EUR/USD aims to challenge 1.2200 on persistent dollar's strength

Adding to DXY recovery to 1-month highs and yields' rally to multi-year highs, US equities are baring quite well with the financial turmoil, pushing the EUR/USD pair lower.



GBP/USD settles at 1.3940, fresh April lows

The Pound is still among the worst performers, hit by Carney's comments from late last week. Fresh sales data up next.


USD/JPY at its highest since February

The USD/JPY pair finally reacted to US T-yields run, breaking its range to the upside, also overcoming a mayor dynamic resistance, its 100 DMA. 


AUD/USD pressuring 0.7700 ahead of key Australian inflation data

Australian Q1 inflation seen little changed from previous quarter, hardly a game changer for the RBA. 0.7501, December low, at sight.


Bitcoin price analysis: BTC/USD remains above the key ascending trend line, indicating of further bullish movement to come

The Bitcoin price is seen up with margin gains of 1% on Monday, modest indeed for now, however, the key here now is BTC/USD has continued the bullish momentum and above the long-running ascending trend line.

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Bitcoin Cash price analysis: BCH/USD jumps a whopping 20% outperforming its peers, heading towards a danger zone for the bulls

The Bitcoin Cash price is seen flying during trading on Monday, holding on to chunky gains of 20% at the start of the week. There hasn’t anything in terms of news flow to attribute the pump seen for BCH, as the crypto reclaims the $1400 mark.

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Ripple price analysis: XRP/USD technically looks set for an extended jump higher, eyes on $1.09 and $1.20

The Ripple price is seen up with modest gains of 1% in the early part of trading on Monday, further looking to capitalize on the strong progress made last week. The price is in the prior trading week had gained around 35%.

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Litecoin price analysis: LTC/USD to get support on Coinbase's Shift Visa debit card a week after TenX announced future co-branded cards

Litecoin price attempts to recoil towards $160 were thwarted by increased selling pressure at $155. However, the cryptocurrency has maintained a bullish momentum within an ascending channel on the 4-hour chart.

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The US benchmark Treasury yield jumped to 2.99% on Monday pushing the US Dollar higher across the board.

The Eurozone manufacturing PMI fell less than expected in April while services activity increased pushing the composite PMI to remain flat over the month in April and beating the market forecast of PMI sliding lower.

The US Treasuries are the main market topic on Monday leaving the US macro indicators in the second wave of interest including manufacturing activity gauge for Chicago Fed regional district that is expected to decelerate in March while the US existing home sales are seen rising.

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EUR/USD analysis: bearish breakout could result in a test of 1.2100

GBP/USD analysis: decline doesn't seem to find a bottom

USDCAD – extended recovery pressures daily cloud top

AUD/USD analysis: Aussie tumbles to its lowest for the year

Yohay Elam

The EUR/USD is stable in the wake of a new week, but its prospects have not improved. The Technical Confluences Indicator shows that stronger clusters of resistance remain to the upside while fewer confluence zones await on the downside.

The pair is struggling around 1.2280, where we see congestion of the Simple Moving Average 5-15m, the SMA50-15m, the Fibonacci 61.8% one-month, the Bolinger Band 15m-Upper (Stdv. 2.2), the BB 1h-Middle, the SMA-5-1hv, the Fibo 23.6%, and the SMA10-1h.

If the pair indeed drops, support is found around 1.2215, the meeting point of the Pivot Point one-week S1 and the one-month low. Even lower, at 1.2155, we find the Pivot Point one-month S1 and the Pivot Point one-week S2.

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