Technical Analysis

19 June 2024
EUR/USD Edges Up Amid Disappointing U.S. Retail Sales; French Election Uncertainty Weighs on Market

The EUR/USD experienced only a slight increase on Tuesday, with bullish sentiment barely taking advantage of disappointing U.S. retail sales data. Thi...

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14 June 2024
EUR/USD Recovers Amid Soft U.S. Data, Technicals Remain Bearish

EUR/USD saw a recovery on Thursday, rebounding from earlier lows as unexpectedly soft U.S. economic data stirred expectations of potentially easier Fe...

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13 June 2024
USD/JPY Rebounds in Asia Amid BOJ Policy Hold Expectations and Fed Rate Differentials

The USD/JPY pair has seen a significant rebound in Asian trading, rising from 156.55 to 157.03 following a plunge to 155.70 overnight due to weaker-th...

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12 June 2024
EUR/USD Under Pressure as Key U.S. CPI and Fed Meeting Loom; Technicals Signal Further Downside

The EUR/USD pair faces increasing downside risks, reflecting a complex mix of technical and fundamental factors. The pair fell below the daily cloud b...

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10 June 2024
USD/JPY Eyes 158 on Strong NFP and Anticipated CPI, Fed Decisions

The USD/JPY currency pair recently ended its series of lower highs following a bullish Non-Farm Payroll (NFP) report. This positive report led to a si...

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07 June 2024
EUR/USD Edges Higher Amid ECB Rate Cut and U.S. Jobless Claims Rise, Awaiting Key Payrolls Data

EUR/USD experienced a retreat from Thursday's peak of 1.0902 following the European Central Bank's (ECB) potentially premature rate cut. Despite this...

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06 June 2024
GBP/USD Rises on Soft U.S. Data, Eyes Key Resistance Amid Fed and BoE Rate Speculations

The GBP/USD pair experienced a significant rise to a session high of 1.2795, positioning itself to potentially test the recent trend high at 1.2818. T...

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05 June 2024
USD/JPY Plunges Amid Yen-Funded Trade Unwinding; Key U.S. Economic Data Looms

The USD/JPY has experienced a significant decline this week, primarily driven by a broader unwinding of yen-funded risk-on trades and a substantial dr...

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04 June 2024
GBP/USD Holds Steady as Traders Eye Key U.S. Payrolls Data; Technical Setup Remains Positive

GBP/USD remains anchored by its flattening 10-day moving average at 1.2731, down 0.07% in early North American trading. Despite falling long-term U.S....

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03 June 2024
EUR/USD Slightly Higher Amid Risk-On Sentiment; Eyes on European Manufacturing PMIs

The EUR/USD pair is experiencing a slight uptick, trading within the range of 1.0846-1.0858, as risk sentiment remains positive ahead of the upcoming...

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