.1325 level last Friday. The bullish inverted head and shoulders on the lower time frames has reached its upside target, with the 1.1360 level now major weekly resistance. Looking at the downside, if sellers move price below the 1.1250 support...
Bitcoin has opened the new trading week with a bullish tone, as BTCUSD buyers attempt to recover the losses that occurred towards the end of last week. The Ichimoku indicator is currently showing that major weekly support is located at the $4,920 level, while critical support is located at the $4,500 level. Key weekly resistance for the BTCUSD pair is currently...
The US dollar has made a strong upside recovery from the 111.00 level against the Japanese yen currency as investor demand for the greenback returns. The USDJPY pair has a strong intraday bullish bias while trading above the 111.60 resistance level. Technical indicators on the four-hour time frame suggest that the USDJPY pair can trade higher over the...
The euro currency has recovered higher against the US dollar in early Friday trading as buyers move price back towards breakout resistance. The EURUSD pair has a bullish intraday outlook while trading above the 1.1250 level, although the 1.1290 level remains critical weekly resistance. If buyers lift the EURUSD pair above the 1.1290 level further short-term buying...
Ethereum is under selling pressure on Friday after bulls failed to move the second largest cryptocurrency above the $185.00 resistance level. A bearish double-top pattern has formed on the four-hour time frame, which is adding to intraday technical selling pressure on the ETHUSD pair. The ETHUSD pair could start to slip towards its 200-day moving average if price...
The US dollar has fallen to a new monthly trading low against the Japanese yen currency after the FOMC meeting minutes showed that US policymakers remained dovish towards interest rates. The USDJPY briefly traded below the 110.90 support level, with a sustained price close now needed to turn the weekly sentiment towards the pair bearish. Technical indicators on...
The euro is trading towards the best levels of the week against the US dollar, despite more bearish commentary from ECB President Mario Draghi during yesterday’s policy meeting. The 1.1290 levels remains strong resistance, with bulls needing to break above this area for further gains toward the 1.1330 level. Sellers need to hold price below the 1.1250 support...
Bitcoin has spiked to a fresh monthly trading high, hitting $5,454, as the BTCUSD pair continues to build bullish momentum above the $5,200 level. The $5,454 and $5,700 levels currently offer the strongest forms of technical resistance if the number one cryptocurrency advances higher. The MACD indicator on the four-hour time frame is currently showing bearish...
The US dollar has fallen to a fresh weekly trading low against the Japanese yen currency as the greenback comes under selling pressure ahead of the release of the FOMC meeting minutes. USDJPY sellers need to move price below the 110.90 support level in order to turn the weekly sentiment towards the pair bearish. Traders should note that a bearish triple top...
The euro is testing back towards major weekly technical support against the US dollar, after the pair found strong resistance from the 1.1283 level. The EURUSD pair retains a bullish intraday bias above the 1.1250 level, although buyers must soon move price above the 1.1290 resistance level. The 1.1350 level currently offers the strongest form of weekly technical...
Ethereum continues to trade towards the best levels of the year so far, as the second largest cryptocurrency edges closer to major another technical breakout. ETHUSD bulls need to move price above the $185.00 level in order to accelerate buying interest towards the $220.00 level. The daily time frame is showing that key weekly support is located at the $160.00 and...
Litecoin continues to trade at elevated levels on Tuesday as the fifth largest cryptocurrency attempts to break past the $100.00 resistance barrier. The weekly time frame shows that the LTCUSD pair is testing Ichimoku cloud resistance, which extends up towards the $200.00 level. The weekly time frame also shows that key Ichimoku support is currently located at the...
The British pound continues to drift lower against the US dollar as traders remain nervous ahead of Wednesday’s EU leaders meeting over Brexit. The overall target of the triangle pattern on the four-hour time frame suggests that the GBPUSD pair could fall towards the 1.2900 level. Buyers need to move price above the 1.3100 level to negate the bearish weekly...
The euro continues to trade higher against the US dollar on Tuesday after buyers lifted the pair above the pivotal 1.1250 level. The four-hour time frame shows that a bullish inverted head and shoulders pattern has been ignited, with the overall upside target close to the 1.1320 level. EURUSD sellers will need to move price below the 1.1250 level to negate the...