The British pound is losing bullish momentum against the against the US dollar after the pair was sold aggressively from the 1.2880 level on Friday. Brexit concerns have limited the GBPUSD pairs upside, as the UK moves into the final stages of negotiations with the European Union. Buyers will continue to aim for the 1.2910 level, while sellers will target towards...
The euro currency continues to rise against the US dollar after Federal Reserve Chair Jerome Powell struck a dovish tone towards US inflation expectations at Jackson Hole. The EURUSD pair is only intraday bullish while trading above the 1.1600 level and is further supported by a bullish technical breakout above a well-defined triangle pattern. The EURUSD pair...
The US dollar has moved to its highest trading level in two weeks against the Japanese yen, as the greenback starts to recover some of its early-week losses. The USDJPY pair retains a strong intraday bullish bias while trading above the 111.10 level and is also supported by the MACD indicator, which is steadily rising across the four-hour time frame. The USDJPY...
Ethereum continues to consolidate towards the lower end of its recent after the second largest crypto by market capitalisation was sold from the $290.00 level. A bearish head and shoulder pattern is visible with a downside projection of around $60.00. The MACD indicator across the four-hour time frame also failed to gain bullish momentum so far this week. The...
The euro continues to trade to the downside against the US dollar after yesterday’s ECB monetary policy meeting failed to boost the single currency higher. The EURUSD pair is now trading marginally above critical intraday support, at the 1.1553 level. In the short-term, a bearish head and shoulders pattern is starting to form, with the neckline around the 1.1500...
Litecoin, the seventh largest cryptocurrency by market capitalisation remains in a strong downtrend despite the recent recovery in price towards the $58.00 level. A bearish head and shoulder pattern is clearly visible across the lower time frames, and further weakness should be expected while price trades the current weekly high. The LTCUSD pair is bearish while...
The British pound continues to recovery against the US greenback as the US dollar index remains under heavy selling pressure across. Longer-term indicators for the GBPUSD pair are now starting to turn bullish, with the RSI and MACD indicators starting to turn up on the weekly time frame after weeks of declines. The GBPUSD pair is bullish while trading above the...
The euro currency remains well bid against the greenback, after six consecutive days of trading gains against the beleaguered US dollar. The MACD indicator across the daily time frame and bullish daily price closes appear to signal that further upside seems increasingly likely in the EURUSD pair over the medium-term. The EURUSD pair remains strongly bullish while...
The British pound has advanced to its best trading level in over two weeks against the greenback, over broad-based weakness in the US dollar index. The GBPUSD pair now looks set to challenge the key 1.2958 resistance level, if buyers can maintain the bullish momentum above the 1.2887 level. Key extended intraday support is currently found at the 1.2844 level. The...
The euro continues to soar higher against the greenback in early Wednesday trade, as downside pressure on the US dollar accelerates. The EURUSD pair reached the 1.1600 level, after performing another major technical breakout on Tuesday, with buyers pushing through the 1.1553 resistance level. The MACD indicator across the four-hour time frame now appears...
Bitcoin has broken above its established trading range in early Wednesday trade, with the world’s number one cryptocurrency so far finding resistance from the $6,800 level. It is worth noting that the BTCUSD pair has reversed quite sharply from the $6,800 level. Intraday buyers will need to keep price well above the $6,550 level to keep the bullish momentum and...
The BTCUSD pair continues to trade in an increasingly narrow range in early Tuesday trade, with price trapped between the $6,150 support level and the $6,500 resistance level. Cryptocurrency traders are likely to search for direction, ahead of the United States Securities and Exchange Commission’s decision on a potential Bitcoin exchange-traded fund next month....
The euro currency has moved sharply higher against the greenback after US President Donald Trump reiterated his concern about the Federal Reserve raising interest rates. The EURUSD pair has so far advanced towards the 1.1540 region, falling just short of the key 1.1553 resistance level. The intraday bias for the EURUSD is bullish while trading above the 1.1507...
The US dollar has fallen to its lowest trading level against the Japanese yen currency since early July after US President Donald Trump criticised the Federal Reserve. The USDJPY pair retains a strong intraday bearish bias while trading below the 110.10 level. Sellers will try to target further losses towards the 108.15 level, as it represents the neckline of a...
Ethereum remains in correction mode on Monday alongside the broader cryptocurrency market, with the second largest crypto now pressing against the $300.00 resistance level. If we see buyers break the $310.00 and hold price above this key area, a larger corrective move towards $350.00 seems likely. The MACD indicator across the four-hour time frame also suggests...
Ethereum remains in correction mode on Monday alongside the broader cryptocurrency market, with the second largest crypto now pressing against the $300.00 resistance level. If we buyers breaking the $310.00 and holding price above this key area, a larger corrective move towards $350.00 seems likely. The MACD indicator across the four-hour time frame also...
The euro currency continues to trade at a one-week high against the greenback on Monday, as the US dollar index slips lower over improving risk sentiment in broader financial markets. The EURUSD pair is trading against the neckline of a bullish inverted head and shoulders pattern with a large upside projection. Caution is warranted until the neckline break is...