OctaFX_Official

Litecoin is attempting to recover above the $80.00 level on Friday as the entire cryptocurrency market remains well supported. The four-hour time frame is showing a descending triangle pattern that will decide the next directional move for the LTCUSD pair. A bullish breakout will take the LTCUSD towards the $120.00 level, while a bearish breakout may take the...

The euro currency continues to weaken against the US dollar on Friday following yesterday’s much weaker than expected eurozone manufacturing data. The EURUSD pair is intraday bearish while trading below the 1.1250 level, with critical support located at the 1.1175 level. Technical indicators on the daily time frame are also showing that selling pressures are...

The British pound has fallen to its weakest trading level against the US dollar so far this month as the greenback surges higher across the board. The GBPUSD pair is heavily bearish while trading below the 1.2985 level, while the 1.3030 level former support turned key intraday resistance. The downside target of the large head and shoulders pattern on the one-hour...

Bitcoin is starting to move higher after the number one cryptocurrency bounced from key weekly support from the $5,200 level. BTCUSD bulls now need to move price above the $5,452 level to negate the head and shoulders pattern on the four-hour time frame. The Ichimoku indicator on the four-hour time frame is showing that the BTCUSD pair will start to fall back...

The British pound is trading close to the worst levels of the week against the US dollar as traders await the release of Retail Sales data from the United Kingdom economy. The GBPUSD pair remains technically weak and will decline sharply if the 1.3030 support level is clearly broken. Bulls need to move price above the 1.3080 level to change the intraday sentiment...

The euro is consolidating around the 1.1290 level against the US dollar as the pair remains trapped within its tightest weekly trading range of 2019 so far. The Ichimoku indicator is showing that buyers need to close price above the 1.1315 level to accelerate technical buying interest. Sellers need multiple four-hour time frame closes below the 1.1290 level to...

Litecoin is struggling to advance above the $80.00 on Tuesday, as the fifth largest cryptocurrency fails to attract fresh buying interest. The Ichimoku indicator on the daily time frame is currently showing that the $75.00 level is acting as major weekly support. If sellers manage to move the LTCUSD pair under the $75.00 level, a further decline towards the $65.00...

The British pound is consolidating below the 1.3100 level against the US dollar as traders await the release of key jobs and earnings data from the Uk economy. Better than expected economic data could lift the GBPUSD pair towards the 1.3125 level, with the 1.3200 level extended resistance. Worse than expected data could provoke a decline towards the 1.3055 level,...

The euro continues to trade around the 1.1300 resistance level against the US dollar in early Tuesday trade as buyers struggle to break through strong technical resistance. The Ichimoku cloud on the daily time frame is currently offering strong resistance extending to the 1.1370 level. The Ichimoku indicator on the daily time is showing that the 1.1260 level is...

INFLATION AND RATES During the upcoming trading week the UK economy comes under the spotlight, as the United Kingdom economy releases a raft of high-impacting macroeconomic data releases. With Brexit delayed until October 31st, traders and investors will once again start to focus on the underline fundamentals behind the UK economy. Global inflation data is also...

INFLASI DAN SUKU BUNGA Selama minggu perdagangan berikutnya, perekonomian Inggris berada di bawah sorotan begitu perekonomian Inggris menerbitkan sejumlah besar data makroekonomi yang berdampak besar. Dengan Brexit yang ditunda hingga tanggal 31 Oktober, para trader dan investor akan sekali lagi memulai fokus mereka terhadap fundamental yang digarisbawahi di balik...

The US dollar continues to enjoy strong buying interest against the Japanese currency after the pair closed the former trading week above its key 200-day moving average. The USDJPY pair has a strong bullish bias while trading above the 111.80 level, with the 113.20 level the strongest weekly resistance area. The four-hour time is also showing that a bullish...

The euro is trading close to the 1.1300 level against the US dollar after finding strong technical resistance from the 1.1325 level last Friday. The bullish inverted head and shoulders on the lower time frames has reached its upside target, with the 1.1360 level now major weekly resistance. Looking at the downside, if sellers move price below the 1.1250 support...

Bitcoin has opened the new trading week with a bullish tone, as BTCUSD buyers attempt to recover the losses that occurred towards the end of last week. The Ichimoku indicator is currently showing that major weekly support is located at the $4,920 level, while critical support is located at the $4,500 level. Key weekly resistance for the BTCUSD pair is currently...

The US dollar has made a strong upside recovery from the 111.00 level against the Japanese yen currency as investor demand for the greenback returns. The USDJPY pair has a strong intraday bullish bias while trading above the 111.60 resistance level. Technical indicators on the four-hour time frame suggest that the USDJPY pair can trade higher over the...

The euro currency has recovered higher against the US dollar in early Friday trading as buyers move price back towards breakout resistance. The EURUSD pair has a bullish intraday outlook while trading above the 1.1250 level, although the 1.1290 level remains critical weekly resistance. If buyers lift the EURUSD pair above the 1.1290 level further short-term buying...

Ethereum is under selling pressure on Friday after bulls failed to move the second largest cryptocurrency above the $185.00 resistance level. A bearish double-top pattern has formed on the four-hour time frame, which is adding to intraday technical selling pressure on the ETHUSD pair. The ETHUSD pair could start to slip towards its 200-day moving average if price...

The US dollar has fallen to a new monthly trading low against the Japanese yen currency after the FOMC meeting minutes showed that US policymakers remained dovish towards interest rates. The USDJPY briefly traded below the 110.90 support level, with a sustained price close now needed to turn the weekly sentiment towards the pair bearish. Technical indicators on...