The British pound is starting come back under selling pressure against the greenback on Thursday, after briefly moving above the 1.3200 level following the FOMC rate decision. The GBPUSD pair may now start to trade back towards the 1.3113 level, after hitting its upside bullish target above the 1.3200 level. Sellers now need to break the 1.3096 level, while buyers...
The euro is starting to lose bullish momentum against the US dollar after the pair once again failed to break the 1.1800 level after the FOMC interest rate decision and policy statement. The EURUSD pair came under pressure after Federal Reserve Chair Jerome Powell struck a hawkish tone towards future rate increases during his scheduled press conference. Sellers...
Bitcoin is starting to move higher alongside the broader cryptocurrency after the bullish fundamental news that Google have removed an advertising ban on regulated cryptocurrencies cryptocurrency exchanges in the US and Japan. Buyers will need to hold price above the $6,500 to regain short-term control of the number one cryptocurrency. The bearish head and...
Litecoin remains range bound on Wednesday with the sentiment towards cryptocurrencies fragile after the broader cryptocurrency market suffered two days of losses. The LTCUSD pair will likely experience more losses below the $53.50 level if price moves below key trend line support. The MACD indicator across the one-hour time frame is getting ready for its next...
The British pound has moved to a fresh weekly high against the greenback, as the US dollar index comes back under selling pressure towards the 94.00 level. The GBPUSD pair continues to retain its intraday bullish bias while trading above the 1.3113 support level. Buyers may attempt to break the 1.3200 level, while sellers may also be looking to enter the market...
The euro remains well supported against the US dollar, with traders still using any pullbacks in price to buy the single currency. Buyers need to break the upside of the symmetrical triangle pattern to keep the recent bullish momentum alive, while sellers need to force price below the triangle pattern. Trading ranges may start to narrow as market participants are...
Ethereum is starting to lose short-term bullish momentum after the ETHUSD pair found strong technical resistance from the $240.00 level. Ethereum has reclaimed its place as the second largest cryptocurrency after its nearest rival Ripple suffered double-digit losses on Monday. If price continues to move lower the ETHUSD pair will start to create a bearish head and...
The euro is once at risk of losing its short-term bullish bias against the US dollar after the EURUSD pair was strongly rejected from the 1.1812 level on Monday. The EURUSD only retains its bullish bias while trading above the 1.1730 level, with the single currency now failing on two separate occasions to hold price above the 1.1800 resistance level. The EURUSD...
The British pound has moved back towards the 1.3100 support level against the US dollar after sterling found strong technical resistance from the 1.3160 region on Monday. The recent upside correction may be over if sellers can keep price below the pivotal 1.3113 level. With the lack of economic data today, Brexit news and moves in the U.S. Dollar Index are the key...
The British pound is back under downside pressure against the US, after the chances of the United Kingdom leaving the EU without a deal in place dramatically increased after British PM Theresa May’s speech on Friday. The GBPUSD pair is intraday bearish while trading below the 1.3113 level, the MACD indicator is also now trending lower across the four-hour and...
The euro continues to move away from the 1.1800 level against the US dollar after the single currency fell over concerns that the United Kingdom may leave the European Union without a deal. The EURUSD pair is only intraday bullish while trading above the 1.1730 support level, as it represents a key pivot point and the upside technical breakout area from the...
Bitcoin is trading higher alongside the broader cryptocurrency market after the US SEC once again delayed their ruling over a potential Bitcoin ETF. Short-term buyers are now in control of the world’s number crypto while price trades above the $6,500 level. Buyers need to break the $6,700 resistance level in order to keep the recent bullish momentum, while sellers...
Ethereum is trapped in a tight range on Friday with market participants awaiting a spike in cryptocurrency trading volumes. The ETHUSD pair is trading within an ascending triangle pattern on the four-hour time frame, with the bullish pattern showing a $30.00 projection. Buyers need to clearly break the $220.00 resistance level while sellers need to cleanly break...
The euro has performed a major technical breakout against the US dollar, with buyers finally breaking through the 1.1730 resistance level. Further upside gains remain likely while price trades above the 1.1730 level, with the 1.1800 level the next major technical hurdle for euro buyers. The bullish inverted head and shoulders pattern has been triggered, with an...
The British pound has moved to its highest trading level against the greenback since July 16th, hitting 1.3297, as the US dollar tumbles across the board. The GBPUSD pair has now pulled back slightly after reaching the initial upside target of the lower time frame inverse head and should. Price-action still remains bullish, with price now trading above the...
The British pound is trying to recover bullish momentum against the US dollar after price suddenly dipped below the 1.3100 level over negative Brexit headlines on Wednesday. Expectations for UK retail sales are tilted to the downside as UK consumer spending starts to normalize after the World Cup and hot summer. Buyers need to break to reclaim the 1.3205 level...
The euro currency is confined to range-bound trading conditions against the US dollar after buyers failed to break the 1.1730 resistance level for a fourth consecutive day. Sellers need to break the 1.1650 support level with conviction while buyers need to break the 1.1730 level. A bullish ascending triangle pattern has also now been formed across the lower time...
Bitcoin is starting to come under pressure as the broader cryptocurrency market starts to erode earlier weekly gains. Sentiment remains fragile towards the BTCUSD pair, ahead of the upcoming decision from the US SEC over a potential Bitcoin ETF. Buyers need to move price above the $6,500 level to negate the bearish short-term pressure building on the BTCUSD...