The euro is starting to probe the 1.1351 resistance level against the US dollar, after a failed attempt to contain price below the 1.1300 level. A sustained move above the 1.1351 level supports further bullish advancement for the EURUSD pair towards the 1.1400 resistance level. It is also worth noting that price is trading within a bear flag pattern across the...
Ethereum is starting to probe towards the $180.00 resistance level, after sellers failed to break below the current yearly trading low, at $157.00. Overall, the pressure remains to the downside, despite the marginal recover towards the October trading low. The Moving Average Convergence Divergence indicator on the daily frame is also signalling further losses for...
Bitcoin has crashed to a fresh 2018 trading low, amidst a strong technical sell-off in the broader cryptocurrency market on Thursday. The BTCUSD pair is strongly bearish while trading below the $5,700 level and risks deeper losses towards the $5,000 level. Price has also broken below the neckline of a large head and shoulders pattern on the daily time frame. The...
The British pound is trading around the psychological 1.3000 level against the US dollar, ahead of the release of key Retail Sales data from the United Kingdom economy this morning. The GBPUSD pair remains volatile amidst ongoing Brexit news, with price earlier spiking towards the 1.3070 level. Buyers need to break the 1.3100 resistance level while sellers need to...
The US dollar has broken to the downside against the Japanese yen, following a strong move lower in US equity markets on Wednesday. The USDJPY pair has broken below key trendline support from the well-defined rising wedge pattern on the four-hour time frame. Additional intraday selling pressure will be placed on the USDJPY pair if price trades below the 112.94...
The British pound has surged higher against the US dollar, hitting 1.3045, following the news that the UK is close to securing a Brexit deal with the European Union. The GBPUSD pair is intraday bullish above the 1.2900 level and remains highly sensitive to incoming Brexit news. Bulls ideally need to break above the 1.3175 resistance level to negate the recent...
The euro has recovered back towards the 1.1300 resistance level against the US dollar over-optimism that the United Kingdom and the European Union are close to securing a Brexit deal. EURUSD sellers need to keep price below the 1.1300 level to maintain the bearish pressure placed on the pair earlier this week. If bulls hold price above the 1.1300 level, we are...
Ethereum is coming under renewed selling pressure on Wednesday, with the second largest cryptocurrency by market capitalization giving back last weeks trading gains. The ETHUSD pair has recently looked weak above the $200.00 and struggled to regain bullish momentum. A clear breach of the $199.44 level is likely to provoke technical selling, while the $215.00...
The British pound continues to trade below the 1.2900 level against the US dollar, despite a strong technical rebound from the 1.2826 level on Monday. The next large directional move from the GBPUSD pair will likely be driven by the release of key UK Wage and Jobs data later this morning. The intraday sentiment surrounding the GBPUSD pair remains bearish while...
The euro has continued to move lower against the US dollar, as Italian political woes send the single currency towards the 1.1200 support level. The EURUSD pair remains heavily bearish and continues to create lower lows, only a strong move above the 1.1300 resistance level can negate short-term selling pressures. Traders now await key CPI inflation and ZEW survey...
Bitcoin has started to weaken alongside the broader cryptocurrency market in early Tuesday trade, with the BTCUSD pair slipping below the $6,300 support level. The recent rally towards the $6,500 level appears to be a false break, with price moving back inside the descending triangle pattern. A clear break below the $6,030 level will likely expose the BTCUSD pair...
Litecoin is back under selling pressure as the new trading starts, with the LTCUSD eroding its former weekly gains and testing towards the $50.00 support level. The seventh largest cryptocurrency by market capitalization is likely to remain under selling pressure while trading below the $50.40 level. LTCUSD buyers need to move price above the $52.20 resistance...
The British pound has continued to slide lower against the US dollar in early Monday trade, with price fast approaching the 1.2900 support level. The GBPUSD pair will likely remain under heavy intraday selling technical pressure while trading below the 1.2955 level. The Moving Average Convergence Divergence indicator across the four-hour time frame is trending...
The euro has opened the new trading week under downside pressure against the US dollar, with price edging closer to the current yearly trading low. The EURUSD pair risks heavy technical selling below the 1.1300 support level, as a number of large stop-losses orders are likely to be triggered. Only a strong move back above the 1.1400 resistance level can negate...
The British pound is under selling pressure against the US dollar in early Friday trade, following the release of the FOMC monetary policy statement. The GBPUSD pair is intraday bearish while trading below the 1.3100 level, with the MACD indicator turning lower across the four-hour time frame. Traders now await the release of key GDP and Trade data from the United...
The euro currency is coming under renewed selling pressure against the US dollar after the FOMC policy statement revealed that the US Federal Reserve is likely to continue hiking US interest rates. The EURUSD pair is strongly bearish while trading below the 1.1352 level and may soon challenge key support, at 1.1300. Buyers need to move price above the 1.1400...
Ethereum is starting to give back earlier strong gains after buyers failed to keep price above the important $215.00 level. The broader cryptocurrency market is also weakening, which is putting downside pressure on the second largest cryptocurrency by market capitalization. Sellers will try to force the ETHUSD pair below the $200.00 level, while buyers will likely...
The British pound is moving back towards the 1.3100 support level against the US dollar, after peaking at the 1.3170 level on Wednesday. The GBPUSD pair remains vulnerable to further declines below the 1.3100 support level, with a breach of trendline support likely to promote technical selling. Buyers need to stabilize price above the 1.3100 level to build...