The US dollar has finally broken away from range-bound trading conditions against the Japanese yen currency, with the USDJPY pair hitting 111.80 after a strong technical breakout from a bullish descending triangle pattern. The short-term trend has now turned bullish, and further upside is expected in the USDJPY pair while price continues to trade above the 111.39 ...
The British pound has moved sharply higher against the US dollar after EU chief negotiator Michel Barnier said that the EU was prepared to offer the United Kingdom a ‘deal like no other’. Short and medium-term buyers are likely to remain in control while price trades above the 1.2930 support level, the GBPUSD pair is also supported by bullish momentum on the ...
Litecoin has found strong resistance from just above the $62.00 level, after performing a bullish technical break higher in early week trade. If buyers fail at current levels the LTC/USD pair may start to decline towards the breakout area, which is located around the $58.00 level. Traders should also note that the LTC/USD pair may be forming a bearish head and ...
Ethereum has moved sharply-lower on Monday, with the second most popular crypto losing a further fifteen percent of its value since Friday.
ETHUSD is now approaching oversold trading conditions after reaching the bearish head and shoulders pattern downside projection, close to the $300.00 level.
Furthermore, the MACD and RSI indicators across the four-hour ...
The euro has tumbled to a fresh monthly low against the US dollar on Monday, as fears over emerging market contagion cause traders to sell the single currency.
The EURUSD pair is likely to remain under heavy intraday selling pressure while trading below the 1.1420 level.
Sellers will now look to break below the 1.1310 support level, while buyers need to stabilise ...
The US dollar is falling towards the 110.00 level against the Japanese yen on Monday, after sellers broke the bearish head and shoulders pattern neckline during the Asian session.
The USDJPY pair is coming under pressure as traders move into the safety of the Japanese yen currency, amidst concerns about financial contagion from Turkey. Bearish intraday pressure ...
Litecoin is moving towards key monthly support in early Tuesday trading, with the seventh largest cryptocurrency close to a heavy technical breakdown.
A move below the $70.80 support level should provoke heavy selling, as it represents the neckline of a large head and shoulders pattern.
Momentum is currently with sellers and we are seeing the entire ...
The British pound trades to the downside against the US Dollar in early Tuesday, as bearish technicals and a possible Brexit no-deal, continue to hurt the British pound sentiment.
The GBPUSD pair is strongly bearish while trading below the 1.2955 level, as it represents a large head and shoulders pattern neckline. Buyers will attempt to push price above the ...
The euro currency has recovered marginally higher against the US dollar in early Tuesday trading, as the greenback pauses after moving sharply-higher on Monday.
The EURUSD pair still has scope to recover while trading above the 1.1554 level, but the trend still remains bearish while price trades below the 1.1600 level.
Sellers will likely continue to push to ...
The British pound continues to trade towards the 1.3100 level against the US Dollar, after being sold aggressively from the 1.3170 region on Tuesday. The GBPUSD pair looks to be forming a bearish head and shoulder pattern, with a downside projection of around one-hundred and thirty pips. Sellers will target the head and shoulders neckline around the 1.3070 level, ...
Ethereum continues to trade sharply lower on Wednesday, with the second largest crypto by market capitalisation facing a technical meltdown below the $395 support level. The ETHUSD pair started to weaken after slipping below the $440 level on Tuesday, as the broader cryptocurrency started to decline. Heavy losses are expected if the ETHUSD pair falls below the ...
The euro currency is starting to weaken below the 1.1700 level against the US dollar, after a false technical breakout above the well-defined symmetrical triangle pattern on Tuesday. EURUSD traders need to see a clear-break of the triangle pattern to encourage a much needed directional breakout in the pair. Buyers need to break the 1.1730 resistance level, while ...
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 ...
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 ...
