Cable remains under increased pressure and heads south for the second straight day (down 1% in two days). Persistent weakness in Britain’s business activity, increasing pace of cutting jobs and growing concerns about government’s finances, weigh heavily on sterling. Pound accelerated sharply lower after repeated failure at strong technical…

Gold price continues to trend lower for the third consecutive day, deflated by stronger dollar and optimism on signs of progress in US-EU trade talks. Bears regained control after a double upside rejection and false break above the bear-trendline connecting ($3500 record high and June 16 lower top at $3452) with formation of bearish engulfing…

BTCUSD fell to the lowest in two weeks on Friday, on acceleration that resulted in losses of over 3% during Asian / early European session. Weakened sentiment sparked fresh wave of sales that pushed the price through pivotal supports at 115.7K zone (recent consolidation range floor / 20DMA). Violation of these supports generates initial…

Gold price falls for the second day, as growing optimism over possible US-EU trade deal continues to fuel risk appetite and deflates safe-haven demand. Fresh weakness emerged after bulls failed to register a clear break above trendline resistance (daily chart triangle’s upper boundary) with return below the trendline signaling a false break…

XRP extends pullback from new high ($3.66) on Thursday after it dropped over 10% on Wednesday, in the biggest daily loss since March 3. Repeated failure at $3.66 zone with strong upside rejections and double daily Doji candles, as well as overbought conditions on daily chart (Stochastic bearish divergence) generated reversal signal that prompted…

EURUSD eases from new two-week high (1.1760) on Wednesday, as traders reacted to overbought conditions and opted for partial profit taking after steep three-day rally. Dips were so far shallow (contained by 20DMA at 1.1708), keeping intact more significant support at 1.1685 (broken Fibo 76.4% of 2021/2022 1.2349/0.9535 downtrend). The pair…

AUDUSD kept firm tone and accelerated higher on Wednesday, extending its latest bull-phase into fourth straight day. The pair hit the highest levels in over one week, lifted by announcement of US-Japan trade deal that fueled fresh risk appetite. Bulls pressure 2025 peak at 0.6595 (July 11), violation of which would signal an end of four-week…

Gold surged above $3400 barrier on Tuesday after a brief pause (shallow pullback from $3402 to $3383) and cracked next target at $3420 (triangle’s upper boundary). Steep ascend extends into second consecutive day, with daily close above $3400 zone (psychological / Fibo 76.4% of $3452/$3246) to generate fresh bullish signal, which will be…