Technical Analysis

09 May 2024
GBP Softens Ahead of BoE Meeting Amid Uncertainty Over June Rate Cut Odds

The pound softened ahead of Thursday's Bank of England (BoE) meeting, with the possibility of a rate cut in June hovering near 50% odds.

08 May 2024
GBP/USD Technical Analysis: Support and Resistance Levels in Focus Ahead of BoE Meeting

The GBP/USD currency pair experienced a 0.30% decline, reaching 1.2520 and slipping below recent lows.

07 May 2024
USD/JPY Rebounds Amidst Intervention Concerns, Eyes on U.S. Data for Direction

The USD/JPY pair experienced a significant 0.6% increase on Monday, albeit with potential limitations on further upside movement expected before the release of key U.S. economic data on May 15th

06 May 2024
GBP/USD Technical Analysis: Struggles with 200-day SMA Amidst Momentum Concerns

GBP/USD saw an upward movement recently but struggled to maintain momentum, particularly evident in its failure to close above the 200-day SMA.

03 May 2024
EUR/USD Recovers from Intraday Lows as US Dollar and Yields Weaken

The EUR/USD currency pair opened trading near the 1.0700 level, with the most recent transaction occurring at 1.0725.

02 May 2024
The euro to surges to 1.0694 post Fed Interest Rate Decision

The recent market movements in the EUR/USD pair reflect a complex interplay of economic indicators and central bank communications.

01 May 2024
GBP/USD Faces Downward Pressure Amid Hawkish Fed Stance and Strengthening USD

The recent trading activity in GBP/USD indicates a downward trend, evidenced by a 0.5% decline and a test of the critical support level at 1.25.

30 April 2024
The EUR/USD currency pair exhibits a moderate increase to 1.0728

The EUR/USD currency pair exhibits a moderate increase to 1.0728 following the release of US GDP data

29 April 2024
USD/JPY sharp dip as prices reach 160

USD/JPY exhibits heightened volatility within a wide range of 155.15-160.20

26 April 2024
The EUR/USD currency pair experienced a moderate rise to 1.0728

Following the US GDP data release, the EUR/USD currency pair experienced a moderate rise to 1.0728, signaling a positive market reaction.