Financial markets await the latest economic assessment from the ECB ECB headlines During the upcoming trading week traders and investors look to the European Central Bank rate decision and press conference with ECB President Mario Draghi. The ECB is widely expected to keep rates on hold, with market participants expecting President Draghi to turn even more...
The British pound is trading back towards the lower end of its recent trading range against the US dollar as the United Kingdom approaches its Brexit deadline this week. The 1.2980 level is major weekly support area to watch for the GBPUSD pair this week. Weakness below the 1.2980 support level will likely trigger heavily technical selling towards the 1.2880...
The euro has opened the new trading week under pressure against the US dollar following another bearish price close on Friday. The EURUSD pair is likely to come under further technical selling pressure while trading below the important 1.1216 support level. Only a move above the 1.1250 resistance level can negate the bearish weekly sentiment towards the EURUSD...
Bitcoin retains a strong bid tone on Monday, after the number one cryptocurrency had its strongest monthly start in over twelve month. Bulls need to keep the BTCUSD pair above the $4,900 level in order to maintain the bullish intraday bias surrounding the cryptocurrency. Key weekly resistance for the BTCUSD pair is currently located at the $6,200 level. The...
The US dollar has moved to a new monthly trading high against the Japanese yen currency following more bullish news coming from Sino-US trade talks. The USDJPY pair has now moved above the 111.60 level and may attempt to move back inside the rising wedge pattern. Overall, the USDJPY pair will retain its strong weekly bullish bias while trade above the 110.90...
The British pound is coming under selling pressure towards the 1.3050 support level against the US dollar after buyers failed to break key trendline resistance on the four-hour time frame. The GBPUSD pair may weaken towards the 1.3000 level if sellers can move price below key trendline support. The 1.3180 level is now acting as the strongest form of daily...
Ethereum has moved to its highest trading level since November 2018 after the ETHUSD performed a strong bullish breakout earlier this week. The ETHUSD pair has now broken above a triangle pattern on the four-hour time frame, with the pattern still holding upside projection of over $50.00. Technical indicators also show the recent move higher is gathering bullish...
Bitcoin bulls return Bitcoin surged above the $5,000 resistance level this week as the market capitalization of the entire digital currency market reached its highest level of the year so far. Bitcoin moved above its 200-day moving average for the first time since May 2018, as the BTCUSD pair advanced towards the $5,300 level before correcting lower, as traders...
The US dollar continues to consolidate at elevated levels against the Japanese yen currency on Thursday as traders await the latest news from Sino-US trade talks in Washington. Bullish trade talks news could provoke a move higher in the USDJPY pair towards the 112.10 level. Bearish news will likely cause the USDJPY pair to decline sharply back towards the 110.00...
The euro is struggling to break above the 1.1250 resistance level against the US dollar in early Thursday trade, as traders become cautious ahead of tomorrow’s monthly job report from the American economy. If bulls can move edge price above the 1.1250 level, technical buying is likely to accelerate towards the 1.1290 level. Continued failure around the 1.1250...
Ethereum has moved to its highest trading level since November 2018 as the ETHUSD performed a bullish breakout above the $160.00 level. The ETHUSD has broken above a triangle pattern on the four-hour time frame, with the pattern holding upside projection of over $50.00. Technical indicators also show the recent move higher is gathering bullish trading...
The US dollar is losing bullish momentum above the 111.00 level against the Japanese ye, despite the recent surge in the value of the greenback. The USDJPY pair could reverse back towards the pivotal 110.90 level if buyers fail to move price above the 111.60 resistance area. Technical indicators across the four-hour time frame are also starting to appear...
The euro currency remains weak against the US dollar on Wednesday with the pair now trading around neckline support, at 1.1216. If the weekly decline continues to gathers pace, the 1.1170 level still offers the strongest form of technical support prior to the 1.1100 level. Technical indicators across the four-hour time frame are now starting to move higher and...
Bitcoin has surged to a fresh 2019 trading high, with the number one cryptocurrency by market capitalization briefly trading above the psychological $5,000 resistance level. The BTCUSD pair has a strong weekly bullish bias while trading above the $4,225 support level. If the bullish move continues, the BTCUSD pair could extend towards the $5,550 level over the...
The US dollar continues to advance against the Japanese yen currency on Tuesday as overall risk-sentiment in financial markets continue to improve. The USDJPY pair has now turned bullish, with the 111.68 level critical technical resistance before the 112.00 level. The USDJPY pair will only turn intraday bearish if sellers can once again move price below the...
Litecoin is once trading close to the $60.00 resistance level as the fifth largest cryptocurrency by market capitalization remains trapped within a tight $10.00 price range. The $52.00 level is now key weekly support if bears start to take control of the LTCUSD pair. If bulls can break above the $60.00 level the $80.00 level offer the strongest form of weekly...
The euro currency is under heavy selling pressure against the US dollar on Tuesday after the pair was strongly rejected from the 1.1250 resistance level. Intraday technical selling will likely increase in the EURUSD pair if bears can force price below the 1.1170 support level. Traders should note that the head and shoulders pattern on the four-hour time frame has...
The US dollar has opened the new trading month with a slight bullish bias against the Japanese yen currency, after the Chinese economy posted better than expected manufacturing data. The USDJPY pair has a strong bullish intraday bias while trading above the 110.90 level, which is the key weekly pivot point. The 111.60 level offers the strongest form of near-term...