Technical Analysis

03 July 2024
USD/JPY Hits 38-Year High Amid Rising U.S. Yields and Japanese Intervention Uncertainty

USD/JPY climbed to a new 38-year peak on Tuesday, driven by higher U.S. bond yields, prompting official commentary. Notably, there was an absence of t...

02 July 2024
EUR/USD Stalls Amid Political Uncertainty and Rising U.S. Yields

The euro experienced a modest reprieve following the first round of the French election, but this relief was short-lived as political uncertainty on b...

01 July 2024
GBP/USD Steadies Amid Mixed U.S. Data; Awaiting Clear Signals on Diverging Rate Paths

GBP/USD steadied after the release of U.S. Personal Consumption Expenditures (PCE) data, which initially lifted the pound to a Friday high of 1.2670,...

28 June 2024
EUR/USD Gains Trimmed Ahead of US PCE Report

The EUR/USD opened the New York session near 1.0705, briefly dipping to 1.0685 before climbing to 1.0724. The decline in US yields and the US dollar f...

27 June 2024
USD/JPY Hits Multi-Decade High Amid Intervention Concerns and Carry Trade Demand

On Monday, Japanese authorities verbally intervened in the market, warning of potential action if the yen continued to depreciate excessively. This in...

26 June 2024
EUR/USD Bears Eye Deeper Slide Amid Strong U.S. Yields and Bearish Technical Signals

EUR/USD bulls face a challenging environment as supportive data is crucial to counteract bearish technical signals. On Tuesday, EUR/USD erased earlier...

25 June 2024
USD/JPY Poised to Break 160.00 Amid Volatility, Intervention Concerns Persist

Overview and Recent Movements: The USD/JPY pair has recently experienced significant volatility, moving above the 10-hour moving average to reach 159....

24 June 2024
EUR/USD: Diverging Data and Technical Signals Point to Further Downside

EUR/USD turned lower on Friday, striking a five-session low, as diverging economic data and technical indicators suggest continued downside risks. The...

21 June 2024
EUR/USD Falls Below 10-DMA Amid Bearish Technical Signals and Economic Data Misses

Fundamental AnalysisEUR/USD longs might be concerned as the currency pair fell below the 10-day moving average (10-DMA) on Thursday, despite typically...

20 June 2024
GBP/USD Reaches Intra-Week High Amid Strong UK Services CPI; BoE Rate Decision Looms

The GBP/USD pair, commonly known as "Cable," has recently experienced significant fluctuations, driven by both technical and fundamental factors. This...