British Pound decreased significantly last week. The currency pair was under the pressure due to uncertainty around Brexit. The problem is still the same – The European Union and British government have no common points in how to conclude this divorce. The currency pair fall below 1,3000 and moved towards 1,2750, but failed to reach that level. GBP/USD is trying...
Another week is done and we are going to make a brief resume of what has happened to EUR/USD during the last 7 days. We have made a mistake thinking that EUR/USD would stop at 1,1500. Unlike our forecasts, the currency pair went downwards and has broken through 1,1400 targeting 1,1300. What has happened? The most disappointing fact was that the Eurozone rejected...
Tether issue was the main reason for BTC to make a huge spike on the daily chart. The price reached 7800, but then went below 6781 again. What’s next? We think that BTC/USD is going to stay below 6781 for some time. Moreover, Bitcoin has some room to decline even towards 6177.
GBP/USD has reached 1,3250 area but failed to stay there as we have forecasted last time. The main reason is brexit. The results of negotiations are still indefinite. Investors fear of hard scenario. This is the main reason for pressure over GBP. Technical image is the following. We think that GBP/USD is aiming at 1,3000 first. However, we don’t think that the...
The situation on the currency market has changed this week. Bulls were running EUR/USD towards new highs and almost completed their task. However, they were stopped right above 1,1600 and the currency pair has reversed there. What are the reasons for such change in moods? First, Italian budget issue is the topic number one currently. We do not think that this...
Bitcoin was trading in a tight range this week, but it is showing a very good dynamics in the last 24 hours. BTC/USD has made a significant decline on Thursday and trying to restore on Friday. What are our expectations? We think that BTC/USD is likely to move towards 6781. Yep, still same targets for the next week. 6181 was too strong to be broken out.
The British Pound looked strong this week and the currency pair has reached the resistance area at 1,3250. However, today the price reversed. Fundamental shows that the currency pair has few chances to develop significant upside progress as the Bank of England is still not ready to change the monetary policy. Moreover, risks of hard Brexit push the currency...
The currency pair reached the support area at 1,1500 this week and even made some attempts to go lower. However, bull were on guards and prevented bears from further developping their progress. Fundamental picture has not changed so far. The Fed still follows the plans to rise rates and to normalise the monetary policy while the European Central Bank still holds...
BTC/USD looks like major fiat currency pairs in the past couple of weeks. The currency pair seems to have big trouble in breaking through the closest resistance area at 6,781. What is the main reason for this? We think that the lack of news and important events makes trading BTC/USD so difficult. As you may see it on the chart, the price stays within a very tight...
The currency pair still stays within the range limited by 1,3250 from above and 1,3000 from below. What’s happening? Why Pound is so frustrating currently? There are two main reasons for that. First, The FOMC rises rates step by step according to their plans. Those plans are included in the price already. This is evident as there are no significant price moves...
EUR/USD has reached 1,1500 area on Thursday and even managed to jump over this support. However, we think that the currency pair will stay close to this level and reverse. How is it possible? Well, let’s see the current fundamental situation around the currency pair. The Fed is hawkish currently as they follow their plan to rise rates step by step (3-4 times per...