The US dollar is holding onto its recent strong gains against the Japanese yen currency, following a bullish move above the 106.50 level. The four-hour time frame currently shows that a bullish upside breakout from a large triangle pattern has now taken place. The upside target is the 108.00 level, although USDJPY buyers currently face strong technical resistance...
The euro currency has fallen back towards the 1.1100 level against the US dollar after crashing below the 1.1130 support level on Thursday. The euro is extremely bearish while trading below the 1.1100 level and now risks falling back towards its current yearly low. Bulls will be looking for a double-bottom formation, however, the fundamentals behind the EURUSD are...
Bitcoin is attempting to recover upside momentum, after the number one cryptocurrency found strong support from the $9,400 level. The $10,000 level is now a natural pivot for the BTCUSD pair and key area to watch for a potential technical correction back towards the $10,400 to $10,800 resistance zone. Sellers may start to attack back toward the $9,400 level if the...
The British pound has started to give back recent gains against the US dollar following a strong technical rejection from the 1.2150 level. The recent rejection has also helped to form a large head and shoulders pattern across the lower time frames. Bears now need to force the GBPUSD pair back under the 1.2080 level to turn the intraday sentiment heavily bearish...
Ethereum has fallen under the $200.00 level as the entire cryptocurrency market comes under heavy downside selling pressure. The ETHUSD pair may become an attractive buy from current levels, given that the second largest cryptocurrency is technically oversold. Bulls moving in from current levels would need to move price back above the $220.00 level to steady...
The euro is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level on Wednesday. Bears could easily force a deeper decline towards the 1.1100 level if the 1.1130 support level becomes breached. Overall, market sentiment towards the EURUSD pair is very bearish while price continues to trade below the pivotal...
The British pound remains vulnerable to further losses against the US dollar, ahead of the release of United Kingdom Retail Sales data this morning. Weaker than expected UK data could easily spark a bearish decline in the GBPUSD pair under the 1.2000 support level. Stronger data may support another run at the 1.2100 level, although GBPUSD bulls may need the pair...
The US dollar has staged a huge recovery against the Japanese yen currency following the suspension of the latest US trade tariffs on China. The move towards the 106.90 level has provided an excellent swing trade for USDJPY bears, with the 105.00 level a solid target. Only a sustained move above the 106.90 level will start to shift the USDJPY pairs short-term bias...
The euro has slumped back below the 1.1200 level against the US dollar following better than expected US data and renewed demand for the greenback. Weaker than expected EU data may prompt another technical test of the important 1.1160 support level. Overall, traders are growing more bullish towards the US dollar and the US economy now that Chinese trade tariffs...
Bitcoin has lost its short-term bullish status after slipping below the $11,100 level as the broader market suffers a protracted decline. The BTCUSD pair is also trading below its monthly pivot point, at $10,893, which is also helping to encourage technical selling. BTCUSD bulls are also mindful that a triple-top pattern formation has formed since the rejection...
Pound sterling Inggris memiliki sebuah bias harian netral terhadap dolar USA setelah sebuah pemulihan mengesankan dari atas level 1.2000 pada hari Senin. Level 1.2080 tetap menjadi kunci pijakan harian untuk pasangan GBPUSD dan sebuah kunci terobosan teknis level di sepanjang kerangka waktu yang lebih rendah. Jika bulls GBPUSD dapat mempertahankan harga di atas...
Litecoin tetap berada di bawah tekanan penurunan pada hari Senin begitu mata uang kripto populer ini gagal menarik minat pembelian yang berarti. Secara umum, sebuah terobosan di bawah level $82.00 kemungkinan akan memicu pergerakan bearish lebih jauh menuju setidaknya level $70.00. Hanya sebuah pergerakan berkelanjutan di atas tingkat ketahanan $130.00 yang mampu...
Mata uang euro diperdagangkan tepat di bawah level 1.1200 terhadap dolar USA, menyusul sebuah lambungan kuat dari level 1.1160 pada hari Senin. Dengan frustrasi, aksi trading untuk pasangan EURUSD masih berpusat di sekitar pola segitiga dalam kerangka waktu empat jam. Secara umum, bulls perlu menembus bagian atas level harian 1.1225 demi mengamankan uji teknis...
The euro currency is trading just below the 1.1200 level against the US dollar, following a strong rebound from the 1.1160 level on Monday. Frustratingly, the trading action for the EURUSD pair is still centered around the triangle pattern on the four-hour time frame. Overall, bulls need to break above the 1.1225 level intraday to secure yet another technical test...
The British pound has a neutral intraday bias against the US dollar, after an impressive recovery from just above the 1.2000 level on Monday. The 1.2080 level remains the key intraday pivot for the GBPUSD pair and a key technical breakout level across the lower time frames. If GBPUSD bulls can hold price above the 1.2080 level, we should expect a rally back...
Litecoin remains under downside pressure on Monday as the popular cryptocurrency fails to attract any meaningful buying interest. Overall, a breakdown below the $82.00 level is likely to prompt a further bearish move towards at least the $70.00 level. Only a sustained move above the $130.00 resistance level can secure the fifth largest cryptocurrencies overall...
Bitcoin is trading slightly lower in early week trade, following a sustained move below near-term support around the $11,500 level. Bitcoin bulls need to keep price above the $11,100 support level to maintain its current short-term positive trading bias. The BTCUSD pair will need to break above the $12,000 level this week or the largest cryptocurrency may face...
The British pound has fallen to yet another multi-year low against the US dollar, following the negative second-quarter GDP report from the UK economy. Dip-buyers may be looking to enter into GBPUSD slightly below the 1.2000 level as the pair is attractively priced. Overall, the key area to watch this week is the Brexit referendum spike, which is found just above...