OctaFX_Official

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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...

OctaFX_Official

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\u2028 Technical indicators are turning down for the BTCUSD pair, pointing to further intraday losses below the $6,000 level. \u2028\u2028Traders remained focused on the broader...

OctaFX_Official

US dollar index remains under heavy selling pressure failing to hold price above the 95.00 level.

OctaFX_Official

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...