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GBPUSD STRONGLY BEARISH BELOW 1.3070The British pound has come under heavy selling pressure against the US dollar, after the Bank of England raised interest rates, but stated that any future rate hikes would be gradual and limited. The GBPUSD pair is now strongly bearish below the 1.3070 level, as represents the pairs 100-week moving average and the neckline of a bearish head and shoulders neckline break. Sellers will try to break the 1.3000 support level, while buyers attempt to stabilise price above the 1.3070 resistance level. The GBPUSD pair is strongly bearish while trading below the 1.3070 level, key support remains at the 1.3000 and 1.2958 levels. If the GBPUSD pair moves above the 1.3070 level, buyers will likely target the 1.3101 and 1.3150 resistance levels.
by OctaFX_Official
EURUSD - Possible bearish outlookLooking at the 1hr chart the EURUSD has a few setups that look increasingly bearish: 1. Triple top reversal earlier in the session 2. Failure to create bullish break of longer term consolidation triangle 3. MA cross into bearish 4. Previous redbound on 4hr 100 MA being testing - awaiting confirmation 5. 'Threes a crowd' - Price down test into MA bearish cross 6. Testing 38.2 retracement from the low to triple top high area 6. MA on daily crossed into bearish earlier in the week A lot of arguements for the bearish position, keeping the risk to minimum and trading what is seen with a logical stop location. If all the technicals are right theis should setup a limit risk opportunity with high reward. Note this is only my personal opinions and NOT trading advice - I do not endorse any use of the above, it is for information only
Short
by ctredget
LTCUSD BEARISH TRADING BIAS BELOW $80Litecoin, the sixth largest cryptocurrency by market capitalisation continues to drift lower alongside the broader digital currency market on Tuesday. The LTCUSD pair is likely to continue to weaken further intraday while trading below the key $80 level. The LTCUSD pair also looks to be creating a bearish head and shoulders pattern, while the MACD indicator is also moving lower, pointing to more weakness ahead. The LTCUSD pair is bearish while trading below the $80 level, key technical support below Is located at the $78 and $75 levels. If the LTCUSD pair trades back above the $80 level, buyers may test towards the $83 and $85.50 resistance levels.
BITFINEX:LTCUSD
by OctaFX_Official
EURUSD STILL BULLISH ABOVE 1.1681 LEVELThe euro continues to hold above the 1.1700 level against the US dollar, following a sharp decline in the value of the US dollar on Monday. The EURUSD pair currently retains a bullish intraday bias while price trades above the key 1.1681 technical level. Traders now look to Jobs and Retail Sales data from the German economy and the release of US Core PCE data later today, which is the Federal Reserve’s preferred measure of inflation. The EURUSD pair is bullish while trading above the 1.1680 level, key resistance is found at the 1.1730 and 1.1790 levels. If the EURUSD pair falls below the 1.1680 level, key technical support is found at the 1.1650 and 1.1630 levels.
by OctaFX_Official
GBPUSD ONLY INTRADAY BULLISH ABOVE 1.3177 LEVELThe British pound trades back towards the 1.3100 level against the US Dollar, after traders sold the GBPUSD pair from the 1.3150 level on Monday. GBPUSD is likely to remain under selling pressure while trading below the 1.3177 level, as it marks a pivotal technical area bulls must break. Sellers will once again attempt to target sustained losses below the 1.3080 level, while buyers will need to break above Monday's daily-high for further bullish advancement. The GBPUSD pair is bearish while trading below the 1.3080 level, key support is now found at the 1.3050 and 1.3030 levels. If the GBPUSD pair holds above the 1.3177 level, buyers are likely to test towards the 1.3205 and 1.3245 resistance levels.
by OctaFX_Official
GBPUSD UNABLE TO MOVE AWAY FROM 1.3100 LEVELThe British pound continues to trade on the back-foot against the US dollar on Monday, with price currently trapped around the 1.3100 level. The British pound has also received more bearish Brexit news this morning, with the European Court of Justice being given the final say in a number of important Brexit issues. Sellers will try to target a sustained break below the 1.3080 support level, while buyers will need to hold price above the 1.3177 level to regain bullish momentum. The GBPUSD pair is bearish while trading below the 1.3100 level, key support is now found at the 1.3080 and 1.3030 levels. If the GBPUSD pair holds above the 1.3177 level, buyers may test towards the 1.3205 and 1.3245 resistance levels.
by OctaFX_Official
EURUSD STILL BEARISH BELOW 1.1650 LEVELThe euro has opened the new trading-week around the key 1.1650 level against the US dollar, as traders await a breakout move in the greenback. Central bank action this week should provide the much needed directional catalyst for the EURUSD pair. Sellers will continue to target a strong break below the 1.1600 level, while buyers will try to move price above the 1.1724 resistance level. The EURUSD pair remains bearish while trading below the 1.1650 level, key support is found at the 1.1600 and 1.1554 levels. If the EURUSD pair trades above the 1.1650 level, buyers will likely target the 1.1680 and 1.1724 resistance levels.
by OctaFX_Official
ETHUSD INTRADAY BEARISH BELOW $458Ethereum continues to trade to the downside in early-week trading, with the ETHUSD pair trapped between the $458 to $440 price range. Over the coming trading sessions, we may see a strong directional breakout occur if traders clear the current narrow-ranges. Sellers will look to push price below the $440 support level, while buyers will aim to move price above the $458 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
[Red Apple] "Higher High?? "_ BTC/USD _ 18.07.30there was breakout upward from triangle pattern in last briefing but it still move sideways. Let's start the analysis for BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '5. Summary and Strategy' before read, click '+Thumb up, +Follow' :-) 1. Briefing # Sideways Movement # Golden cross ( 20EMA and 100EMA ) on Daily Chart ?? # Supported 20EMA on 4H Chart ?? 2. Weekly Chart 1) Trend Supported by Trend Line 2) Candle Opening Marubozu 3) EMA a. Candle was closed above 20EMA(red) b. Candles haven't been over 20EMA more than 2 candles from Jan. 2018. c. Blocked by SMA50(Purple dot) 3. Daily Chart 1) Trend Supported by Trend Line 2) Candle Doji 3) Volume getting lower and lower -> soon, will increase. 4) EMA a. 20EMA(red) crossed over 100EMA(orange) 4. 4H Chart 1) Trend Same as daily 2) Volume getting lower and lower -> soon, will increase. 3) EMA Check whether it is supported by 20EMA or not 4) Pattern it can be recognized symmetrical pattern as i explained or flag pattern and rectangle pattern. 5) Elliott Waves Fifth wave can be truncated. 6) Fibonacci resisted at 0.786 5. Strategy and Summary a. About previous briefing : There was breakout of the triangle pattern. at the moment, upper side of the pattern is being retested or just up and down in the box. if somebody bought BTC/USD, do not sell in panic before breakout of trend line. b. About this briefing : Same as previous briefing For Aggressive trader : trade when symmetrical triangle is broken. -> can buy now ($8070 ~ $8130) -> set stop-loss below trend-line(2~3% lower than entry price) For Conservative trader : trade when the price mark higher than previous. Do not afraid of Stop-Loss. if you lose money~ then, prepare new game~. In my case, i bought when BTC retest a trend line after breakout of the line again.(about $8100) and got profit from some alts coin and now, if BTC is going down under trend line again, i'll also sell BTC and try to prepare another game. Trade safely and make your standards If you think my idea is helpful for you, Click '+Thumb up, +Follow' Also, if found something special, i will comment in real time.
BITFINEX:BTCUSD
by Red_Apple
EURUSD INTRADAY BEARISH BELOW 1.1650 LEVELThe euro has erased weekly gains against the US dollar, after ECB President Mario Draghi confirmed that the European Central Bank will leave eurozone rates unchanged until at least September 2019. The EURUSD pair is likely to weaken even further if price continues to trade below the key 1.1650 support level. Sellers will likely target a strong break below the 1.1600 level, while buyers will try to move price above the 1.1680 resistance level. The EURUSD pair is intraday bearish while trading below the 1.1650 level, key support is found at the 1.1600 and 1.1540 levels. If the EURUSD pair holds above the 1.1650 level, buyers will likely target the 1.1680 and 1.1700 resistance levels.
by OctaFX_Official
GBPUSD FURTHER BEARISH BELOW 1.3101 LEVELThe British pound has fallen sharply lower against the US dollar, after Chief EU Negotiator Michel Barnier rejected a key part of the United Kingdom’s Brexit trade proposal. The GBPUSD pair is now testing key support and is likely to weaken even further if price falls below the 1.3101 level. Sellers will try to target the 1.3000 support level, while buyers will try to stabilise price back above the 1.3177 level. The GBPUSD pair is strongly bearish while trading below the 1.3101 level, key support is now found at the 1.3050 and 1.3000 levels. If the GBPUSD pair holds above the 1.3101 level, buyers may test towards the 1.3177 and 1.3211 resistance levels.
by OctaFX_Official
GBPUSD STRONGLY BULLISH ABOVE 1.3177 LEVELThe British pound has continued to make progress higher against the greenback on Thursday, following a broad-based selloff in the U.S. Dollar Index. Sterling retains a strong intraday bullish bias while trading above the 1.3177 technical level. Buyers will look for further upside towards the 1.3245 and 1.3300 levels, while sellers will look to push price back below the 1.3177 level. The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels. If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.
by OctaFX_Official
EURUSD INTRADAY BULLISH ABOVE 1.1724 LEVELThe euro currency trades higher against the US dollar on Thursday, following a positive outcome from US President Donald Trump’s meeting with EU trade negotiator Jean-Claude-Juncker. The EURUSD pair now trades with a bullish intraday bias while price continues to hold above the 1.1724 technical level. Buyers will now attempt to move the EURUSD pair towards the 1.1800 resistance level, while sellers will look to gain control of the EURUSD pair below the 1.1680 level. The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance is currently found at the 1.1750 and 1.1790 levels. If the EURUSD pair trades below the 1.1680 level, sellers will likely target the 1.1650 and 1.1630 support levels.
by OctaFX_Official
BTCUSD BITCOIN CORRECTION LOWER UNDERWAY ? Bitcoin is starting to correct lower on Thursday, after finding strong technical resistance from just below the key $8,500 level. The BTC/USD pair has also reached overbought trading conditions on the MACD and RSI indicators, across the four-hour time frame. Sellers will now try to push price back below the $8,000 support level, while buyers will once again look to break the $8,500 resistance level. The BTCUSD pair is likely to weaken further while trading below the $8,000 level, key technical support below the $8,000 level is located at the $7,800 and $7,680 levels. If the BTCUSD pair moves back above the $8,460 level, buyers will likely target the $8,500 and $8,800 resistance levels.
BITFINEX:BTCUSD
by OctaFX_Official
LTCUSD INTRADAY BULLISH ABOVE $85 LEVELLitecoin, the sixth largest cryptocurrency by market capitalisation has started to move away from the $88 level, after posting strong double-digit gains in early week trading. The LTC/USD pair only retains its recent bullish bias while price trades above the key $85 support level. Buyers will likely target the $92 resistance level, while sellers will look to test the LTC/USD pairs 200 periods moving average on the four-hour time frame, which is located at the $82.50 level. The LTCUSD pair is only intraday bullish while trading above the $85.00 level, further upside towards the $88.00 and $92.00 resistance levels remains possible. If the LTCUSD pair falls below the $85.00 level, sellers will likely test towards the $84.00 and $82.55 support levels.
BITFINEX:LTCUSD
by OctaFX_Official
GBPUSD FURTHER UPSIDE EXPECTED ABOVE 1.3155The British pound continues to press higher against the greenback on Wednesday, with short-term bulls retaining control of the GBPUSD pair. Further intraday upside now seems likely if buyers can sustain price above the key 1.3155 resistance level. The 1.3205 level remains a major target for sterling bulls, while sellers will look to take back short-term of the GBPUSD pair below the 1.3080 level. The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels. If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.
by OctaFX_Official
EURUSD SELLERS TESTING KEY SUPPORT AGAINThe euro has fallen back towards key weekly support against the US dollar as traders book profits ahead of a number of key risk-events for the single currency. EURUSD traders await Thursday’s ECB policy decision and US President Donald Trump’s scheduled meeting with European trade officials. Buyers now need to keep price above the 1.1724 resistance level, while sellers now need to hold price below the 1.1650 level. The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance above the 1.1724 level is found at the 1.1750 and 1.1790 levels. If the EURUSD pair falls below the 1.1650 level, key technical support is found at the 1.1630 and 1.1600 levels.
by OctaFX_Official
ETHUSD STRONGLY BEARISH BELOW $440Ethereum has fallen back towards the $440 support level in Tuesday trading, with the second most popular cryptocurrency looking increasingly weak. The ETHUSD pair was strongly rejected from the $460 level on Monday, as the early-week recovery faded. Sellers will now look to target the $395 support level, while buyers will aim to move price above the $460 resistance level. The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels. If the ETHUSD pair moves back above the $460 level, buyers may test towards the $482 and $500 resistance levels.
BITFINEX:ETHUSD
by OctaFX_Official
GBPUSD TESTING CRITICAL WEEKLY SUPPORTThe British pound is starting to trade towards key weekly support against the US dollar on Tuesday, as the greenback starts to recover higher. The GBPUSD pair is currently hovering around the key 1.3100 support level, with price so far finding interim technical support from the 1.3080 level. Sellers will likely target further losses below the 1.3080 level, while buyers will target the 1.3155 resistance level. The GBPUSD pair is bearish while trading below the 1.3100 level, key technical support is found at the 1.3080 and 1.3050 levels. If the GBPUSD pair holds above the 1.3100 level, key resistance is found at the 1.3155 and 1.3194 levels.
by OctaFX_Official
EURUSD VULNERABLE TO LOSSES BELOW 1.1681The euro continues to reverse early-week gains against the US dollar, as trade war fears help to underpin strength in the greenback. The EURUSD pair is currently trading below the 1.1700 level and remains at risk of further losses if price slips below the 1.1681 level. The MACD indicator is also starting to turn lower across the four-hour time frame, while price is also starting to approach the 200-period moving average on the mentioned time frame. The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels. If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
by OctaFX_Official
EURUSD VULNERABLE TO LOSSES BELOW 1.1681The euro continues to reverse early-week gains against the US dollar, as trade war fears help to underpin strength in the greenback. The EURUSD pair is currently trading below the 1.1700 level and remains at risk of further losses if price slips below the 1.1681 level. The MACD indicator is also starting to turn lower across the four-hour time frame, while price is also starting to approach the 200-period moving average on the mentioned time frame. The EURUSD pair is only intraday bullish while trading above the 1.1681 level, key resistance is found at the 1.1724 and 1.1750 levels. If the EURUSD pair falls below the 1.1681 level, sellers will likely test towards the 1.1650 and 1.1630 support levels.
by OctaFX_Official
GBPUSD INTRADAY BULLISH ABOVE 1.3100 LEVELThe British pound continues to benefit from broad-based weakness in the greenback on Monday, with the GBPUSD pair once again reclaiming the 1.3100 level. The GBPUSD has scope to recover higher while trading above the 1.3100 level, assuming the US dollar index continues to trade lower. Buyers will look to target the 1.3194 level, while sellers will attempt to hold price below the 1.3100 level. The GBPUSD pair is intraday bullish while trading above the 1.3100 level, key technical resistance is now found at the 1.3155 and 1.3194 levels. If the GBPUSD pair falls below the 1.3100 level, sellers will likely target the key 1.3080 and 1.3055 resistance levels.
by OctaFX_Official