AUD/USD: Bears continue to guard 0.7210 level

Despite several upsdie attempts, AUD/USD remains tied up near the 0.7200  level, as a cautious tone prevails across the financial markets in Asia amid weaker fundamentals and fresh US-China trade talks.

RECOMMENDED

AUD/USD News

USD/JPY eases in tandem with greenback, testing 113.00

USD/JPY tracks the retreat in the US dollar from six-day tops versus its main rivals, as the bears derive support from cautious markets amid Brexit uncertainty and the US-China trade spat.

USD/JPY News

The Revanchists of Brussels

It was probably not the intent of the EU negotiators or their British counterparts that the Northern Ireland backstop become a surreptitious method for keeping the UK in the EU against its will.

Read full report

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bullish higher lows or a dead cat bounce?

Cryptocurrencies enjoyed stability and advanced gradually over the weekend. However, they then retreated, leaving open questions on each chart. The SEC delay and the NASDAQ plans echo in markets.

Read more

Crypto market colored in red; Bitcoin languishes under $3,400

The cryptocurrency market was short-lived. Once again. Bitcoin and other major altcoins resumed the downside movement on Monday with the total capitalization of digital assets in circulation dropped below $110B, killing hopes to witness good bullish trend into the year-end.

More Bitcoin News

Digital assets sell off continues as total market cap plunged to August 2017 levels below $110 billion

Digital assets sell off continues as total market cap plunged to August 2017 levels below $110 billion. Bitcoin has visited $3,210 price tag to shortly bounce to $3,600 demonstrating that $3000 level seems to have a solid support above.

More Cryptocurrencies News

Bitcoin Technical Analysis: BTC/USD moving within ascending channel, subject to a breakout south

Bitcoin price in the latter stages of Monday trading down some 3%. Price action for BTC/USD is moving within an ascending channel, subject to a potential break for an extended move south.

More Bitcoin News

Ripple’s XRP Price Analysis: XRP/USD next stop $0.25

XRP has remained under pressure through the session on Monday, down a whopping 4% in the latter part of the day. Bears continue to sell any short-term rallies that are seen, bull runs are just not sustainable at all of late.

More Ripple News

The Daily Fix - Trader thoughts on the session

GBP/USD: British Pound bounced at 1.25345 and consolidated following a massive drop

The Daily Fix - Trader thoughts on the session

The Daily Fix - Trader thoughts on the session

Valeria Bednarik

Slow economic growth still the main drag for the common currency

The EUR/USD pair seesawed between gains and losses throughout the week, finishing it up around the 1.1400 level. For a sixth consecutive week, the pair has been unable to find a certain direction, trapped between a more dovish Fed and slowing growth and political turmoil in the EU.



Yohay Elam

EUR/USD kicks off the new week with a positive note, gradually moving to the upside. Can it continue higher? The downside is well-defended.

The Technical Confluences Indicator shows that the world's most popular currency pair is battling 1.1438 which is the convergence of the Fibonacci 23.6% one-month, the Simple Moving Average 50-15m, and the Pivot Point one-day Resistance 1.

Some weaker resistance awaits at 1.1456 where we see the meeting point of the Bollinger Band one-day Upper and the Pivot Point one-week Resistance 1. Another cap is at 1.1480 with the Pivot Point one month Resistance 1.

Looking down, euro/dollar has massive support at around 1.1400. The dense cluster includes the Fibonacci 23.6% one-week, the Fibonacci 38.2% one-day, the Fibonacci 38.2% one-month, the SMA 10-4h, the SMA 100-15m, and the BB one-hour Middle.

Read Full Report

Forex Foundation Video Course

New to Forex or want a refresher course in the key concepts? Learn from Seasoned Traders with our new video course in collaboration with the Online Trading Academy. These lessons will get you off to a fast start! And they are free.

Watch now

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Elliott Wave Live Analysis Gregor Horvat Event Details
Live Market Timing and Trading with Sam Seiden - Free Access Sam Seiden Event Details
Premium Fibonacci Trading Methods Nenad Kerkez Event Details
Premium US Pre-Market Open Ed Ponsi, CMT, CTA Event Details