Technical Analysis

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...

09 August 2024
GBP/USD Slides to 5-Week Low, But Faces Resistance Ahead

Current Price Action: GBP/USD has extended its decline, reaching a new 5-week low at 1.2660 during early trading. However, the pair experienced a part...

08 August 2024
EUR/USD Holds Steady in Tight Range as Yield Spreads Support Bullish Sentiment Amid Mixed Signals

Current Price Action: EUR/USD opened near 1.0920 in New York after hitting 1.09050 overnight. The pair traded within a tight range of 1.0910-1.09362 f...

07 August 2024
GBP/USD Hits 5-Week Low Amid Rising BoE Rate Cut Expectations and Unwinding Speculative Longs

Current Price Action: GBP/USD is currently trading at 1.2702, showing a decline of 0.6% during the New York afternoon session. The pair has reached a...

06 August 2024
GBP/USD Holds Steady Amid Market Volatility and Diverging Rate Expectations

Despite technically being down 0.2% at 1.2779 in Monday trading, GBP/USD remains entrenched within its recent range, supported by the daily cloud top...

05 August 2024
JPY Buy-Backs Continue in Asia as Stocks Slammed, Bonds Bought

Japanese yen buy-backs persisted in Asia, causing significant declines in USD/JPY and JPY crosses. Stocks were heavily hit by US recession risks, whil...