AUD/USD drops after China Q2 growth slowed as expected

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 bulls testing the 21-hr SMA in recovery of opening bearish gap

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...


GBP/USD: Friday's turnaround leaves cable supported by 10-D SMA

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 consolidates above 21-D SMA (1.1653) awaiting key EZ and US data events

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...


BTCUSD Analysis: Could be an inverse H&S....but we need to wait [Video]

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...

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SIX Group may offer crypto trading on its brand new platform; major coins stay green

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.

More Cryptocurrencies News


"The Crypto system is the largest arms race in decades" - Steven Hatzakis

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, 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 price analysis: Channel breakout, but key test not passed

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...

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Litecoin price analysis: One step at a time, breakout now, resistances next

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.

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Michigan consumer sentiment in July and the Federal Reserve’s monetary policy report is the most important economic releases on Friday.

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EURUSD Analysis: Possible basing but not bullish just yet [Video]

GBPUSD Analysis: Which trend should we focus on [Video]

USD/CAD supported by 55-hour SMA

AUD/USD loses ground after failing at crucial resistance price point

Valeria Bednarik

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.

Yohay Elam

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.

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