Technical Analysis

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...

16 October 2024
GBP/USD Awaits CPI for Clarity on BoE’s Rate Path After Employment Data Boost

GBP/USD remained near the top of its recent trading range, hovering around 1.31 after UK employment and wage data came in slightly above forecast. The...

15 October 2024
EUR/USD Faces Bearish Pressures as ECB Policy Shift and Technical Breakdowns Weigh

EUR/USD is trading under renewed pressure, having closed below the 100-day moving average (DMA) and daily Ichimoku cloud base at 1.0936/45. This break...

14 October 2024
USD/JPY Near Key Levels as Traders Balance Risk with Policy Uncertainty

USD/JPY has remained near the top of its daily trading range, testing significant resistance at 149.08, as U.S. yields rise on solid economic data. Th...

11 October 2024
EUR/USD Faces Bearish Pressures Amid Rising US Inflation and Yield Gains

EUR/USD remained under pressure, hitting a fresh two-month low as U.S. inflation data and rising yields drove the dollar higher, overshadowing the tig...

10 October 2024
Sterling Struggles Near Key Support as Central Bank Policies Take Center Stage

GBP/USD traded near its recent trend lows on Wednesday, anchored by support at 1.3060 as traders await more information on the rate paths of the Feder...