Technical Analysis

16 September 2024
EURUSD Chart Analysis

During the New York session, EUR/USD opened near 1.1090, but market participants saw an initial dip below 1.1080 as selling pressure emerged. However,...

23 August 2024
GBP/USD Hits 2024 High as UK PMIs Beat Forecasts, Bulls Eye July 2023 Peak

GBP/USD surged to a new 2024 high of 1.3129 on Thursday, driven by stronger-than-expected UK flash PMI data for August. The upbeat economic indicators...

22 August 2024
EUR/USD Holds Near 13-Month High as Markets Await Powell’s Speech at Jackson Hole

The EUR/USD pair traded close to flat on Wednesday, maintaining its position near a 13-month high as the broader uptrend took a pause. Investors are n...

21 August 2024
GBP/USD Risks Bull Trap After Hitting New 2024 High Amid Pre-Jackson Hole Dollar Weakness

The GBP/USD currency pair climbed to a new 2024 high of 1.3054 during Tuesday's session as traders capitalized on the continued weakness in the U.S. d...

20 August 2024
USD/JPY pair encountered substantial volatility, dropping by around 1.7%

At the beginning of the week, the USD/JPY pair encountered substantial volatility, dropping by around 1.7% during the Asia-Pacific session, briefly br...

19 August 2024
EUR/USD currency pair saw a modest rally on Friday, climbing as high as 1.1010

The EUR/USD currency pair saw a modest rally on Friday, climbing as high as 1.1010, although the bullish momentum appeared somewhat tepid. The pair op...

16 August 2024
GBP/USD pair experienced a notable decline on Thursday, testing the crucial support level of 1.28, following the release of U.S. retail sales and jobless claims data

The GBP/USD pair experienced a notable decline on Thursday, testing the crucial support level of 1.28, following the release of U.S. retail sales and...

15 August 2024
EUR/USD surged to a 7-month high on Wednesday as bullish momentum persisted following the release of U.S. CPI data

EUR/USD surged to a 7-month high on Wednesday as bullish momentum persisted following the release of U.S. CPI data, which sparked renewed debate over...

13 August 2024
EUR/USD Stuck in Tight Range as Geopolitical Risks and Key Data Keep Investors Cautious

Current Price Action: EUR/USD opened the New York session around 1.0920, with limited action throughout the day, as the pair remained stuck in a narro...

12 August 2024
EUR/USD Holds Tight Range as Investors Eye Key U.S. Data Amid Balanced Market Risks

Current Price Action: EUR/USD traded within a tight range, opening near 1.0915 in New York after an overnight low of 1.0910. The pair initially droppe...