LTCUSD Bullish against $36.00
Litecoin is starting to struggle with the $40.00 level as the market comes under downside pressure before the weekend. The LTCUSD pair still has strong upside potential while the $36.00 support level continues to hold. Traders that a medium-term bullish...
GBPUSD Still Bearish
The British pound is testing towards the 1.2900 level against the US dollar as the recovery from the 1.2800 support level gathers pace. Bulls need to move price above the 1.3075 level to convince traders that the recent technical correction...
Metals and Oil Dragging Commodity Currencies Higher
Gold, Silver, and Oil all moved higher today and as a result brought many of the commodity currencies with them. The Australian Dollar and the New Zealand Dollar are putting in highs vs the US Dollar not seen since late...
BTCUSD Dip Buying Likely
Bitcoin has continued to retrace lower after recently finding strong technical resistance from the $7,650 level. Dip-buyers are likely to enter in BTCUSD pair from current levels in anticipation of an upcoming rally. Only a bearish break under the $6,850...
EURUSD Still Searching
The euro currency is still searching for direction against the US dollar as bulls and bear continue to battle for control of the pair under the 1.1100 level. EURUSD buyers will likely look for the 1.1060 level to hold to...
After 21 Months, AUD/USD Finally Closed Above Its 200-Day Average
With the Aussie closing above its 200-day MA for the first time in 21 months, does it pave the way for a strong start on January, or is it a red herring? It depends. The daily close above the 200-day...
GBPCHF Enters Bearish Area; Maintains Uptrend in Medium-Term
GBPCHF lost significant ground and dived below its 20- and 50-day simple moving averages (SMAs) after unsuccessfully attempting to grow into the 1.3300 region. The market is currently trading in bearish waters according to the RSI, which is strengthening to...
USDJPY Constrained around 61.8% Fibonacci, Lacks Momentum
USDJPY has been hovering around the 61.8% Fibonacci retracement level of 109.36 of the downleg from 112.39 to 104.44 for the past 10 days, with the 109.70 barrier holding back efforts to break above this key resistance point. Momentum indicators...
GBP/USD Outlook: Extended Weakness Hit New Three-Week Low and Cracked Important Fibo Support
Cable extended weakness to new three-week low at 1.2904 on Monday, following brief consolidation above psychological 1.30 support and subsequent bearish acceleration. The sentiment remains weak as fears about hard Brexit at the end of 2020 rise, keeping near-term focus...
Gold Breaks Out
On Friday, we wrote on silver, highlighting the metal’s breakout above a key technical level. That made us wonder two things. First: Was silver about to embark on a major rally? Well, the grey metal has indeed extended its gains...
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