Technical Analysis

30 October 2024
Inflation Concerns Keep EUR/USD Under Pressure Despite Slowing U.S. Jobs Data

EUR/USD slipped lower on Tuesday, even as U.S. jobs data pointed to potential economic softening. The September JOLTS report fell sharply to 7.443 mil...

29 October 2024
GBP/USD Finds Support Near 100-DMA as Key Budget and Election Risks Loom

 Sterling’s rally was tempered Monday as GBP/USD slipped back towards the 100-DMA at 1.2971, struggling to hold above the psychological 1.30 leve...

28 October 2024
EUR/USD Temporary Rebound Likely Capped by Persistent U.S. Dollar Yield Advantage

EUR/USD edged higher on Thursday after ECB policymaker Joachim Nagel cautioned against a hasty rate cut approach, underscoring the ECB’s resolve to co...

25 October 2024
EUR/USD Temporary Rebound Likely Capped by Persistent U.S. Dollar Yield Advantage

EUR/USD edged higher on Thursday after ECB policymaker Joachim Nagel cautioned against a hasty rate cut approach, underscoring the ECB’s resolve to co...

24 October 2024
USD/JPY Holds Gains but Faces Resistance as Haven Demand and Technicals Limit Upside

USD/JPY held firm on Wednesday but eased from its day’s high of 153.19 as a decline in U.S. shares triggered some haven-related yen buying. The pair r...

23 October 2024
EUR/USD Faces Renewed Downside as Yield Spreads Widen, Growth Outlook Diverges

EUR/USD opened near 1.0830 in New York but quickly lost ground, trading close to the critical 1.0800 level as widening U.S.-German yield spreads and d...

22 October 2024
GBP/USD Pressured Near 1.30 as Rising U.S. Yields and BoE Policy Divergence Weigh

Sterling continued to tread water around the key 1.30 level on Monday, weighed down by rising U.S. Treasury yields and broad dollar strength. The pair...

21 October 2024
USD/JPY Nears Critical Resistance as Intervention Fears and Profit-Taking Cap Gains

USD/JPY's bullish momentum has slowed near the 150 level, as traders begin to lock in profits and heed warnings from Japanese officials regarding yen...

18 October 2024
EUR/USD Extends Losses

EUR/USD sank to a two-month low on Thursday, weighed down by diverging economic data between the U.S. and eurozone. While the ECB delivered a 25 basis...

17 October 2024
EUR/USD Breaks Key Support as Bearish Technicals Reinforce Downtrend

EUR/USD has dropped sharply, hitting a fresh two-month low of 1.0871 as traders continue to pare back long positions. After rallying to 1.1214, the pa...