OctaFX_Official

OctaFX_Official

The British pound is softening towards key weekly support aginst the US dollar ahead of the release of GDP data from the UK economy this morning. A worse than expected GDP number could see the GBPUSD pair break the 1.2660 support level and test towards at least the 1.2610 area. If bulls can hold support the GBPUSD pair could start to edge back towards the 1.2710...

OctaFX_Official

The euro currency remains trapped in a tight range against the US dollar as traders scale back positioning ahead of the start of the G20 Summit. The four-hour time frame is showing that the EURUSD pair is currently trading within a neutral pattern. The pattern is highlighting that a twenty-five pip breakout move is likely once the EURUSD pair picks a directional...

OctaFX_Official

Litecoin has started to turn bearish alongside the broader cryptocurrency market after falling below the key $125.00 level. The four-hour time frame is also showing that the LTCUSD pair has now broken under key trend-line support. Weakness in the LTCUSD pair should be expected in the short and medium-term while the price continues to trade below the pivotal...

OctaFX_Official

The British pound has gradually edged back under the 1.2700 level against the US dollar after bears failed to break the 1.2710 resistance level. The GBPUSD pair is currently neutral until a clear technical break from the 1.2660 to 1.2710 price range occurs. Overall, the GBPUSD pair is likely to be driven by the slew of macroeconomic data being released from the UK...

OctaFX_Official

Ethereum has started to reverse from the $360.00 level after following higher and surging to its highest level in over eighteen months. It maybe to early to call a top in the ETHUSD pair as a bullish pattern with a target of $490.00 is still in progress. Sellers need to move the ETHUSD pair under the $310.00 support level to encourage short-term sellers back into...

OctaFX_Official

The euro currency continues to trade towards the lower-end of its weekly range against the US dollar as the pair becomes increasingly driven by important US data. Bulls may need weak US data to break the 1.1400 level and take a shot at the 1.1440 resistance level. Much better than expected United States data over the coming sessions may prompt the EURUSD pair to...

OctaFX_Official

The British pound has reversed sharply from the 1.2780 level against the US dollar as UK political woes once again force the pair lower. A sustained break of the pivotal 1.2660 level could send the GBPUSD pair back towards its former weekly trading low. Bulls need to move the pair back above the 1.2710 resistance level in order to encourage intraday bulls back...

OctaFX_Official

The euro has slipped back from the 1.1400 level against the US dollar following Federal Reserve Chair Jerome Powells speech on Tuesday. The EURUSD pair can weaken towards the 1.1260 level if sellers start to hold price below the important 1.1360 level. Bulls need to move price past the 1.1400 level to encourage technical buying towards at least the 1.1440...

OctaFX_Official

Litecoin is starting to struggle in early Wednesday trade as the cryptocurrency appear overdue for a much-needed technical correction. A sustained move below the $125.00 level should provoke technical selling in the LTCUSD pair toward at least the 110.00 support level. If bulls can break the $140.00 the LTCUSD pair offer relatively limited technical resistance...

OctaFX_Official

The British pound is attempting to gain upside momentum against the greenback after slipping back towards the 1.2700 level in early week trade. GBPUSD bulls need to sustain price above the 1.2730 level and stage a breakout above the 1.2770 resistance level. Losses below the 1.2710 level may provoke a much deeper technical correction towards the 1.2660 support...

OctaFX_Official

The euro continues to trade just above the 1.1400 level against the US dollar, with the pair still remaining well bid into early Tuesday trade. The 1.1400 level remains the gateway to the 1.1440 level, with topside resistance for the EURUSD found at the 1.1500 level. Sellers need to hold price below the 1.1360 level to negate the current bullish daily bias towards...

OctaFX_Official

Ethereum is starting to appear uncomfortable above the $300.00 level, with the second largest cryptocurrency unable to make new higher highs on the daily chart. The ETHUSD pair could be vulnerable to heavy technical selling if Bitcoin starts to reverse from the $11,000 level. Overall, unless bulls start to breach the $320.00, the ETHUSD pair shows real signs that...

OctaFX_Official

Pound Sterling Inggris memperoleh pijakan terhadap greenback pada hari Senin setelah indeks dolar USA menderita kerugian besar pada hari Jumat. Sebuah pergerakan berkelanjutan ke atas level ketahanan 1.2770 dapat memicu sebuah terobosan dalam pasangan GBPUSD menuju setidaknya level 1.2840. Jika para penjual gagal di kisaran area kunci ini, sebuah penurunan dan uji...

OctaFX_Official

Euro telah membuka minggu perdagangan terbaru yang kuat terhadap dolar USA setelah pasangan menutup minggu di atas pergerakan rata-rata 200 harian. Bulls bisa menargetkan sebuah terobosan besar di atas level 1.1400, dengan level 1.1440 dan 1.1500 menjadi area ketahanan besar untuk dipantau. Jika para penjual menggerakkan harga kembali ke bawah level 1.1347,...

OctaFX_Official

Bitcoin telah melambung ke atas level $10,000 untuk pertama kalinya sejak bulan Maret 2018 begitu bulls menembus tanda lima angka dengan mudah. Prakiraan teknis jangka pendek dan jangka menengah saat ini tengah mengalami overbought, meninggalkan pasangan BTCUSD terbuka untuk pengambilan keuntungan yang besar. Kegagalan untuk menciptakan posisi tinggi terbaru yang...

OctaFX_Official

The British pound is gaining ground against the greenback Monday after the US dollar index suffered heavy losses on Friday. A sustained move above the 1.2770 resistance level could spark a breakout in the GBPUSD pair towards at least the 1.2840 level. If sellers fail around this key area a decline and technical test back towards the 1.2710 level should be...

OctaFX_Official

Bitcoin has surged above the $10,000 level for the first time since March 2018 as bulls broke through the five-figure mark with ease. Short and medium-term technical readings are extremely overbought at present, leaving the BTCUSD pair open to large profit taking. Failure to make new higher highs may attract a move back towards the $10,000 level. The BTCUSD pair...

OctaFX_Official

The euro has opened the new trading week strongly against the US dollar after the pair closed the week above its 200-day moving average. Bulls could target a major breakout above the 1.1400 level, with the 1.1440 and 1.1500 levels the major resistance areas to watch. If sellers move price back under the 1.1347 level the EURUSD pair could see a strong retrace back...