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<p>Bitcoin has broken above the $7,000 resistance level as the new trading week has begun with a fresh wave of buying interest for cryptocurrencies. The BTCUSD pair could rally towards the $7,650 level if buyers break through the $7,300 resistance barrier. Failure to rally above the $7,300 level could result in strong BTCUSD technical selling

<p>The US dollar has started to rally against the Japanese yen currency after breaking above the technically important 109.00 resistance level. The lower time frames currently show that the USDJPY pair is working within a large ascending triangle pattern. The top of the triangle pattern is currently located around the 111.50 level, while the

<p>AUDUSD has been in a slightly declining wave after the touch on the 0.6215 resistance, entering the Ichimoku cloud and being capped by the 20- and 40-period simple moving averages (SMAs) in the 4-hour chart. According to the momentum indicators, the RSI is pointing up near the neutral threshold of 50, gaining some ground, while […]

<p>GBPJPY sped up towards the top of its range on the four-hour chart on Monday after officials eased fears over Boris Johnson hospitalization. A closure above the 134.47 resistance, which is also the 50% Fibonacci of the bearish wave from 144.94 to 124.00, and more importantly above the 200-period simple moving average (SMA), could prove [&h

<p>During the previous trading session, the XAU/USD exchange rate consolidated in the 1,620.00 area. During Monday morning, the rate raised to the local resistance level at 1,640.00. From the one hand, it is likely that bulls could prevail in the market, and gold could continue to appreciate against the US Dollar. In this case the […]

<p>On Friday, the USD/JPY currency pair traded upwards. During today&#8217;s morning, the pair raised to the resistance formed by the Fibo 23.60% and the weekly R1 in the 109.30 area. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that […]

<p>At the end of last week, the GBP/USD exchange rate dropped to the support provided by the 200-hour SMA in the 1.2235 area. During Monday morning, the rate reversed north. Note that the currency pair faced the resistance area formed by the 55– and 100-hour SMAs, as well the weekly and monthly PPs and Fibo […]

<p>On Friday, the EUR/USD currency pair consolidated in the 1.0800 area. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is pressured by the 55-hour SMA near 1.0850, it is likely that some downside potential could prevail in the market. In this case the rate could target the weekly S1 at [&hel

Analysts at Westpac Institutional Bank take a look at the outlook of the kiwi against the US dollar and the Aussie. Key quotes “NZD/USD is vulnerable

Gold gained positive traction for the fourth consecutive session on Monday and climbed to near two-week tops, around the $1638 region during the mid-E