OctaFX_Official

The euro currency is losing ground against the greenback on Friday, following a strong technical reversal in the US dollar index. The EURUSD pair has a bearish intraday bias while trading below the 1.1360 level, whilst the 1.1400 level is former key support now turned resistance. Sellers will likely target the 1.1290 level if price continues to trade beneath the...

The British pound is under pressure against the US dollar as the United Kingdom still faces the prospect of leaving the EU without a deal in just seven days time. If the GBPUSD pair once again falls below the 1.3100 support level, the bearish sentiment will increase. Bulls now need to move price above the 1.3200 resistance level in order to stabilize the GBPUSD...

Litecoin is testing interim support on Friday, as the fourth largest cryptocurrency struggles to make gains above the $60.00 resistance level. Bearish price divergence is also building on the Momentum and MACD indicators on the four-hour time frame. A sustained break under the $53.00 support level should accelerate technical selling back towards the important...

The US dollar is under increasing downside pressure against the Japanese yen currency following yesterday’s FOMC interest rate decision. A bearish triple-top pattern formation is present, while price has also convincingly broken outside of the rising price channel on the four-hour time frame. The 110.40 and 109.80 levels offer bearish weekly targets while the...

The euro has soared higher against the US dollar after the US FOMC Dot Plot showed that the central bank does not expect to hike US interest rates again this year. The EURUSD pair has a strong intraday bullish bias while trading above the 1.1400 level, key weekly resistance is now found at the 1.1500 level. Only a sustained move under the 1.1360 support level can...

Bitcoin is testing above the $4,000 resistance level in early Thursday trade, with the number one cryptocurrency confined to its smallest two-week trading range since October 2018. Despite the narrow trading ranges, the BTCUSD pair still retains a bullish bias while trading above the symmetrical triangle pattern on the four-hour time frame. Only a sustained move...

The US dollar has recovered higher against the Japanese yen currency after sellers failed to hold price below key trendline support from the rising price channel on the four-hour time frame. Bulls need to break above the 111.80 level to negate a potential triple top pattern formation and push price above the 112.15 resistance level. Sellers will have to force the...

The euro is struggling to break above the key 1.1360 resistance level against the US dollar on Wednesday, as traders await the FOMC monetary policy decision later today. The EURUSD pair may test back towards the 1.1290 level if bulls fail to break the 1.1360 level. A strong advance above the 1.1360 level will likely provoke buying towards the 1.1400 level, with...

Ethereum is edging closer to major trendline resistance on Wednesday as short-term bulls continue to retain control of the second largest cryptocurrency. The ETHUSD pair has now broken above the Ichimoku cloud on the four-hour time frame, with the $145.00 level the strongest form of resistance above. If bulls can break above triangle resistance, the overall...

Bitcoin has performed a bullish breakout above a long-term triangle pattern on the daily time frame, with the number one cryptocurrency test the $4,000 resistance level. The BTCUSD pair had been trapped inside the symmetrical triangle pattern since last December. The overall projection for the upside breakout would take the BTCUSD towards the $5,200 resistance...

The euro as started the new trading week with a renewed bid-tone against the US dollar, with the pair trading close to the best levels of the month so far. If bulls can keep price above the 1.1325 level the next key intraday resistance level is found at the 1.1360 level. If the EURUSD pair falls below the 1.1325 level, sellers may force a technical test of major...

The British pound is trading close to the 1.3300 level against the US dollar in early week trade as the greenback comes under pressure across the board. The GBPUSD pair has a strong intraday bullish bias while trading above the 1.3240 support level. Further gains above the 1.3300 level may lead to an eventual technical test of the current yearly trading high, at...

British pound volatility surges as Brexit uncertainty grips currency markets Brexit volatility The British pound became increasingly volatile on the foreign exchange market this week, as UK lawmakers took part in a series of crucial Brexit votes in UK Parliament. British Prime Minter Theresa May once again failed to pass her Brexit bill through UK Parliament...

The US dollar is holding above key weekly technical support against the Japanese yen currency, with the earlier Bank of Japan policy meeting having only a limited effect on the pair. Buyers still retain intraday control of the USDJPY pair and are likely to target a bullish weekly price close above the 112.00 level. The MACD indicator on the four-hour time frame is...

Litecoin continues to trade around the best levels of the year, with the LTCUSD pair well-supported on any technical pullbacks. The fourth largest cryptocurrency by market capitalization holds a strong intraday bullish bias while trading above the $54.00 level. The $51.80 level is minor technical support, while the $42.00 level offers critical weekly support for...

The British pound continues to firm above the 1.3200 level against the US dollar, with the volatile currency pair still enjoying strong dip-buying demand. GBPUSD bulls have been struggling to hold price above the 1.3300 resistance level this week. The 1.3300 level is critically important, as it represents the neckline of a bullish inverted head and shoulder...

The US dollar is advancing higher against the Japanese yen on Thursday, with the pair breaking range and moving towards its weekly pivot point. Further intraday gains in the USDJPY pair are expected if bulls can hold price trades above the pivotal 111.60 level. The overall upside objective of the rising price channel on the four-hour time frame is currently...

The British pound has moved to a fresh 2019 trading high against the US dollar after UK Parliament voted that a Brexit no-deal scenario should be ruled out. The GBPUSD pair has moved back under the 1.3300 level but still retains an intraday bullish bias while trading above the 1.3100 level. Traders should note that buyers have control of price-action, with the...