Bitcoin may have found a temporary price-high, after price spiked sharply higher on Friday, then quickly reversed back towards key support. Price action on the BTCUSD pair appears overstretched, while the MACD indicator across the four-hour time frame is also starting to point lower. BTCUSD sellers need to contain price below the $7,200 support level, while buyers...
Ethereum continues to drift lower after a strong technical rejection from the $500 level and a loss of the key $482 support level. The MACD indicator on the four-hour time frame is pointing lower, with price fast-approaching the $450 support zone. ETHUSD sellers will aim to break below the $440 level, while buyers will attempt to move price back above the key $482...
The British pound has recovered back above the 1.3000 level against the US dollar, after the US dollar index failed to make traction above the 95.50 level on Thursday. The GBPUSD pair is likely to remain under heavy downside pressure on Friday while trading below the 1.3030 resistance level. Sellers will look for further losses below the 1.3000 level, while buyers...
The euro has reversed sharply from the 1.1570 region against the greenback, after the US dollar index suffered a third major technical rejection from the 95.50 level. The EURUSD pair has so far found strong resistance from just below the key 1.1681 level and trades back towards the 1.1650 level once again. Buyers will try to force price above the 1.1681 level,...
The US dollar has started to edge lower against the Japanese yen currency, following FED Chair Jerome Powell’s comments on US inflation at the second-half of his testimony on Wednesday. The USDJPY pair has broken below key support, and the four-hour time frame MACD indicator is also starting to turn lower. Sellers will likely target the 112.20 support region,...
Ethereum, the second largest cryptocurrency by market capitalization has corrected lower after bulls failed to hold price above the $500 resistance level.
The ETH/USD pair has slipped below the key $482 support level, and the sentiment surrounding Ethereum remains bearish while trading below this key level. Sellers will target the $440 support level, while bulls...
The euro has moved back towards the 1.1650 level, after Federal Reserve Chair Jerome Powell struck a more dovish tone during the second-part of his testimony before US Congress. The MACD indicator across the four hour time frame is also showing bullish potential, however, price still trades below the 200 period moving average on the mentioned time frame. Sellers...
Bitcoin has surged to its highest trading level of the July so far, as the bullish inverted head and shoulders pattern was triggered above the $6,800 level on Tuesday. The BTCUSD pair now has scope to correct level if the $7,400 resistance level holds, as the price has reached overstretched levels. The MACD indicator also appears overbought across the one and...
The US dollar has soared to a new six month trading high against the Japanese yen currency, as FED Chair Jerome Powell’s bullish comments on the US economy and future rate hikes lifted the US dollar.
The move higher in the USDJPY pair has scope to run higher if buyers can keep price above the 112.80 level, which is former key resistance now turned support. USDJPY...
The euro has erased recent trading gains against the US dollar, following hawkish comments from Federal Reserve Chair Jerome Powell during his testimony before US Congress.
The EURUSD pair is turning bearish across the four-hour time frame, with the MACD indicator turning lower and price now trading below the 200 period moving average on the mentioned time...
Bitcoin has moved sharply higher following reports that Blackrock, the world’s largest asset manager, is considering moving into the digital-currency market. The BTCUSD pair has now surged towards the $6,700 level and retains a strong intraday bullish bias while trading above the $6,400 level. Traders continue to watch the bullish inverted head and shoulders...
The British pound continues to move away from the 1.3290 level against the US dollar, as traders book profits ahead of the release of key Jobs and Wage data from the United Kingdom economy.
The GBPUSD pair has recently failed to move price above the 1.3300 level, as ongoing Brexit concerns limit the upside in the British pound. Buyers will look to target the...
The euro currency continues to trade above the 1.1700 level against the US dollar, with bulls pressing against the key 1.1724 resistance level.
Euro traders remain cautious ahead of Federal Reserve Chair Jerome Powell’s semi-annual testimony before US Congress later today.
Buyers will look to advance well-beyond the 1.1724 level to keep the recent bullish...
Litecoin continues to trade to the downside, as the broader cryptocurrency remains pressured by bearish fundamentals developments and a lack of buying interest.
Litecoin is likely to see the next strong directional move coming soon according to the MACD indicator. Buyers will aim to break above the LTCUSD pairs 50 period moving average on the four-hour time...
The British pound has regained bullish momentum against the US dollar, after US President Donald Trump’s speech with British Prime Minister Theresa May reaffirmed the two countries commitment to a future trade deal.
The GBP/USD pair has now moved back above the key 1.3205 level and is currently testing the 200 period moving average on the four hour time...
The euro currency has once again recovered upside momentum against the US dollar, after the US dollar index failed to hold onto gains above the 95.00 level during the US trading session on Friday.
The EURUSD pair is now trading above its 200 period moving average on the four hour timeframe, whilst the MACD indicator on the four hour timeframe is currently...
Ethereum is under heavy selling pressure on Friday, after earlier falling to a fresh monthly trading-low just above the key $400 support level. The sentiment surrounding the cryptocurrency market market remains fragile, following the latest hacking scandal involving cryptocurrency exchange Bancor. Sellers are increasingly likely to test the $395 support level,...
The British pound has fallen sharply lower against the US dollar, hitting 1.3169, after US President Trump warned British Prime Minister Theresa May that a soft Brexit plan would harm trade-relations between the US and the UK. The GBPUSD pair has now broke its established trading-range between the 1.3200 and 1.3300 levels and is turning bearish. Sellers will look...
