Ethereum continues to trade in a narrow range with price remaining trapped inside a well-defined symmetrical triangle pattern. Sellers failed to break to the downside yesterday, we may now see buyers trying to break the upper trendline of the neutral pattern. The triangle pattern holds a projection of around $60.00 and will likely trigger the next directional move...
The British pound continues to trade well under the 1.3000 level against the US dollar, as Brexit and UK political uncertainty keep sterling under downside selling pressure. Sellers will look to break the 1.2940 level, while buyers need to reclaim the 1.3000 level. Traders await key September PMI services data from the United Kingdom economy this morning, with...
The euro currency is trying to regain upside momentum against the US dollar after sellers failed to break the psychological 1.1500 support level on Tuesday. The EURUSD pair is also trading higher on positive news over the Italian budget and has an intraday bullish bias while trading above the 1.1600 level. Buyers will look to the target the 1.1650 level, while...
Bitcoin is starting to trade lower alongside the broader cryptocurrency market on Wednesday, with price touching a fresh monthly low. The BTCUSD pair is starting to build downside momentum, a break below the trendline on the momentum indicator could provide the catalyst for the next round of technical selling. Overall, with the BTCUSD pair remains bearish and...
Ethereum continues to struggle for direction, as the second largest cryptocurrency by market capitalizations remains trapped in a narrow trading range. Sellers need to clearly break trendline support around the $210.00 level, while buyers need to move price above the $242.00 resistance level. The bearish head and shoulders pattern still remains valid and holds a...
The British pound is trading back towards the worst levels of the week against the US dollar, despite a short-lived move above the 1.3100 level on Monday over the positive Brexit news. The GBPUSD pair is awaiting a clear technical break, sellers need to move price below the 1.3000 level, while buyers need to hold price above the 1.3082 resistance level. Traders...
The euro currency is back under pressure against the greenback on Tuesday, as better than expected US economic data and rising Italian bond-yields push the pair lower. A clear break below the 1.1553 support level should encourage technical selling towards the 1.1500 level. EURUSD buyers need to force price above the 1.1600 resistance level and break the former...
The British pound remains under downside pressure against the greenback on the first trading day of the month, with ongoing Brexit concerns and US dollar strength weighing on sterling. Sellers continue to look for a sustained break of the 1.3000 level, while buyers need to stabilize price above the 1.3054 level. Traders now await the release of the UK...
Litecoin is starting to trade below key technical support in early-week trading after the seventh largest cryptocurrency by market capitalization was strongly rejected from the $64.50 level last week. Overall, further moves to the downside are still expected while the LTCUSD pair trades inside the well-defined bear flag pattern. Sellers will look for a clear break...
The US dollar continues to trade towards the 114.00 level against the Japanese yen as the US dollar index climbs towards it’s highest trading level in nearly three weeks. Bearish MACD divergence can be seen on the lower time frames as the USDJPY pair starts to move into overbought territory. Buyers will likely aim for the 114.43 level, while sellers will look for...
The US dollar has moved to a fresh 2018 trading high against the Japanese yen currency, as the greenback strengthens across the board. Buyers have now broken above the 113.17 level, triggering the bullish inverted head and shoulder pattern with a two hundred pip upside projection. Given the bullish price-action, the USDJPY pair could soon test towards the 114.10...
The euro remains under heavy downside pressure against the greenback, amidst US dollar strength and financial market concerns about the Italian government larger than expected budget plan. The EURUSD pair has now broken below the 1.1650 level, turning the short and medium-term trend to bearish. Sellers will likely target the 1.1553 level while buyers need to...
Ethereum has started to move higher alongside the broader cryptocurrency market on Friday, although the ETHUSD pair continues to struggle to move away from the $215.00 support level. Price-action also remains weak on the ETHUSD pair, with a potential bearish head and shoulders pattern still looming over the second largest cryptocurrency in the short-term. The...
The British pound is starting come back under selling pressure against the greenback on Thursday, after briefly moving above the 1.3200 level following the FOMC rate decision. The GBPUSD pair may now start to trade back towards the 1.3113 level, after hitting its upside bullish target above the 1.3200 level. Sellers now need to break the 1.3096 level, while buyers...
The euro is starting to lose bullish momentum against the US dollar after the pair once again failed to break the 1.1800 level after the FOMC interest rate decision and policy statement. The EURUSD pair came under pressure after Federal Reserve Chair Jerome Powell struck a hawkish tone towards future rate increases during his scheduled press conference. Sellers...
Bitcoin is starting to move higher alongside the broader cryptocurrency after the bullish fundamental news that Google have removed an advertising ban on regulated cryptocurrencies cryptocurrency exchanges in the US and Japan. Buyers will need to hold price above the $6,500 to regain short-term control of the number one cryptocurrency. The bearish head and...
Litecoin remains range bound on Wednesday with the sentiment towards cryptocurrencies fragile after the broader cryptocurrency market suffered two days of losses. The LTCUSD pair will likely experience more losses below the $53.50 level if price moves below key trend line support. The MACD indicator across the one-hour time frame is getting ready for its next...
The British pound has moved to a fresh weekly high against the greenback, as the US dollar index comes back under selling pressure towards the 94.00 level. The GBPUSD pair continues to retain its intraday bullish bias while trading above the 1.3113 support level. Buyers may attempt to break the 1.3200 level, while sellers may also be looking to enter the market...