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ETHUSD INTRADAY BEARISH BELOW $458Ethereum continues to trade to the downside in early-week trading, with the ETHUSD pair trapped between the $458 to $440 price range. Over the coming trading sessions, we may see a strong directional breakout occur if traders clear the current narrow-ranges. Sellers will look to push price below the $440 support level, while buyers will aim to move price above the $458 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
[Red Apple] "Higher High?? "_ BTC/USD _ 18.07.30there was breakout upward from triangle pattern in last briefing but it still move sideways. Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '5. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) 1. Briefing # Sideways Movement # Golden cross ( 20EMA and 100EMA ) on Daily Chart ?? # Supported 20EMA on 4H Chart ?? 2. Weekly Chart 1) Trend Supported by Trend Line 2) Candle Opening Marubozu 3) EMA a. Candle was closed above 20EMA(red) b. Candles haven't been over 20EMA more than 2 candles from Jan. 2018. c. Blocked by SMA50(Purple dot) 3. Daily Chart 1) Trend Supported by Trend Line 2) Candle Doji 3) Volume getting lower and lower -> soon, will increase. 4) EMA a. 20EMA(red) crossed over 100EMA(orange) 4. 4H Chart 1) Trend Same as daily 2) Volume getting lower and lower -> soon, will increase. 3) EMA Check whether it is supported by 20EMA or not 4) Pattern it can be recognized symmetrical pattern as i explained or flag pattern and rectangle pattern. 5) Elliott Waves Fifth wave can be truncated. 6) Fibonacci resisted at 0.786 5. Strategy and Summary a. About previous briefing : There was breakout of the triangle pattern. at the moment, upper side of the pattern is being retested or just up and down in the box. if somebody bought BTC/USD, do not sell in panic before breakout of trend line. b. About this briefing : Same as previous briefing For Aggressive trader : trade when symmetrical triangle is broken. -> can buy now ($8070 ~ $8130) -> set stop-loss below trend-line(2~3% lower than entry price) For Conservative trader : trade when the price mark higher than previous. Do not afraid of Stop-Loss. if you lose money~ then, prepare new game~. In my case, i bought when BTC retest a trend line after breakout of the line again.(about $8100) and got profit from some alts coin and now, if BTC is going down under trend line again, i'll also sell BTC and try to prepare another game. Trade safely and make your standards If you think my idea is helpful for you, Click '+Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSD
by Red_Apple
EURUSD INTRADAY BEARISH BELOW 1.1650 LEVELThe euro has erased weekly gains against the US dollar, after ECB President Mario Draghi confirmed that the European Central Bank will leave eurozone rates unchanged until at least September 2019. The EURUSD pair is likely to weaken even further if price continues to trade below the key 1.1650 support level. Sellers will likely target a strong break below the 1.1600 level, while buyers will try to move price above the 1.1680 resistance level. The EURUSD pair is intraday bearish while trading below the 1.1650 level, key support is found at the 1.1600 and 1.1540 levels. If the EURUSD pair holds above the 1.1650 level, buyers will likely target the 1.1680 and 1.1700 resistance levels.
by OctaFX_Official
GBPUSD FURTHER BEARISH BELOW 1.3101 LEVELThe British pound has fallen sharply lower against the US dollar, after Chief EU Negotiator Michel Barnier rejected a key part of the United Kingdom’s Brexit trade proposal. The GBPUSD pair is now testing key support and is likely to weaken even further if price falls below the 1.3101 level. Sellers will try to target the 1.3000 support level, while buyers will try to stabilise price back above the 1.3177 level. The GBPUSD pair is strongly bearish while trading below the 1.3101 level, key support is now found at the 1.3050 and 1.3000 levels. If the GBPUSD pair holds above the 1.3101 level, buyers may test towards the 1.3177 and 1.3211 resistance levels.
by OctaFX_Official
GBPUSD STRONGLY BULLISH ABOVE 1.3177 LEVELThe British pound has continued to make progress higher against the greenback on Thursday, following a broad-based selloff in the U.S. Dollar Index. Sterling retains a strong intraday bullish bias while trading above the 1.3177 technical level. Buyers will look for further upside towards the 1.3245 and 1.3300 levels, while sellers will look to push price back below the 1.3177 level. The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels. If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.
by OctaFX_Official
EURUSD INTRADAY BULLISH ABOVE 1.1724 LEVELThe euro currency trades higher against the US dollar on Thursday, following a positive outcome from US President Donald Trump’s meeting with EU trade negotiator Jean-Claude-Juncker. The EURUSD pair now trades with a bullish intraday bias while price continues to hold above the 1.1724 technical level. Buyers will now attempt to move the EURUSD pair towards the 1.1800 resistance level, while sellers will look to gain control of the EURUSD pair below the 1.1680 level. The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance is currently found at the 1.1750 and 1.1790 levels. If the EURUSD pair trades below the 1.1680 level, sellers will likely target the 1.1650 and 1.1630 support levels.
by OctaFX_Official
BTCUSD BITCOIN CORRECTION LOWER UNDERWAY ? Bitcoin is starting to correct lower on Thursday, after finding strong technical resistance from just below the key $8,500 level. The BTC/USD pair has also reached overbought trading conditions on the MACD and RSI indicators, across the four-hour time frame. Sellers will now try to push price back below the $8,000 support level, while buyers will once again look to break the $8,500 resistance level. The BTCUSD pair is likely to weaken further while trading below the $8,000 level, key technical support below the $8,000 level is located at the $7,800 and $7,680 levels. If the BTCUSD pair moves back above the $8,460 level, buyers will likely target the $8,500 and $8,800 resistance levels.
BITFINEX:BTCUSD
by OctaFX_Official
LTCUSD INTRADAY BULLISH ABOVE $85 LEVELLitecoin, the sixth largest cryptocurrency by market capitalisation has started to move away from the $88 level, after posting strong double-digit gains in early week trading. The LTC/USD pair only retains its recent bullish bias while price trades above the key $85 support level. Buyers will likely target the $92 resistance level, while sellers will look to test the LTC/USD pairs 200 periods moving average on the four-hour time frame, which is located at the $82.50 level. The LTCUSD pair is only intraday bullish while trading above the $85.00 level, further upside towards the $88.00 and $92.00 resistance levels remains possible. If the LTCUSD pair falls below the $85.00 level, sellers will likely test towards the $84.00 and $82.55 support levels.
BITFINEX:LTCUSD
by OctaFX_Official
GBPUSD FURTHER UPSIDE EXPECTED ABOVE 1.3155The British pound continues to press higher against the greenback on Wednesday, with short-term bulls retaining control of the GBPUSD pair. Further intraday upside now seems likely if buyers can sustain price above the key 1.3155 resistance level. The 1.3205 level remains a major target for sterling bulls, while sellers will look to take back short-term of the GBPUSD pair below the 1.3080 level. The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels. If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.
by OctaFX_Official
EURUSD SELLERS TESTING KEY SUPPORT AGAINThe euro has fallen back towards key weekly support against the US dollar as traders book profits ahead of a number of key risk-events for the single currency. EURUSD traders await Thursday’s ECB policy decision and US President Donald Trump’s scheduled meeting with European trade officials. Buyers now need to keep price above the 1.1724 resistance level, while sellers now need to hold price below the 1.1650 level. The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance above the 1.1724 level is found at the 1.1750 and 1.1790 levels. If the EURUSD pair falls below the 1.1650 level, key technical support is found at the 1.1630 and 1.1600 levels.
by OctaFX_Official
ETHUSD STRONGLY BEARISH BELOW $440Ethereum has fallen back towards the $440 support level in Tuesday trading, with the second most popular cryptocurrency looking increasingly weak. The ETHUSD pair was strongly rejected from the $460 level on Monday, as the early-week recovery faded. Sellers will now look to target the $395 support level, while buyers will aim to move price above the $460 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $460 level, buyers may test towards the $482 and $500 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
GBPUSD TESTING CRITICAL WEEKLY SUPPORTThe British pound is starting to trade towards key weekly support against the US dollar on Tuesday, as the greenback starts to recover higher. The GBPUSD pair is currently hovering around the key 1.3100 support level, with price so far finding interim technical support from the 1.3080 level. Sellers will likely target further losses below the 1.3080 level, while buyers will target the 1.3155 resistance level. The GBPUSD pair is bearish while trading below the 1.3100 level, key technical support is found at the 1.3080 and 1.3050 levels. If the GBPUSD pair holds above the 1.3100 level, key resistance is found at the 1.3155 and 1.3194 levels.
by OctaFX_Official
EURUSD VULNERABLE TO LOSSES BELOW 1.1681The euro continues to reverse early-week gains against the US dollar, as trade war fears help to underpin strength in the greenback. The EURUSD pair is currently trading below the 1.1700 level and remains at risk of further losses if price slips below the 1.1681 level. The MACD indicator is also starting to turn lower across the four-hour time frame, while price is also starting to approach the 200-period moving average on the mentioned time frame. The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels. If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
by OctaFX_Official
EURUSD VULNERABLE TO LOSSES BELOW 1.1681The euro continues to reverse early-week gains against the US dollar, as trade war fears help to underpin strength in the greenback. The EURUSD pair is currently trading below the 1.1700 level and remains at risk of further losses if price slips below the 1.1681 level. The MACD indicator is also starting to turn lower across the four-hour time frame, while price is also starting to approach the 200-period moving average on the mentioned time frame. The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels. If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
by OctaFX_Official
GBPUSD INTRADAY BULLISH ABOVE 1.3100 LEVELThe British pound continues to benefit from broad-based weakness in the greenback on Monday, with the GBPUSD pair once again reclaiming the 1.3100 level. The GBPUSD has scope to recover higher while trading above the 1.3100 level, assuming the US dollar index continues to trade lower. Buyers will look to target the 1.3194 level, while sellers will attempt to hold price below the 1.3100 level. The GBPUSD pair is intraday bullish while trading above the 1.3100 level, key technical resistance is now found at the 1.3155 and 1.3194 levels. If the GBPUSD pair falls below the 1.3100 level, sellers will likely target the key 1.3080 and 1.3055 resistance levels.
by OctaFX_Official
EURUSD INTRADAY BULLISH ABOVE 1.1724 LEVELThe euro continues to trade to the upside against the US dollar after Friday’s sharp reversal, following US President Donald Trump’s bearish comments about the US currency. The EURUSD pair retains a strong intraday bullish bias while trading above the 1.1724 technical level. EURUSD buyers will look for further gains above the 1.1755 level, while sellers will look to move the price back towards the 1.1650 support level. The EURUSD pair is intraday bullish while trading above the 1.1724 level, key resistance is found at the 1.1755 and 1.1800 levels. If the EURUSD pair moves below the 1.1724 level, sellers will likely test towards the 1.1681 and 1.1650 support levels.
by OctaFX_Official
BTCUSD ONLY INTRADAY BEARISH BELOW $7,200Bitcoin 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 will look to hold the BTCUSD pair above the $ 7,500 level. The BTCUSD pair is only intraday bearish while trading below the $7,200 level, key technical support below $7,200 level is located at the $7,000 and $6,837 levels. If the BTCUSD pair continues to trade above the $7,500 level, further upside towards the $7,738 and $8,000 resistance levels seems possible.
BITFINEX:BTCUSD
by OctaFX_Official
ETHUSD FUTHER BEARISH BELOW $440Ethereum 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 level. The ETHUSD pair remains bearish while trading below the $482 level, further losses towards the $440 and $415 support levels seems possible. If the ETHUSD pair moves above the $482 level, buyers will likely test towards the $500 and $530 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
GBPUSD UNDER PRESSURE BELOW 1.3030 LEVELThe 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 will attempt to stabilize price above the 1.3030 level. The GBPUSD pair is strongly bearish while trading below the 1.3030 level, key technical support is found at the 1.3000 and 1.2954 levels. If the GBPUSD pair moves above the 1.3030 level, buyers will likely target the key 1.3082 and 1.3100 resistance levels.
by OctaFX_Official
EURUSD STILL UNDER PRESSURE BELOW 1.1681The 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, while sellers will target losses below the key 1.1600 support level. The EURUSD pair is still bearish while trading below the 1.1681 level, key support is found at the 1.1630 and 1.1600 levels. If the EURUSD pair moves above the 1.1681 level, buyers will attempt to move price towards the 1.1700 and 1.1744 resistance levels.
by OctaFX_Official
USDJPY CORRECTION ONLY POSSIBLE BELOW 112.80The 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, while buyers will aim to reclaim the 113.00 level. The USDJPY pair is only intraday bearish while below the 112.80 level, downside targets are found at the 112.20 and 111.70 levels. If the USDJPY pair moves above the 113.00 level, Buyers will likely test towards the 113.20 and 113.40 resistance levels.
by OctaFX_Official