Bitcoin remains vulnerable to further losses on Monday after the cryptocurrency failed to perform a strong rally away from the $7,000 level over the weekend. Going forward, a weekly close below the $6,650 level would be the next strong bearish signal. A daily price close back above the $8,000 level is now needed to confirm that a medium-term price floor has been...
The euro currency has pulled back from just below the 1.1100 resistance level against the US dollar, creating another buying opportunity for EURUSD bulls. EURUSD dip-buyers may look to buy a technical pullback around the 1.1045 to 1.1030 technical region. Going forward, daily price closes above the 1.1070 level should be considered the next strong buying signal...
The US dollar remains vulnerable to further losses against the Japanese yen currency as market sentiment towards Sino-US trade talks is fragile. The USDJPY pair is likely to suffer a strong decline once a confirmed breakout below the 107.90 level occurs. Going forward, selling any rallies towards the 109.00 resistance level appears to be the best short-term...
Bitcoin has continued its double-digit weekly decline, with the number one cryptocurrency crashing back towards the $7,500 support level. Going forward, a break below the $7,220 level would be extremely bearish for the BTCUSD pair over the medium-term. BTCUSD buyers desperately need to rally the cryptocurrency back above the psychological $8,000 resistance...
Litecoin remains vulnerable to further losses after the cryptocurrency broke major weekly support around the $57.00 level. Going forward, LTCUSD buyers need to defend the $50.00 level to avoid a potential decline towards the $36.00 support level. Overall, a move back above the $80.00 resistance level is needed to confirm the end of the recent downtrend in the...
The US dollar remains under pressure against the Japanese yen, following reports that the first phase of the Sino-US trade deal could be delayed until next year. The USDJPY pair is increasingly likely to test towards the 107.50 support level, with the 106.90 level extended weekly support. Going forward, USDJPY traders have few reasons to be bullish while price...
The euro currency remains increasingly well supported against the US dollar on Thursday, with the pair creating bullish higher lows. The EURUSD pair should start to push higher once the 1.1090 resistance is broken, leaving the 1.1120 level the next upside objective. Overall, traders have few reasons to be bearish towards the EURUSD will price trades above the...
The euro continues to rise against the US dollar, with the pair performing a bullish daily price close above the key technical resistance. The EURUSD pair is likely to test the 1.1120 level if a breakout above the 1.1090 level occurs, although the 1.1180 level is by far more technically important. Overall, the release of the FOMC meeting minutes later today could...
The US dollar is starting to appear weak against the Japanese yen currency, following multiple technical rejections and bearish lower highs. The USDJPY pair is likely to target the 107.50 level at a minimum this week if a breakout below the 108.20 level occurs. Going forward, only a sustained breakout above the 109.30 level can negate the bearish outlook...
Bitcoin is at risk of further losses on the digital currency market as the BTCUSD pair declines below the psychological $8,000 level. BTCUSD buyers need to rally price above the $8,550 level to secure the number one cryptocurrencies medium-term prospects. A sustained break under the $8,000 support level could see the BTCUSD pair falling towards the $7,500...
The British pound continues to trade well above the 1.2900 level against the US dollar, following the renewed bullish sentiment towards the upcoming UK election result. Going forward, the GBPUSD pair remains a strong buy on dips back towards the 1.2840 level. At present, the 1.2880 level may be the nearest area of support GBPUSD bulls will attempt to enter if a...
The US dollar has come back under pressure against the Japanese yen currency after suffering a heavy technical rejection around the 109.00 level. The balance of power is with sellers while price trades below the rising trendline on the daily time frame. Overall, a break below the 108.20 support level exposes the USDJPY pair to further losses towards the 107.50...
Ethereum is under pressure on Tuesday, with short-term bulls taking back control of the cryptocurrency below the $180.00 support level. Going forward, the ETHUSD pair still has a strong correlation to Bitcoin, many altcoins are also breaking lower. Overall, a bearish head and shoulders pattern with strong downside potential has been triggered on the lower time...
The euro is holding above key technical support against the US dollar after performing a bullish breakout above the 1.1045 level last week. The EURUSD pair faces a pivotal trading week ahead and could challenge the 1.1120 level if bulls can force a breakout above the 1.1080 level. The overall medium-term upside objective of the EURUSD pair is found at the 1.1360...
The British pound is holding firm against the greenback in early week trading, with the pair appearing to have a medium-term floor in place around the 1.2770 level. Going forward, GBPUSD buyers could rally price towards the 1.3100 level if buyers can continue to defend the 1.2840 support level. A sustained breakout above the 1.2930 level should be the trigger for...
Bitcoin is attempting to move away from critical technical support as the recent bearish momentum in the cryptocurrency is starting to fade. The BTCUSD pair will need to rally towards the $9,800 level in order to confirm that a medium-term price floor has been established. Traders should note that a sustained loss of the $8,500 support level could lead to a strong...
The British pound is still holding onto its weekly gains against the US dollar, with the pair currently creating bullish higher highs. The four-hour time frame shows that the pair is trapped inside a wedge pattern, with the bottom of the wedge located under the 1.2840 level. A breakout above the 1.2910 level is currently needed for bulls to break free from the...
The US dollar is still trading on the defensive against the Japanese yen currency as the pair continues to fall back from the 109.00 resistance are. Major trendline support for the USDJPY pair has now been broken and is currently located at around the pivotal 108.60 level. Going forward, the USDJPY pair could fall towards the 107.50 level if the 108.20 support...