The Aussie dollar is on the retreat after weak China data release. At press time, the currency pair is trading at 0.7412, having clocked a high of 0.7436 earlier today.
USD/JPY has started out the session in the recovery of the NY session lows down at 112.31 and from the bearish opening gap...
Supported by the 10-D SMA and 100-hs SMA, GBP/USD is currently trading at 1.3227 having made a high of 1.3231 from a low of...
EUR/USD is currently trading at 1.1680 within an early Asia range of 10 pips as the price consolidates Friday's price action in a quiet...
Bitcoin remains under pressure in 2018 with the market consolidating off the yearly low and still at risk for deeper setbacks. A contraction in range also warns of a big breakout and volatility ahead. While the market holds below $6,830, the pressure remains on the downside...
Another crypto positive news came from Switzerland, where SIX Group, the parent company of the Swiss stock exchange, announced that it had been considering cryptocurrency trading on its upcoming platform, scheduled to go online by mid-2019.
INTERVIEW OF THE WEEK
Today we open a new series of interviews with some of the most followed traders of the crypto community. We’ll start with Steven Hatzakis, the Global Director of Research, Forex & Crypto for ForexBrokers.com, a Reink Media Group brand. Steven is an active fin-tech and crypto industry researcher and advises blockchain companies at the board level.
Bitcoin Cash, which boasts itself of ambitious aim to surpass its larger cousin Bitcoin in the form of largest cryptocurrency by market cap in the times ahead, has given a channel breakout on the short term charts, but it still faces key resistance that hasn't been...
Litecoin the sixth largest cryptocurrency by market capitalisation, has given a small breakout on the short term chart, giving enough ammunition to the bulls to try and take control in their hands after a long time, although its a long drawn battle.
ECB's Minutes cooled down hopes for a sooner rate hike in the EU
The dollar resumed its advance in a week where the trade war ups and downs, once again led the way. Trade tensions escalated mid-week on the back of headlines indicating that the US was planning to launch a list worth $200B goods, on where to impose a 10% tariffs.
The EUR/USD ended its period of stability and began falling as the US Dollar gains ground across the board. What are the next levels to watch?
The Technical Confluences Indicator shows that the pair has some support at 1.1596 which is the convergence of the Fibonacci 23.6% one-month, the one-week low, and the Pivot Point one-day Support 3.
If the EUR/USD loses this level, the door is open to a free-fall to the 1.1511 area. This is the confluence of the Pivot Point one-month Support 1, the one-month low, and the 2018 low.
Looking up, recovering may be quite hard. 1.1661 is the congestion of the Fibonacci 61.8% one-week, the Simple Moving Average 5-1h, the Fibonacci 23.6% one-day, the Bolinger Band one-day Middle, the Bolinger Band 15m-Middle, the SMA 50-15m, the SMA 10-1h, the SMA 100-4h, the Fibonacci 38.2% one-day.