The euro currency remains under pressure against the US dollar on Friday, following second consecutive bearish daily price-close beneath key technical support. The EURUSD pair has so far extended its decline towards the 1.1650 level and remains vulnerable to further losses. Sellers will look to target the 1.1600 level, while buyers will look to keep price above...
Bitcoin continue to trade to the downside on Thursday, with buyers still trying to prevent further heavy losses below the key $6,200 support level. The BTCUSD pair has come under constant pressure since being swiftly rejected from the $6,740 level. Sellers will now look to target the $5,700 region if they can hold price below the $6,200 level, while bulls will try...
The euro has fallen back towards critical weekly support against the greenback, after the EURUSD pair failed to hold onto its recent strong gains above the 1.1724 level. The EURUSD pair is now testing the 1.1674 level, which is a critical support area protecting further intraday losses towards the 1.1630 region. Sellers will look to hold price below the 1.1674...
The US dollar had moved to its highest trading level against the Japanese yen currency since January this year, as buyers finally breached the important former swing-high, at 111.39. The strong technical breakout has provoked a fresh wave of buying in the USDJPY pair, with price now trading above the 112.00 level. The bullish sentiment surrounding the pair is...
The US dollar is starting to turn lower against the Japanese yen currency after buyers failed to break above the key May monthly-high, at 111.39, on Tuesday. The USDJPY pair has now turned back towards the 110.80 support level, as intraday sellers test towards the top-end of the pairs previous trading-range. Buyers will look to reclaim the 111.00 handle, while...
The euro currency is trying to recover above key resistance against the US dollar on Wednesday, after the pair briefly fell below the 1.1700 level yesterday. The EURUSD pair has since moved back above the critical 1.1724 resistance level and found resistance from the 1.1750 region. Buyers will continue to try to move price back towards the 1.1791 resistance...
Ethereum, the second largest cryptocurrency by market capitalisation is back under selling pressure and has broken below the key $440 support level. The ETHUSD pair saw a rapid decline from the $475 level, as the broader cryptocurrency market tumbled lower on Tuesday. Sellers will now look to build on the recent move lower and test the $405 support level, while...
The US dollar has finally broken its recent short-term trading-range against the Japanese yen between the 110.25 and 110.80 levels, moving back above the key 111.00 resistance level. The USDJPY pair is being boosted by a return to risk-on trading sentiment and a strong move higher in global equity market prices. Buyers will look for further upside above the 111.40...
Litecoin, the sixth largest cryptocurrency by market capitalisation has come under fresh selling pressure and fallen towards the $76 level. Bearish pressure is likely to build on the LTCUSD pair while price trades below the $78.90 level, with the popular alternative-coin now shedding over thirteen percent of its value since hitting $88 last week. Sellers will...
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...