The British pound has risen sharply high against the US dollar as speculation continues to grow that the UK will delay its departure from the European Union. The GBPUSD pair now has a strong intraday bullish bias while trading above the 1.3095 level and may soon target the 1.3200 resistance area. Traders should note the four-hour time frame shows the potential...
Litecoin has started to make a technical correction lower after the cryptocurrency reached the overall bullish objective of the inverted head and shoulders pattern. The broader cryptocurrency market is also under slight selling pressure on Tuesday, following Monday’s heavy sell-off. Overall, bulls must defend the $39.50 level to retain the pairs short-term bullish...
Testimony and trade During the upcoming trading week traders and investors look to Federal Reserve Chair Jerome Powell testimony and US trade negotiations for direction. Fed Chairman Jerome Powell will appear before US Congress on Tuesday and Wednesday to discuss the economy and US monetary policy, markets will be focused on his latest thoughts on US interest...
Bitcoin is falling towards major weekly support at the start of the new trading week after buyers failed to rally the BTCUSD pair above the psychological $4,100 resistance level. If sellers break the $3,700 support level, the BTCUSD pair is likely to come under further selling pressure towards the $3,550 level. If bulls can defend the $3,700 technical level, a...
The British pound is attempting to move higher against the US dollar after sellers failed to hold price below the key 1.3000 support level. Buyers have now moved price above the pivotal 1.3050 level, with the 1.3095 level the key intraday resistance area to watch. If bulls fail to rally the GBPUSD pair above the 1.3095 level, traders should expect a decline back...
The euro is starting to lose bearish momentum against the US dollar as sellers continue to struggle to break the key 1.1300 support level. The EURUSD is trading back above the pivotal 1.1337 level, with bulls attempting to launch another attack at the 1.1370 resistance level. If buyers can force price above the 1.1370 level, the 1.1500 resistance level is the...
The British pound is attempting to move lower against the US dollar on Friday after buyers once again failed to hold price above the key 1.3095 resistance level. A sustained technical break below the 1.3000 support level should encourage strong selling towards the 1.2965 level. If buyers can move price above the 1.3095 level the GBPUSD pair could start to rally...
The euro has a neutral intraday bias against the US dollar as buyers and sellers struggle to take control of price-action in the short-term. The 1.1337 level is the key intraday pivot point, with the EURUSD pair now confined to tight range bound trading conditions. Technical indicators on the four-hour time frame are moving lower, especially if sellers can hold...
Ethereum continues to hold a bullish short-term bias on Friday, with the second largest cryptocurrency trading well above the $140.00 level. If the ETHUSD pair can break above the $160.00, the cryptocurrency will perform a major technical breakout above a triangle pattern. If sellers force price back under the $140.00 level, a technical correction back towards the...
Bitcoin is starting to consolidate recent gains just below the $4,000 level on Thursday, with the BTCUSD pairs price-action becoming increasingly bullish. If buyers can force price above the $4,400 level, a breakout towards the $5,000 level appears likely. Only a sustained loss of the key $3,700 support level can negate the short-term bullish outlook currently...
The euro currency is under slight downward pressure against the US dollar on Thursday after the pair was strongly rejected from key trendline resistance, at 1.1370. The EURUSD pair currently has a neutral intraday bias and will only turn bearish once trading below the 1.1337 level. Traders now await the release of key PMI Manufacturing and Services data for the...
The British pound is starting to lose bullish momentum against the US dollar after the pair failed to hold price above the important 1.3095 resistance level. If sellers move price below the 1.3000 support level, a deeper intraday technical correction towards the 1.2965 level may occur. Technical indicators on the key four-hour time frame are also starting to...
Litecoin is under is trading close to the best level of the year so far, after the cryptocurrency reached the first bullish objective of the bullish inverted head and shoulders pattern. The LTCUSD pair may advance towards the $55.00 region if buyers can break above the $49.50 resistance area. Alternatively, technically failure from current levels may prompt a...
The British pound has made a strong move higher against the US dollar, following dovish comments from Federal Reserve member Loretta Mester. The GBPUSD pair is approaching major technical resistance around the 1.3095 level, a move above this level exposes further upside towards the 1.3200 level. A bullish inverted head and shoulders pattern is now visible on the...
EURUSD bullish breakout above 1.1370 The euro is building bullish momentum against the US dollar, after breaking above the 1.1337 resistance level during Tuesday’s US trading session. If EURUSD bulls can sustain the pressure and force price above the 1.1370 level, the pair could easily rally towards the 1.1410 level. Technical indicators across the four-hour time...
The US dollar continues to trade in a narrow range against the Japanese yen currency, with the retaining a slight bullish bias while trading above the 110.40 level. A break above the 110.80 level may trigger technical buying in the USDJPY pair towards the 111.40 level. A sustained move below the 110.24 support level should provoke technical selling towards key the...
The British pound is holding above the 1.2900 level against the US dollar on Tuesday, as traders await the release of key wage and jobs data from the United Kingdom economy this morning. The GBPUSD pair may test towards the key 1.3000 level if the data is better than expected, while worse than expected data may see the pair failing back towards the 1.2830 level....
Bitcoin has finally turned bullish in the short-term after the number one cryptocurrency performed a technical breakout above the $3,700 level on Monday. If BTCUSD buyers can break the upcoming $3,960 resistance level, a strong rally towards the $4,600 level may occur. Technical indicators on the four-hour time frame continue to rise, with the BTCUSD pair also...