Category: Cryptocurrencies

Daily Pivots: (S1) 1.1456; (P) 1.1508; (R1) 1.1556; More… GBP/USD’s break of 1.1608 minor resistance suggests short term bottoming at 1.1404, on bullish convergence condition in 4 hour MACD, after defending 1.1409 low. Intraday bias Read more…

Daily Pivots: (S1) 143.43; (P) 144.00; (R1) 144.67; More… USD/JPY’s retreat from 144.98 is extending but stays above 1.3937 resistance turned support. Intraday bias remains neutral first. Downside should be contained by 139.37 resistance turned Read more…

Daily Pivots: (S1) 0.9677; (P) 0.9730; (R1) 0.9758; More… USD/CHF’s decline from 0.9868 accelerates to as low as 0.9546 so far. Current fall is seen as the corrective pattern from 1.0063. Intraday bias stays on Read more…

Dollar’s decline accelerates today on improving risk sentiment and pull back in treasury yields. Aussie is gaining most so far but Yen catching up quickly. Euro is struggling to extend the post-ECB rally, as dragged Read more…

Canada employment dropped -39.7k in August, much worse than expectation of 15.0k growth. Unemployment rate jumped from 4.9% to 5.4%, above expectation of 5.0%. That’s the first rise in unemployment rate in seven months. Participation Read more…

Market picture Bitcoin was little changed on Thursday, ending around $19,400, but added more than 7% on Friday morning. So, in a period with relatively low liquidity, the BTCUSD has won back over two weeks Read more…

GBP/USD has recorded sharp gains today. In the European session, GBP/USD is trading at 1.1608, up 0.92% on the day. Still, the pound remains vulnerable – on Wednesday, it fell to 1.1407, its lowest level Read more…

Recovery picks up on Friday and cracks 1.01 barrier, driven by a hawkish stance from the ECB, following central bank’s decision to raise interest rates by 75 basis points and remaining on track for further Read more…