Analytics

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector. After surging in the previous weekend, cryptocurrencies held up their gains throughout…

GBP/USD trades at four-month lows amid a deteriorating political outlook in the UK. Cross-party trade talks and US-Sino negotiations are both set to collapse. However, the four-hour chart shows oversold conditions, implying a temporary bounce. “Boris Johnson, PM”, is a headline that may soon front newspapers, and markets are not to so enthusiastic about it.…

EUR/USD is struggling as the market mood worsens on growing trade row. Apart from trade, US consumer sentiment is also eyed. Technically, the currency pair hangs above a critical double-bottom. As long as the US and China continue talking, the tariffs and counter-tariffs are only part of the game, and a solution is not that…

EUR/USD is clinging onto the 1.1200 level once again after a quick roundtrip.  US-Sino trade tensions and Italy’s tough stance on its budget weigh. The technical outlook is mixed for the currency pair. Donald Trump giveth, and Donald Trump taketh away. The US President sent  higher on Wednesday by postponing potential tariffs on the automotive industry.…

GBP/USD is trading at the lowest levels in three months amid trade and Brexit issues. PM Theresa May’s future is at the hands of the Conservatives’ 1922 Committee. The four-hour chart shows clear oversold conditions for the currency pair. UK PM Theresa May is getting closer to losing her job at 10 Downing Street. The…

All three cryptocurrencies have suffered losses, and this includes the recent leader, Ethereum.  The trio enjoys significant support, but it is enough to resume the gains? Here are the levels to watch according to the Confluence Detector. Cryptocurrencies are on the back foot, losing ground after several upbeat days. Bitcoin fell below $8,000 just after…

EUR/USD is trading around 1.1200, back at the previous range.  The trade front is calm, and critical data is eyed.  The technical outlook is not bullish anymore for the pair. Calm is not necessarily a good thing for EUR/USD. The rhetoric around the US-China trade war has softened, US Treasury Secretary Steven Mnuchin is set…

GBP/USD is getting comfortable in a lower range amid relative market calm. May will bring the Brexit deal to a fourth vote, and expectations are low. The technical outlook is bearish for the currency pair. Three is a lucky number in many traditions, but it was not a winner for UK PM Theresa May when…

EUR/USD is holding onto gains above 1.1200 as the market mood improves.  US-Sino trade remains in the spotlight, but German data and other events may impact the pair. The technical outlook is decidedly bullish for the currency pair. US President Donald Trump proved his sensitivity to stock markets once again. After the escalation in the…

GBP/USD is extending its losses on lower ground. The Brexit impasse is the critical driver, overshadowing Trump’s trade wars and the jobs report. The technical outlook is bearish for the currency pair. Brexit never really went away, and when things do not move forward, they move backward. The cross-party Brexit talks seem closer to collapse…