Cryptocurrencies Jump After Last Week’s Sharp Decline
In the first week of the year, the prices of cryptocurrencies jumped as traders started betting on their revival. The rally led to the price of Bitcoin and Ethereum reaching highs of $4225 and $156, respectively. Then, last week, the...
EUR/GBP – Pound May Rise Further on Brexit Plan Rejection
The cross stands at the back foot on Monday following Friday’s sharp fall (the pair was down1% for the day) as pound maintains positive sentiment on wide expectations that UK PM’s Brexit plan will be rejected that may force the...
GOLD: Remains Vulnerable Below Key Resistance At 1,2987.55 Level
GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. On the downside, support comes in at the 1,280.00 level where a break...
GBP/USD Remains Buy On Dips And EURGBP Sell On Rallies
GBP/USD gained momentum recently and broke the 1.2750 and 1.2800 resistance levels. EUR/GBP declined heavily and broke the 0.8960 and 0.8950 supports. Important Takeaways for GBP/USD and EUR/GBP (if you want to trade professionally use our forex advisor download) The British...
Overbought Gold in Consolidation Mode as Dollar Selling Pauses
As we approach the end of the week, gold is trading slightly off its best levels thanks in part to a rebound for the US dollar and the recent recovery in stock prices reducing the appeal of the safe-haven commodity....
EUR/GBP: Levels to Watch Through a Critical Week
We’ve already written extensively about the high stakes for Tuesday’s vote on Theresa May’s Brexit bill, but with EUR/GBP clocking in as the weakest currency pair on the day, we also wanted to highlight key levels to watch on the...
GBPCAD Struggles in Upward Sloping Channel in Medium Term
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the...
USDJPY Awaiting Key Inflation Data
The US dollar continues to probe the 108.40 level against the Japanese yen, with this key technical area so far proving to be formidable resistance for bulls. The USDJPY pair is currently trading with a slightly cautious tone, as traders...
GBPUSD Vulnerable To Intraday Losses
The British pound is starting to drift lower against the US dollar, following the release of mixed UK economic and negative sentiment towards sterling ahead of Tuesday’s crucial Brexit vote. A clear breach of the 1.2700 level exposes further downside...
USD/JPY Facing Significant Hurdles Near 108.80
Key Highlights The US Dollar recovered recently and moved above 107.20 against the Japanese Yen. There is a crucial bearish trend line formed with resistance at 108.45 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the...
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