The euro has come under further selling pressure against the US dollar, with the pair moving to a fresh monthly trading low below the 1.1300 level. If sellers can break the 1.1275 level, the next major support zone to watch is the key 1.1230 technical area. Traders should note that the MACD and RSI indicators on the four-hour time frame are starting to approach...
Bitcoin has fallen below the important $3,700 support level in early Tuesday trade, with the number one cryptocurrency at increasing risk of losing its short-term bullish bias. The broader cryptocurrency market is also under pressure, with a number of top digital currencies declining on light trading volumes. A sustained break below the $3,700 level should...
The euro remains under bearish pressure against the US dollar on Tuesday, with the pair briefly dropping towards the key 1.1300 support level. Further intraday losses are expected while the EURUSD pair trades below the 1.1337 level, which is former support now turned key resistance. Technical indicators on the four-hour time frame continue to suggest that more...
The British pound is under selling pressure against the greenback on Tuesday, with the pair now trading below the key 1.3200 support level. The GBPUSD pair is now testing minor support around the 1.3170 level, with key weekly support below, at 1.3100. Technicals indicators on the four-hour time suggest that the GBPUSD pair has further scope to trade lower in the...
The British pound has recovered back towards the pivotal 1.3230 level against the greenback in early Monday trade, after briefly falling below the 1.3200 support level. The GBPUSD pair retains a bullish short-term bias while clearly trading above the 1.3230 level. Traders now await key Construction PMI data from the UK economy and the start of fresh Brexit...
The euro is under slight downside pressure against the US dollar currency on Monday, with the pair trading towards the lower end of its seven-day trading range. The EURUSD pair is expected to drift lower while trading below the pivotal 1.1380 level, with key support below at 1.1337. The MACD indicator on the four-hour time frame is also showing further intraday...
Ethereum has started the new trading week under downside pressure, with the second largest cryptocurrency trading below the $130.00 level. If the ETHUSD pair continues to hold below this level, sellers may test towards key trendline support, at $115.00. The ETHUSD pair is trading within a large symmetrical triangle pattern, with a break below the $115.00 level...
Pound breakout The British pound moved to its highest level against the US dollar since September 2018 this week, as financial market participants started to factor in the possibility of UK lawmakers extending the Article 50 agreement. British PM Theresa May confirmed that if her latest Brexit deal is rejected this month, she will hold a vote in UK Parliament,...
Bitcoin has started the new trading month with a slight bullish bias, as the key $3,700 support level continues to be defended on moves lower. Indicators on the daily time frame are trending higher, although the recent upward momentum is weakening. BTCUSD buyers must now break above the cryptocurrencies former monthly highly in order to keep the short-term bullish...
The British pound is starting to correct lower against the US dollar on Friday after the US economy posted much stronger than expected economic data. The GBPUSD pair is testing towards the pivotal 1.3230 level, with key support below at the 1.3200 level. If bulls can defend the 1.3230 level, traders should expect a strong rebound back towards the 1.3300 resistance...
The US dollar has broken sharply higher against the Japanese yen currency after the greenback received a strong bid following better than expected US economic data. The USDJPY pair is trading above its 200-day moving average and holds a strong bullish bias while above the 111.12 level. The next bullish target above the 111.40 level is found at the 112.20...
The British pound continues to trade above the 1.3300 resistance level against the US dollar as the breakout move higher in the pair gathers pace. The GBPUSD pair has a strong bullish momentum while trading above the 1.3300 level, although the overall intraday bias remains in place while price trades above the 1.3230 level. The 1.3400 level currently offers the...
The euro currency is coming under slight selling pressure against the US dollar on Thursday after buyers repeatedly failed to break through the 1.1400 resistance level. The EURUSD is currently trading within a rising price channel on the four-hour time frame, with price now testing key trendline support. The overall intraday bias surrounding the EURUSD is bearish...
Ethereum is attempting to recover higher on Thursday as buyers continue to defend the major weekly technical support area. The second largest cryptocurrency by market capitalization retains its short-term bullish bias while trading above the important $130.00 level. Overall, a sustained break from the $130.00 to $147.00 price range will need to occur before the...
The British pound has risen to its highest trading level against the US dollar since September 2018, after British Prime Minister Theresa May confirmed that Article 50 could be extended for a limited period. The GBPUSD pair has pulled back slightly from the 1.3300 resistance area, although the strong intraday bullish will remain intact while price trades above the...
The euro has risen to a fresh monthly high against the US dollar after the US dollar came under pressure following Federal Reserve Chair Jerome Powell’s testimony on Capitol Hill. The EURUSD pair has broken back inside the rising price channel on the four-hour time frame, with the 1.1400 level now key resistance. Traders should expect further intraday upside in...
Bitcoin is coming under increasing selling pressure after the number one cryptocurrency was strongly rejected from the $4,000 level. Technical indicators on the four-hour time are still turning lower, which may signal further losses ahead for the BTCUSD pair. Traders should note that the BTCUSD pair will only turn short-term bearish if price trades below the...
The US dollar has moved to a new monthly trading high against the Japanese yen currency, with the pair finally breaking from its ten-day trading range. The USDJPY pair has a strong intraday bullish bias while trading above the 111.12 resistance level, with buyers now likely to target the 111.40 level. Traders are likely to remain slightly cautious, as Federal...