Technical Analysis

03 May 2024
EUR/USD Recovers from Intraday Lows as US Dollar and Yields Weaken

The EUR/USD currency pair opened trading near the 1.0700 level, with the most recent transaction occurring at 1.0725. Initially, the pair experienced...

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...