OctaFX_Official

The British pound continues to advance to the upside against the US dollar, with the recent rally extending all the way to the 1.2930 resistance level. Overall, the short-term trend remains bullish while price continues to trade above the pivotal 1.2810 level. It also worth noting that we may be seeing a short-squeeze in the GBPUSD pair, ahead of today’s crucial ...

The euro has moved back towards the top of its weekly trading range against the US dollar, as the greenback comes under selling pressure across the board on Tuesday. EURUSD buyers are now attempting to take control of price action, with a strong move above the 1.1490 level now needed for bulls to advance towards the 1.1430 resistance barrier. Technical failure ...

Ethereum bulls are attempting to recover upside momentum in early Tuesday trade, with the ETHUSD pair bouncing sharply from key trendline support. If buyers can sustain the recovery, the recent pullback will have created a third higher trading low for the ETHUSD pair. Bullish momentum is also building, as the MACD indicator on the one and four-hour time frames are ...

The British pound is trading to the upside against the US dollar in early Monday trade, following reports that the United Kingdom’s departure from the European Union on March 29th could be delayed until July this year. The GBPUSD pair is intraday bullish while trading above the 1.2810 level and the MACD indicator on the daily time frame is also currently bullish. ...

The euro currency continues to trade on the backfoot against the US dollar, following Friday’s sharp technical reversal below the pivotal 1.1490 level. The 1.1460 level is the major support area to watch today, with losses below this level likely to prompt further losses towards at least the 1.1430 level. It is also worth noting that the EURUSD pair performed a ...

Bitcoin has started the new trading week under downside pressure, with the BTCUSD pair now trading below the important $3,660 technical level. The BTCUSD pair risks additional losses towards the $3,300 level while buyers are unable to hold price above the $3,660. It is also worth note that despite sellers taking control of price-action BTCUSD trading volumes are ...

The British pound remains largely unchanged against the US dollar, as traders await the release of important macroeconomic data from the United Kingdom economy this morning. A clear break from the 1.2700 to 1.2800 price range is currently needed to provide the impetus for the next directional move. Short-term technical indicators remain largely neutral for the ...

The euro currency is starting to recover short-term bullish momentum against the US dollar, following a brief test of buying demand below the key 1.1490 level. The intraday sentiment surrounding the EURUSD pair remains bullish while price trades above the 1.1490. It is also worth noting that the EURUSD has performed two consecutive daily price closes above its ...

The LTCUSD pair has come under heavy selling pressure, after a brief period of stability in the broader cryptocurrency market. The decline has so far found support from the $31.50 level, a further move below the $30.00 level will likely increase technical selling. It is also worth noting that LTCUSD bulls may use the pullback as a chance to buy the pair at a more ...

The euro has surged higher against the US dollar, following the release of a more dovish than expected meeting minutes from the Federal Open Market Committee.\u2028\u2028The 1.1550 level is now the key area to watch for further upside in the EURUSD, with bulls needing to hold price above this area for further gains towards the 1.1600 level. To the downside, EURUSD ...

The British pound is struggling to break above the 1.2800 level against the US dollar, as near-term Brexit risks are containing the upside in the pair. Despite GBPUSD bulls failure to surpass the 1.2800 level, the intraday sentiment towards the pair is bullish while price trades above the 1.2740 level. Traders now await the release of the Bank of England Credit ...

Bitcoin is trading in an increasingly narrow range on Thursday, with price seemingly trapped between the $3,960 and $4,100 levels. The broader cryptocurrency market is also seeing a number of top cryptocurrencies unable to break higher, after staging strong upside moves. BTCUSD buyers risk losing control of short-term price, as the recent rally in the pair is ...

The British pound has moved back towards the pivotal 1.2740 level against the US dollar after buyers failed to break above the 1.2810 resistance level. The current intraday sentiment surrounding the GBPUSD pair is neutral, although in the short-term buyers have the upper hand while price trades above the 1.2660 level. The MACD indicator on the daily time frame is ...

The euro is struggling to break higher against the US dollar currency, as buyers fail to close the daily candle above the pairs key 100-day moving average. Despite the failure to break the 1.1500 barrier, the EURUSD pair remains well-bid on pullbacks towards the 1.1400 support level. Traders now await the release of German export data and the official eurozone ...

Ethereum continues to hold firm around the $150.00 level, despite bearish fundamental developments surrounding the ETHUSD pair on Tuesday. Buying momentum is growing in the short and medium-term, with the ETHUSD pair also exhibiting the formation of a bullish cup and handle pattern on the lower time frames. Only a strong below the $138.00 support level can negate ...

The euro is starting to lose ground against the US dollar currency, after a failed attempt to break above the 1.1500 resistance level. The recent failure to overcome the 1.1500 level has provoked technical selling back towards the 1.1430 support level. The sustained break from the 1.1360 to 1.1470 trading range will likely provide a directional bias for short-term ...

The British pound continues to edge higher against the US dollar in early Tuesday trade, as buyers test towards the 1.2800 resistance level. If buyers can break above the 1.2810 resistance level, the GBPUSD pair could eventually rally towards the 1.2930 level. Technical failure before the 1.2810 resistance level will likely trigger heavy selling back towards the ...

The LTCUSD pair has opened the trading week strongly, with price breaking above the important $36.60 level and rallying towards the $39.00 region. Buyers now need to hold price above the $36.60 level for further advancement above the $40.00 level. The bullish inverted head and shoulders pattern has been triggered and remains the immediate focus for short-term ...