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Posted on March 3, 2020
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/ Analysis Team

USDJPY FUNDAMENTAL DRIVERS

USDJPY FUNDAMENTAL DRIVERS The US dollar is consolidating around the 108.00 level against the Japanese yen currency, as traders await the US primary election results and the latest coronavirus news. Positive election results for candidate Bernie Sanders could see...

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Posted on March 3, 2020
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/ Analysis Team

EURUSD BEARISH BELOW 1.1120

EURUSD BEARISH BELOW 1.1120 The euro currency is back under minor downside pressure against the US dollar after finding strong technical resistance just below the 1.1200 level. Going forward, the 1.1120 level is likely to act as a major...

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Posted on March 3, 2020
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/ Analysis Team

LTCUSD $58.50 PIVOT

LTCUSD $58.50 PIVOT Litecoin is attempting to gain upside momentum after the sixth-largest cryptocurrency found buying interest from just above the $55.00 level. LTCUSD bulls need to hold price above the $58.50 level to encourage more technical buying towards...

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Posted on March 3, 2020
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GBPUSD WATCHING SUPPORT

GBPUSD WATCHING SUPPORT The British pound is under downside pressure against the US dollar after the Bank of England hinted that they may cut interest rates this month. A loss of key Fibonacci support, around the 1.2750 level could...

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Posted on March 3, 2020
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/ Analysis Team

ETHUSD $238.00 NEEDED

ETHUSD $238.00 NEEDED Ethereum is attempting to gain traction above the $220.00 level on Tuesday after finding strong technical support above the $200.00 support level last week. Bulls need to anchor the ETHUSD pair above the $238.00 level to...

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Posted on March 2, 2020
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EURUSD TRACKING HIGHER

EURUSD TRACKING HIGHER The euro has continued to recover higher against the US dollar during the European trading session, with the pair heading towards the 1.1100 level. Sellers may look to fade the recent rally in the EURUSD pair...

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Posted on March 2, 2020
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/ Analysis Team

USDJPY 108.90 PIVOT

USDJPY 108.90 PIVOT The US dollar is staging a solid recovery against the Japanese yen currency after the pair dropped sharply lower on the weekly price open this morning. Going forward, the 108.90 level is key trendline resistance and...

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