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...
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...
Bitcoin is starting to recover short term bullish momentum above the key $6,000 level after earlier falling to a fresh monthly trading-low, hitting $5,914. Sellers failed to break below the current 2018 price-low, at $5,848, which is currently helping to encourage dip-buying in Bitcoin. Buyers will now try to recover price back above the $6,057 level, while...
Litecoin has tumbled sharply lower in early Wednesday trading, with the LTCUSD pair now trading below the $75 level and moving to a fresh 2018 trading low, hitting $73.28 The LTCUSD pair has now lost close to twelve percent of its value since hitting a weekly trading high of $82.79 Further heavy technical selling in the LTCUSD pair remains likely while price...
The British pound has fallen sharply lower against the US dollar, after Bank of England member Jonathan Haskel delivered a dovish speech about future rate hikes from the BoE. The GBPUSD pair also came under pressure after repeated technical failure before the 1.3300 level and a reversal higher in the value of the US dollar index. A scheduled speech from Bank of...
The euro is moving toward the lower end of its recent short-term trading-range against the greenback, as the US dollar index starts to move higher. The EURUSD pair also came under selling pressure on Tuesday, as buyers failed to hold price above the 1.1700 level. Intraday sellers will attempt to breach the current weekly-low, at 1.1628, while buyers will try to...
Ethereum continues to trade below key support on Tuesday, after the second largest cryptocurrency by market capitalisation failed to attract fresh buying interest on Monday. The ETH/USD pair has now lost over 15% of its value since last Friday, following the strong decline to $435. Technical indicators remain bearish with further downside for ETH/USD...
The British pound has moved towards the top end of its recent short-term trading-range against the US dollar, as the greenback moves lower in early week trading. The GBPUSD pair continues to probe towards the 1.3300 level, but has so failed to gain traction above this key level. Buyers will need to break the former weekly high of 1.3313 to keep the bullish...
The euro has moved to its highest trading level against the US dollar since the last ECB meeting, with the EURUSD pair hitting a fresh weekly trading above the key 1.1700 level. Yesterday EURUSD buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674 Technical indicators continue to call for further upside in...
The euro continues to advance above the 1.1600 level in early Monday trading, as the US dollar index remains under heavy selling pressure failing to hold price above the 95.00 level. The EURUSD found resistance from the 1.1674 level on Friday, although the pair remains a buy on any dips-lower while trading above the 1.1616 level. EURUSD traders now look to the...
Bitcoin remains under heavy technical selling pressure on Monday, after earlier falling to its lowest trading level of the year so far on more bearish fundamental news.\u2028 Technical indicators are turning down for the BTCUSD pair, pointing to further intraday losses below the $6,000 level. Traders remained focused on the broader cryptocurrency market decline...
The British pound continues to hold onto gains above the 1.3200 level against the US dollar, as traders factor in a possible rate hike from the Bank of England in August. The GBPUSD pair failed to gain traction above the 1.3300 level, as traders booked profits from the 1.3313 level. GBPUSD buyers will look for further upside above the 1.3316 level, while sellers...