EURUSD bullish breakout above 1.1370 The euro is building bullish momentum against the US dollar, after breaking above the 1.1337 resistance level during Tuesday’s US trading session. If EURUSD bulls can sustain the pressure and force price above the 1.1370 level, the pair could easily rally towards the 1.1410 level. Technical indicators across the four-hour time...
The US dollar continues to trade in a narrow range against the Japanese yen currency, with the retaining a slight bullish bias while trading above the 110.40 level. A break above the 110.80 level may trigger technical buying in the USDJPY pair towards the 111.40 level. A sustained move below the 110.24 support level should provoke technical selling towards key the...
The British pound is holding above the 1.2900 level against the US dollar on Tuesday, as traders await the release of key wage and jobs data from the United Kingdom economy this morning. The GBPUSD pair may test towards the key 1.3000 level if the data is better than expected, while worse than expected data may see the pair failing back towards the 1.2830 level....
Bitcoin has finally turned bullish in the short-term after the number one cryptocurrency performed a technical breakout above the $3,700 level on Monday. If BTCUSD buyers can break the upcoming $3,960 resistance level, a strong rally towards the $4,600 level may occur. Technical indicators on the four-hour time frame continue to rise, with the BTCUSD pair also...
Minutes and Manufacturing The release of FOMC meeting minutes headlines the economic calendar this week alongside the release of key PMI Manufacturing data from the eurozone economy. Market participants will be looking closely at the language used by US policymakers inside of the FOMC meeting minutes, especially any overly dovish or hawkish comments. Investors...
Ethereum has made a strong move higher on Monday, with the ETHUSD pair making close to double-digit intraday gains after bulls convincingly broke above the $120.00 level. Further upside towards the $150.00 level remains possible as the technical breakout is still gathering momentum. Both the Relative Strength Index and MACD indicators on the four-hour time frame...
The US dollar is attempting to recover higher against the Japanese yen currency on Monday after the pair found strong support from the 110.24 level. The movement of the USDJPY pair is increasingly being driven by news from Sino-US trade talks, with markets still optimistic a deal can be reached. Traders should carefully watch for a break of the 110.24 to 110.80...
The euro currency has recovered above the 1.1300 level against the US dollar on hopes that European Central Bank may provide new loans to troubled European banking institutions. EURUSD bulls need to break above the 1.1337 resistance level to keep the recent bullish intact. The MACD indicator on the four-hour time frame is signalling that further upside in the pair...
The US dollar has reversed sharply lower against the Japanese yen currency, after recent news reports from Sino-US trade talks revealed that both sides are still far from reaching a deal. The USDJPY pair is now testing the pivotal 110.40 level with bearish momentum likely to increase below this area. Any strong bounce from this area will likely target the 111.10...
Litecoin is under increasing selling pressure on Friday, with the popular cryptocurrency now testing the $41.00 support level. The $41.00 level was formerly the LTCUSD pairs yearly trading high and now becomes formed key resistance turned key support. A sustained break of this level may encourage selling towards the $36.00 level, while a strong bounce may provoke...
The British pound has slumped to a fresh monthly trading low against the US dollar, with the pair falling below the important 1.2790 support level. If sellers can sustain bearish momentum below the 1.2790 level, a further decline towards the 1.2740 support level remains possible. Traders now await the release of Retail Sales data from the UK economy, with...
The US dollar is now testing the key 111.00 level against the Japanese yen currency after buyers easily broke through the 110.80 resistance area. Strong technical resistance is seen around the 111.10 level, although the 111.40 level remains the target for bulls. The USDJPY pair risks losing recent bullish momentum if sellers force price back under the 110.40...
The euro has fallen to fresh monthly trading low against the greenback after the eurozone economy posted much weaker than expected data and the US dollar reversed direction. The EURUSD pair is heavily bearish while trading below the 1.1260 level and may soon challenge its multi-year trading low, around the 1.1215 level. Traders now await the release of key...
Bitcoin is trading inside a triangle pattern on the lower time frame, with the BTCUSD pair once again confined to extremely narrow ranges. Bulls failed to make progress about the $3,700 level, as the former weekly rally in the number one cryptocurrency stalls. A break below the triangle pattern would likely provoke a technical test of the important $3,460 support...
Ethereum is pressing against the $120.00 resistance level, with short-term bulls struggling to move price above the ETHUSD pairs 200-period moving average on the four-hour time frame. If buyers break this key moving average an advance towards the $140.00 level is possible, with the $160.00 level extended resistance. Continued failure around the $120.00 may provoke...
The British pound has recovered back towards the 1.2900 level against the greenback due to the US dollar index coming under heavy selling pressure. The GBPUSD pair bullish bias above the 1.2930 level, with the 1.2900 level another key intraday area to watch for bullish signs. Traders are likely to remain cautious, as the United Kingdom economy is releasing a raft...
The euro currency has recovered above the 1.1300 level against the US dollar, with the pair correcting from extremely oversold trading conditions. If the EURUSD moves above the 1.1360 level, strong technical buying may force the pair back towards the 1.1410 area. Technical indicators are turning bullish on the four-hour time frame with the RSI and MACD indicators...
Litecoin is under mild selling pressure on Tuesday after cryptocurrency traders started to book profits from the $45.00 region. The LTCUSD pair may continue to trade higher, as the bullish inverted head and shoulders pattern seen on the lower time frame has an upside projection close to the $50.00 level. Overall, short-term bulls are in charge of the LTCUSD pair...