The British pound is testing towards the 1.2700 support level against the US dollar following Tuesday’s bearish technical break below the 1.2785 level. The pairs 2018 trading low, at 1.2861, is now in focus with a move below this key level likely to expose the GBPUSD pair to losses towards the 1.2550 level. Buyers need to move price above the 1.2730 level to...
Ethereum is back under selling pressure below the $191.00 level after finally breaking under the well-defined symmetrical triangle pattern. The second largest cryptocurrency by market capitalization is now trading sideways as traders await confirmation that the recent technical break is sustainable. Sellers need to break the $180.00 support level, while ETHUSD...
The US dollar has soared higher against the Japanese yen currency, following bullish comments from US President Donald Trump over a potential trade deal with China. The USDJPY pair is bullish while trading above the 112.45 level and may accelerate intraday gains if the 112.87 resistance level is breached. The Moving Average Convergence Divergence indicator on the...
The LTCUSD pair has finally picked a directional bias and moved to the downside, with the seventh largest cryptocurrency so far finding technical support just above the $46.00 level. The broader cryptocurrency is also moving lower while the MACD indicator on the four-hour time frame is also trending lower. Further intraday losses are likely while the LTCUSD pair...
The British pound is once again testing the 1.2800 support level against the US dollar after buyers failed around the 1.2840 level on Monday. Sellers are likely to test towards the former weekly low, at 1.2785, while buyers need to move price above the 1.2866 resistance level. The RSI and MACD indicator shows that the GBPUSD pair remains extremely oversold on the...
The US dollar is attempting to correct higher against the Japanese yen currency in early Monday trade after falling below trendline support. The USDJPY pair fell towards the 111.35 level after the key technical break and remains intraday bearish while trading below the 112.00 level. Traders now look Core PCE data from the US economy later today, which is the...
The euro currency is testing towards the 1.1450 resistance level against the US dollar after sellers failed to break below the key 1.1300 level on Friday. Indicators are now starting to turning higher, hinting that the EURUSD pair may once again test toward the 1.1431 resistance level. Sellers need to break the 1.1340 level while buyers need to move price above...
Bitcoin has opened the new trading week largely unchanged, with the number one cryptocurrency experiencing low levels of volatility not seen since March 2017. Despite the lengthy period of price consolidation, the medium-term bias for the BTCUSD pair is likely to remain to the downside while price trades below its 50-day moving average. The symmetrical triangle...
The British pound has slumped towards the 1.2800 level against the greenback after a fresh round of US dollar strength and bearish Brexit headlines. A clear break below the 1.2785 support level will likely accelerate the GBPUSD pairs downside towards the 1.2700 support level. Sterling buyers need to move price above the 1.2866 resistance level to negate intraday...
The euro has continued to move lower against the US dollar after ECB President Mario Draghi struck a dovish tone during yesterday’s ECB policy meeting. Technically, a clear break below the 1.1300 support level exposes the EURUSD pair to further downside towards at least the 1.1220 level. Intraday selling pressure is expected to remain intact while price trades...
Ethereum continues to trade below the $200.00 support level, with the recent price range of the ETHUSD pair narrowing to just $10.00. The well-defined triangle pattern indicates that a projected $80.00 move may occur once a clear technical happens. Sellers will likely attempt a downside break of the $190.00 support level, while buyers need to move price the...
The euro is holding around the 1.1400 level against the US dollar in early Thursday trade after finding interim technical support from the 1.1380 level. The EURUSD pair retains an intraday bearish bias while trading below the 1.1431 resistance level. Price still trades below the neckline of a bearish head and shoulders pattern, ahead of the release of key IFO data...
The British pound is under heavy downside pressure against the US dollar after sellers broke the neckline of a large head and shoulders pattern. The GBPUSD is strongly intraday bearish below the 1.2921 level with sterling now at risk of moving towards the 2018 trading low. Sellers will attempt to break below the 1.2880 level, while buyers need to move price back...
Bitcoin is starting to probe towards short-term technical support after buyers failed to make gains above the $6,400 level. The world’s number one cryptocurrency by market capitalization has been in an extended period of price consolidation since October 15th. Intraday BTCUSD sellers will attempt to break the $6,320 level, while buyers will try to move price above...
The British pound is once again probing the downside against the US dollar after a minor bullish corrective move above the 1.3000 level on Tuesday. The GBPUSD pair is looking increasingly bearish as a head and shoulders pattern is now starting to form across the four-hour time frame. Sellers will likely target the 1.2918 level, while buyers will aim to move price...
The euro continues to struggle to build upside momentum against the US dollar, with the 1.1480 resistance level remaining a technical barrier for buyers. The EURUSD pair is now forming smaller and larger head and shoulders patterns across the lower time frames. Intraday EURUSD traders still await a sustained directional breakout from the 1.1431 to 1.1480 price...
Ethereum is trading inside a neutral symmetrical triangle pattern, as second largest cryptocurrency struggles find a directional bias. Indicators are currently trading flat for the ETHUSD pair, with the broader cryptocurrency market largely in a sustained period of consolidation. Sellers will attempt to break the $185.00 support level, while buyers need to move...
The LTCUSD pair is trading inside an increasingly narrow triangle pattern, with the seventh largest cryptocurrency poised for a directional breakout. The LTCUSD pair has so far failed to react to the news that Litecoin developers are set to cut transaction fees for the popular digital currency. Sellers will likely attempt to break the $48.00 level, while buyers...