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Octafx

ETHUSD new high neededEthereum is attempting to push higher in early Wednesday trade as the second largest cryptocurrency by market capitalization holds above major weekly support. Buyers need to break above the current 2019 trading high in order to encourage fresh technical buying in the ETHUSD pair. The Ichimoku indicator is currently showing that the $160.00 and $148.00 levels are the key support levels to watch. The ETHUSD pair is only bearish while trading below the $160.00 level, key support is found at the $148.00 and $125.00 levels. If the ETHUSD pair trades above the $160.00 level, key resistance is found at the $185.00 and $210.00 levels.
BITFINEX:ETHUSD
by OctaFX_Official
EURUSD 1.1250 strong resistanceThe euro is attempting to recover bullish momentum against the US dollar in early Tuesday trade after the pair stabilized above the 1.1190 support level. The EURUSD pair is likely to target the 1.1265 level, although the 1.1250 level still offers strong intraday technical resistance. The four-hour time frame is starting to show a potential head and shoulders pattern taking shape. The EURUSD pair is only intraday bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1250 and 1.1264 levels. If the EURUSD pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.
by OctaFX_Official
GBPUSD only intraday bearish below 1.3100The British pound is trading above to the 1.3100 level against the US dollar in early Tuesday trade as the pair attempts to recover back towards the 1.3174 resistance level. The GBPUSD pair still has a bullish weekly trading bias while trading above the important 1.3064 level. Traders remain cautious about GBPUSD positioning, due to the much-anticipated release of the United Kingdom first-quarter GDP report later this week. The GBPUSD pair is only intraday bearish while trading below the 1.3100 level, key support is found at the 1.3064 and 1.3000 levels. If the GBPUSD pair trades above the 1.3100 level, key intraday resistance is found at the 1.3150 and 1.3174 levels.
by OctaFX_Official
BTCUSD $6,000 key resistanceBitcoin is starting to receive a fresh round of buying demand in early Tuesday trade with the number one cryptocurrency breaking through the $5,800 resistance level. The $5,620 is now former key resistance turned key support if the BTCUSD pair moves below the $5,800 level. Overall, the BTCUSD pair is targeting the $6,000 level and possibly the $6,300 resistance level. The BTCUSD pair is bullish while trading above the $5,620 level, key intraday resistance is found at the $6,000 and $6,300 levels. If the BTCUSD pair trades under the $5,800 level, sellers may test towards the $5,620 and $5,480 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
EURUSD bullish above 1.1190The euro continues to recover higher against the greenback after the pair found strong dip-buying interest from the 1.1135 support level. The EURUSD pair could advance back towards the 1.1250 level of bulls can maintain price above the 1.1190 support level. Technical indicators across the four-hour time frame also suggest that the EURUSD pair can continue to trade higher. The EURUSD pair is only intraday bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1250 levels. If the EURUSD pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.
by OctaFX_Official
LTCUSD bullish above $75.00Litecoin is attempting to move higher in early week trade after the sixth largest cryptocurrency by market capitalization was given a boost by the latest strong rally in Bitcoin. The LTCUSD pair only has an intraday bullish bias while trading above key technical support, at $75.00. Bulls will soon need to break the former monthly trading high or the LTCUSD pair may come back under downside pressure. The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $85.00 and $99.00 levels. If the LTCUSD pair trades below the $75.00 level, key support is found at the $65.00 and $58.00 levels.
BITFINEX:LTCUSD
by OctaFX_Official
1
USDJPY heavily bearish below 110.90The US dollar has come under renewed downside pressure against the Japanese yen on Monday, following bearish comments surrounding Sino-US trade talks from President Trump. The USDJPY pair has a strong bearish intraday bias while trading below the 110.90 level and may target the 110.00 level. Traders should be aware that the large inverted head and shoulders pattern on the four-hour time frame still remains valid. The USDJPY pair is heavily bearish while trading below the 110.90, key intraday support is found at the 110.40 and 110.00 levels. If the USDJPY pair trades above the 110.90 level, key intraday resistance remains at the 111.30 and 111.60 levels.
by OctaFX_Official
USDJPY turning bearishThe US dollar is back under pressure against the Japanese yen currency on Tuesday after the pair found strong resistance from the 111.88 level. The sentiment towards the USDJPY pair is intraday bearish while price trades below the 111.60 technical level. If sellers can move price under the 111.40 level they will trigger a head and shoulders pattern with a downside projection of fifty points. The USDJPY pair is bearish while trading below the 111.60, key intraday support is found at the 111.40 and 110.90 levels. If the USDJPY pair trades above the 111.60 level, key intraday resistance remains at the 111.88 and 112.00 levels.
by OctaFX_Official
EURUSD 1.1216 upcoming resistanceThe euro is trading towards the best levels of the week against the US dollar after the pair moved above the major technical resistance, at 1.1174. If the EURUSD pair continues to trade above the 1.1174 level, the next key resistance area to watch is the 1.1216 level. EURUSD traders are now awaiting the release of French and eurozone GDP data this morning, with expectations tilted to the upside. The EURUSD pair is only bearish while trading below the 1.1174 level, key technical support is found at the 1.1150 and 1.1135 levels. If the EURUSD pair holds above 1.1174 level, key intraday resistance is found at the 1.1216 and 1.1250 levels.
by OctaFX_Official
ETHUSD bearish below $158.00Ethereum is under downside pressure on Tuesday, with the second largest cryptocurrency by market capitalization trading towards the $150.00 level. The ETHUSD pair has a bearish intraday bias while trading below the $158.00 and could weaken below the important $145.00 level. The daily time frame is currently showing that critical weekly support for the ETHUSD pair is located at the $130.00 level. The ETHUSD pair is bearish while trading below the $158.00 level, key support is found at the $145.00 and $130.00 levels. If the ETHUSD pair trades above the $158.00 level, key resistance is found at the $170.00 and $185.00 levels.
BITFINEX:ETHUSD
by OctaFX_Official
GBPUSD neutral intraday biasThe British pound is attempting to trade above the 1.2900 level against the US dollar in early week trade as technical indicators continue to correct from oversold conditions. The GBPUSD pair has so far found resistance from the 1.2943 level, although the 1.2975 level is critical weekly resistance. To the downside, weakness below the 1.2900 is likely to trigger a technical test of the 1.2865 level. The GBPUSD pair is only bearish while trading below the 1.2900 level, key support is then found at the 1.2865 and 1.2840 levels. If the GBPUSD pair trades above 1.2900 level, key intraday resistance is found at the 1.2943 and 1.2975 levels.
by OctaFX_Official
EURUSD still bearishThe euro currency is back under downside pressure against the US dollar in early Monday trade after finding strong technical resistance from the 1.1174 level. Weakness below the 1.1135 support level should trigger the next round of technical selling in the EURUSD pair. Traders now await the release of key inflation data from the United States, ahead of Wednesday FOMC interest rate decision. The EURUSD pair is bearish while trading below the 1.1135 level, key technical support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above 1.1135 level, key intraday resistance is found at the 1.1174 and 1.1200 levels.
by OctaFX_Official
9
BTCUSD $4,900 critical supportBitcoin is attempting to correct higher in early week trade after the BTCUSD pair found strong support from the $4,930 level last week. Buyers need to move the BTCUSD pair above the $5,200 level in order to regain bullish short-term trading momentum. Daily price closes above the $5,260 level should also encourage further gains, while daily price closes below the $4,930 level should be taken as bearish. The BTCUSD pair is only bullish while trading above the $5,200 level, key intraday resistance is found at the $5,400 and $5,620 levels. If the BTCUSD pair trades under the $5,200 level, sellers may test towards the $4,900 and $4,750 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
USDJPY bearish below 111.60The US dollar is coming under pressure against the Japanese yen currency following a fake technical breakout above the 112.00 level. The intraday sentiment towards the USDJPY pair remains bearish while price trades below the 111.60 support level. Overall, the next large directional move in the USDJPY is likely to come after the release of first quarter GDP from the US economy later today. The USDJPY pair is only bullish while trading above the 111.60, key intraday resistance is found at the 112.00 and 112.40 levels. If the USDJPY pair trades below the 111.60 level, key intraday support remains at the 111.30 and 111.10 levels.
by OctaFX_Official
EURUSD 1.1116 key supportThe euro currency has suffered another bearish daily price close against the US dollar, with the pair so far finding weekly support from the 1.1116 level. If the EURUSD pair breaks the 1.1116 level the 1.1100 level now offers the strongest form on intraday support. If the EURUSD pair corrects higher, the 1.1175 level is now key upside technical resistance on an intraday basis. The EURUSD pair is intraday bearish while trading below the 1.1175 level, key technical support is found at the 1.1116 and 1.1100 levels. If the EURUSD pair trades above 1.1150 level, key intraday resistance is found at the 1.1175 and 1.1200 levels.
by OctaFX_Official
ETHUSD below critical supportEthereum is under downside pressure on Friday, with the second largest cryptocurrency falling below major weekly technical support. The ETHUSD pair has failed to gain bullish momentum this week and has so far found support from the $145.00 level. The bearish head and shoulders pattern on the four-hour time frame remains key, with the ETHUSD pair now trading below neckline support, at $155.00. If the ETHUSD pair trade below the $155.00 level, key support found at the $145.00 and $125.00 levels. If the ETHUSD pair trades above the $155.00 level, key resistance is found at the $165.00 and $179.00 levels.
BITFINEX:ETHUSD
by OctaFX_Official
EURUSD targeting 1.1100The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the 1.1100 support level. The EURUSD pair is heavily bearish while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels. If the EURUSD pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.
by OctaFX_Official
GBPUSD testing 1.2900 levelThe British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate immediate bear pressure. The GBPUSD pair is heavily bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels. If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
by OctaFX_Official
BTCUSD now correcting lowerBitcoin is staging a strong technical correction lower on Thursday after finding interim technical resistance from the $5,620 level earlier this week. The Ichimoku indicator on the daily time frame is still showing that the $,5260 level is major weekly support for the BTCUSD pair. The Relative Strength Index and the Stochastic indicator on the daily time frame are both still trading in overbought territory. The BTCUSD pair is only bullish while trading above the $5,260 level, key intraday resistance is found at the $5,620 and $5,700 levels. If the BTCUSD pair trades under the $5,260 level, sellers may test towards the $5,200 and $5,080 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
LTCUSD $65.00 major weekly supportLitecoin is struggling to move higher on Wednesday, as the sixth largest cryptocurrency by market capitalization failed to rally alongside Bitcoin on Tuesday. The LTCUSD pair is still trapped within a bullish descending triangle pattern on the daily time frame. Overall, the LTCUSD pair still has a bullish weekly trading bias above the $65.00 level, which is the neckline of the large inverted head and shoulders pattern. The LTCUSD pair is only bullish while trading above the $65.00 level, key resistance is found at the $85.00 and $100.00 levels. If the LTCUSD pair trades below the $65.00 level, key support is found at the $50.00 and $45.00 levels.
BITFINEX:LTCUSD
by OctaFX_Official
6
GBPUSD further downside expectedThe British pound is under heavy downside pressure against the US dollar, with the pair now trading at its weakest level in over eight weeks. The GBPUSD pair is heavily bearish while trading below the 1.2960 level and is likely to fall towards the 1.2880 level. The four-hour time frame is showing a large head and shoulders pattern, with the GBPUSD pair now trading below the neckline. The GBPUSD pair is bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels. If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
by OctaFX_Official
EURUSD heavily bearish below 1.1216The euro has come back under pressure against the greenback as the US dollar index advances to its highest level since June 2017. The EURUSD pair is heavily bearish while trading below the 1.1216 level, with the 1.1175 level critical support below. The bearish head and shoulders pattern on the four-hour time frame is showing that the EURUSD pair could fall towards the 1.1000 level. The EURUSD pair is heavily bearish while trading below the 1.1216 level, key technical support remains at the 1.1175 and 1.1130 levels. If the EURUSD pair trades above 1.1230 level, key intraday resistance is found at the 1.1250 and 1.1280 levels.
by OctaFX_Official