GBPUSD Price Might Dip Lower Based on Sentiment

Traders Remain Net-Long Since Apr 20 GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is […]

GBP: Brexit and BoE Will Steer Sterling Next Week

Sterling Talking Points: Mixed data releases but Q2 growth looks weak. Brexit talk and BoE data key next week. The DailyFX Q2 GBP Forecast is available to download. Fundamental Forecast for GBP: Bullish We stay bullish on Sterling for the week ahead but caution that ongoing Brexit talks and the Bank of England monetary policy […]

EUR/USD Weekly Technical Outlook: ECB Slams Euro Back Down to Support

EUR/USD Technical Highlights: EUR/USD gets clobbered back down to support Looking for some back-and-filling as market digests ECB Overall, bias is for rallies to fail but not full-on bearish until support breaks Whether you are looking for trading forecasts for the Euro or another currency, trade ideas, or educational guides, we’ve got you covered on […]

LTC/USD Technical Outlook: Litecoin Prices Plummet towards Yearly Low

Litecoin is down nearly 60% year-to-date with prices approaching the yearly lows after breaking February trendline support earlier this week. The decline is approaching initial areas of support that could offer a reprieve. Here are the key levels that matter for LTC/USD. New to Trading? Get started with this Free Beginners Guide Litecoin Daily Price […]