OctaFX_Official

The British pound has staged a strong upside rally against the US dollar, following the release of more positive news regarding Brexit negotiations. GBPUSD bulls have now triggered a bullish inverted head and shoulders pattern, with the 1.2480 level the overall target. The 1.2310 level is the next major resistance level to watch if bulls can maintain the GBPUSD...

The euro is back under downside pressure against the greenback, after suffering another upside rejection from the 1.1110 level and falling to fresh new weekly trading low. Technically, the EURUSD is going to struggle to find attract buying interest if the pair continues to fail above the 1.1100 level. Chair Powell’s speech later today and the upcoming G7 meeting...

Ethereum is attempting towards the $200.00 level after the second-largest cryptocurrency found strong technical support from the $180.00 level. Bulls need to rally the ETHUSD pair above the $210.00 level to trigger a much stronger move higher towards the $230.00 region. If sellers can move price back under the current monthly low the ETHUSD pair could fall another...

The euro currency is trader slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes. The release of EU PMI Manufacturing data is the main market mover for EURUSD pair, with bearish German data likely to force a test of the 1.1050 level. A better than expected German PMI number could prompt another test of...

The British pound is still holding above the 1.2100 level against the US dollar, although the pace of recent gains has now started to slow down. Bulls need to move price above the current weekly trading high to encourage buying towards the 1.2200 level. Overall, a potential inverted head and shoulders pattern may be forming while price holds above the 1.2080...

Bitcoin has suffered heavy losses after the number one cryptocurrency was strongly rejected from just under the $11,000 level earlier this week. Bulls need to move price back above the $10,500 level to secure the BTCUSD pairs short-term outlook. Overall, selling technical pullbacks is favoured over buying while the BTCUSD pair trades under the important $10,600...

The euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact. Bearish fundamental news has failed to push the EURUSD pair lower, which may encourage bulls to test towards the current weekly high. Overall, the release of the FOMC Meeting Minutes should be the next directional catalyst for the...

Litecoin is testing lower in early Wednesday trade after the fifth-largest cryptocurrency was heavily rejected from the $80.00 resistance level. A sustained break of the $70.00 support level is likely to see the LTCUSD pair to fall towards the $60.00 level. Overall, despite being oversold the LTCUSD pair has yet to attract buying interest, which points to a...

The British pound has seen a strong bullish reversal against the US dollar, following the release of positive Brexit news on Tuesday. The recovery from the 1.2080 level has shown that short-term bulls are back in control of the GBPUSD pair and may soon target the 1.2200 level. Given the sentiment shift in the GBPUSD pair, buying dips is current the preferred...

The US dollar is holding onto its recent strong gains against the Japanese yen currency, following a bullish move above the 106.50 level. The four-hour time frame currently shows that a bullish upside breakout from a large triangle pattern has now taken place. The upside target is the 108.00 level, although USDJPY buyers currently face strong technical resistance...

The euro is still trapped around the 1.1100 level against the US dollar as the traders remain cautious ahead of the FOMC Meeting Minutes and EU PMI data later this week. If buyers can continue to defend the 1.1150 to 1.1170 price region a potential double-bottom pattern could form this week. Overall, unless buyers take price above the 1.1160, selling EURUSD is...

Bitcoin has opened the new trading week in a bullish mood, as the first cryptocurrency continues to recover after last weeks drop towards the $9,500 level. Buying any technical pullbacks is currently preferred as the BTCUSD pair could move back towards the $10,100 to $10,500 levels. Overall, the BTCUSD pair could start to target the $11,500 level, if buyers...

The British pound has started to give back recent gains against the US dollar following a strong technical rejection from the 1.2150 level. The recent rejection has also helped to form a large head and shoulders pattern across the lower time frames. Bears now need to force the GBPUSD pair back under the 1.2080 level to turn the intraday sentiment heavily bearish...

The euro currency has fallen back towards the 1.1100 level against the US dollar after crashing below the 1.1130 support level on Thursday. The euro is extremely bearish while trading below the 1.1100 level and now risks falling back towards its current yearly low. Bulls will be looking for a double-bottom formation, however, the fundamentals behind the EURUSD are...

Bitcoin is attempting to recover upside momentum, after the number one cryptocurrency found strong support from the $9,400 level. The $10,000 level is now a natural pivot for the BTCUSD pair and key area to watch for a potential technical correction back towards the $10,400 to $10,800 resistance zone. Sellers may start to attack back toward the $9,400 level if the...

The British pound remains vulnerable to further losses against the US dollar, ahead of the release of United Kingdom Retail Sales data this morning. Weaker than expected UK data could easily spark a bearish decline in the GBPUSD pair under the 1.2000 support level. Stronger data may support another run at the 1.2100 level, although GBPUSD bulls may need the pair...

Ethereum has fallen under the $200.00 level as the entire cryptocurrency market comes under heavy downside selling pressure. The ETHUSD pair may become an attractive buy from current levels, given that the second largest cryptocurrency is technically oversold. Bulls moving in from current levels would need to move price back above the $220.00 level to steady...

The euro is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level on Wednesday. Bears could easily force a deeper decline towards the 1.1100 level if the 1.1130 support level becomes breached. Overall, market sentiment towards the EURUSD pair is very bearish while price continues to trade below the pivotal...