The British pound has fallen sharply lower against the US dollar, hitting 1.3188, after the British Foreign Secretary Boris Johnson resigned from the Conservative party in protest of British Prime Minister Theresa May’s soft Brexit plan. The GBPUSD pair had looked increasingly bullish prior to the news of Boris Johnson’s resignation, soaring to 1.3361. Sterling...
Bitcoin continues to trade towards the $6,650 resistance level in early Monday trading, after finding strong technical support just the $6,400 level on Friday. BTCUSD bulls now need to break above the $6,700 level to validate the bullish inverted head and shoulders price pattern across various time frames. BTCUSD sellers will attempt to break the key $6,400 level...
The British pound continues to trade towards the key 1.3300 resistance level against the US dollar, after another bullish weekly price-close. The British pound is also receiving a boost from UK Prime Minister Theresa May’s plans for a soft Brexit deal were revealed over the weekend. GBPUSD bulls will now need to hold price above the 1.3300 level for further upside...
The euro has broken higher against the US dollar, following softer than expected wage earnings data inside Friday’s key United States monthly jobs report. The EURUSD pair is now trading at its highest level since the day of the last European Central Bank policy meeting. Bulls will look to reclaim the 1.1800 handle, while sellers to look to test towards the key...
Bitcoin is starting to turn lower in early Friday trading, after buyers yet again failed to overcome the $6,700 resistance level. The BTCUSD pair has slipped back towards key weekly support at $6,450, with the early-week bullish momentum seen in the pair now starting to weaken. Buyers will attempt to hold price above the $6,450 support level, while sellers will...
The British pound is starting to give back gains against the US dollar, as price falls back towards the key 1.3205 support level. The GBPUSD pair started to slip from the 1.3273 level, as the US dollar index firmed following the release of the FOMC Meeting Minutes. Bulls now need to reclaim the 1.3255 level for further advancement, while sellers will look to hold...
The euro currency has fallen back towards key breakout support against the US dollar, after buyers failed to keep price above the 1.1700 level. EURUSD bulls now need to move above the 1.1719 resistance level to keep the recent short-term bullish momentum alive in the pair. The next strong directional move in the EURUSD will likely come after the release of today’s...
Litecoin is starting to consolidate around the $83.50 level in early Thursday trading, after multiple technical rejections from the key $85 resistance area. The intraday sentiment towards the LTCUSD pair is starting to turn bearish, after price created a bearish double-top pattern. Sellers will now try to break the $81 support level, while buyers will look to...
The British pound has moved to a fresh monthly trading high against the US dollar, hitting 1.3248, as the trading sentiment surrounding the GBPUSD pair continues to improve. The GBPUSD pair performed a bullish daily price-close above the 1.3205 level, with price remaining well above the weekly opening-price. GBPUSD traders now look to a scheduled speech from...
The euro continues to struggle with the 1.1674 resistance level against the US dollar, with the pair currently trapped in an increasingly narrow trading-range. EURUSD sellers also failed to break the 1.1618 level on Wednesday, after the pair was strongly rejected from the 1.1681 level. Traders will now look for a sustained breakout from the 1.1618 to 1.1681...
Ethereum, the second largest cryptocurrency by market capitalisation has fallen back towards the $440 support level, after failing to move above the key $478 resistance level. Ethereum had staged a strong recovery from the $395 level, clawing back close to twenty percent of its value. ETHUSD bulls will try to move price above the $450 level, while sellers will...
The British pound continues to press higher against the US dollar, as the US dollar index comes under further selling pressure. The GBPUSD pair currently trades around the 1.3205 level, with further upside advancement likely while price holds above the 1.3194 level. Traders now look to the release of important UK PMI Services data, which comprises close to...
DXY is making bearish moves after finding resistance
Bitcoin has fallen to a fresh 2018 trading-low this morning, as sellers finally pushed price below the key February 2nd trading-low, at $5,848. The broader-cryptocurrency market is also coming under further selling pressure on Friday, with BTCUSD so far finding intraday support from the just above $5,700 level. Sellers will likely target the $5,600 level, while...
The British pound continues to trade to the downside against the US dollar on Friday, ahead of key GDP data from the United Kingdom economy. The GBPUSD pair has been rejected strongly from the 1.3101 level and trades close to its key 100-week moving average. Sterling sellers will look for further losses below the 1.3065 level, while buyers will try to once...
The euro currency remains under selling pressure against the US dollar on Friday, with the EURUSD pair still trading well below the key technical support. The EURUSD pair has performed numerous failed attempts towards the 1.1600 resistance level, and risks further declines towards the 1.1507 support level. Traders now look to key eurozone Inflation data and the...
The British pound has fallen towards the lowest trading of 2018 against the US dollar, after Bank of England Governor Mark Carney warned of growing global risks on Wednesday. The GBPUSD pair remains under selling pressure, as traders closely watch the current yearly trading low, at 1.3101. Sellers will try to break the 1.3101 support level, while buyers will...
The euro has dropped to a new weekly trading low against the US dollar, as German political uncertainty resurfaced and the US dollar index soared back above the key 95.00 level. The EURUSD pair has so far found interim technical support around the 1.1540 level, with the MACD indicator across the four hour time frame pointing to further downside. Traders now look...