Analytics

Cryptos comeback on the weekend once again – levels

May 19, 2019 Off

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…

By admin-445

Boris Johnson weighs on GBP/USD

May 17, 2019 Off

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.…

By admin-445

EUR/USD set to collapse alongside US-Sino talks

May 17, 2019 Off

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…

By admin-445

EUR/USD awaits Trump’s next trade move

May 16, 2019 Off

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.…

By admin-445

GBP/USD sliding alongside PM May’s prospects

May 16, 2019 Off

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…

By admin-445

Crypto levels to watch after the correction

May 16, 2019 Off

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…

By admin-445

EUR/USD looks strong, regardless of Trump

May 14, 2019 Off

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…

By admin-445

Pound downed by Brexit, and nothing else matters

May 14, 2019 Off

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…

By admin-445