Technical Analysis

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. Despite mixed sign...

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. Notab...

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, indicating a positive market reaction driven by...

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, accentuated by a public holiday in Tokyo. Swift movements from 158.60 to...

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. Despite limi...

26 April 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,...

25 April 2024
USD/JPY has successfully breached the 155 level

As of April 25, 2024, USD/JPY has breached the significant psychological resistance level at 155, signaling a notable bullish momentum. This breakthro...

24 April 2024
GBPUSD pulls back from recent lows, key data risks include Friday PCE Data

As of April 24, 2024, GBP/USD exhibits a consolidation pattern above the critical psychological level of 1.0700, suggesting the formation of a potenti...

24 April 2024
EUR/USD currency pair modestly climbed to 1.0728 after GDP Data

The EUR/USD currency pair has modestly climbed to 1.0728 following the announcement of US GDP figures. The market has reacted positively to strong eco...

22 April 2024
USD/JPY pair demonstrates resilience, finding support at the critical level of 153.60

The USD/JPY pair demonstrates resilience, finding support at the critical level of 153.60, coinciding with the 20-day Moving Average, amidst market de...