Technical Analysis

24 May 2024
EUR/USD Holds Steady as U.S. Economic Strength Offsets Eurozone Gains; Market Eyes Upcoming U.S. Data

On Thursday, the EUR/USD pair faced significant volatility, ultimately closing the day nearly unchanged. This was primarily driven by a clash of econo...

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23 May 2024
USD/JPY Targets Key Resistance at 156.80 Amid Fed's 'High-for-Longer' Rate Stance; Technicals Suggest Upside Potential

USD/JPY experienced a slight increase, ending the North American session up by 0.27% at 156.60, within a daily trading range between 156.63 and 156.12...

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22 May 2024
GBP/USD Stands Firm as Traders Anticipate UK CPI; Technical Patterns Signal Potential Shift Ahead of BoE Rate Decision

GBP/USD is showing signs of stability as it hovers near recent highs, with traders eyeing the upcoming UK Consumer Price Index (CPI) data set to be re...

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21 May 2024
EUR/USD Stabilizes Amid Fluctuating Yields and Fed Rhetoric; Consolidation Phase Holds as Markets Eye Central Bank Moves

EUR/USD experienced some volatility in New York trading, opening near 1.0875 after touching an overnight high of 1.08845 . Initially, the pair extende...

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20 May 2024
GBP/USD Faces Technical Resistance Near 1.27 Ahead of Key UK Inflation Data, Potential BoE Policy Shift in Focus

GBP/USD began Monday trading in a relatively flat position, remaining capped near Thursday's high of 1.27. Traders are currently evaluating the implic...

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17 May 2024
"GBP/USD Pauses Near 1.2700 After Soft CPI Data, Eyes on May 22 UK Inflation Report for BoE Clues

Sterling bulls hit a pause near the 1.2700 mark after reaching a five-week high of 1.2701 early Thursday. This temporary exhaustion followed the relea...

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16 May 2024
EUR/USD Hits 1-1/2 Month High as U.S. Inflation Data Boosts Rate Cut Expectations

The EUR/USD pair surged to a 1-1/2-month high on Wednesday, driven by unexpected U.S. economic data that could prompt the Federal Reserve to adopt a m...

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15 May 2024
USD/JPY Faces Key Resistance at 157 Ahead of Crucial U.S. CPI and Retail Sales Data

The USD/JPY pair is in a critical phase, with its recent recovery from this month’s low of 151.90 being closely watched by market participants. The re...

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14 May 2024
USD/JPY Surges Past 156.05 on Inflation Concerns; Eyes 158.28 as Key Technical Pivot Amid US Data and BoJ Rate Hike Expectations

The USD/JPY pair has gained 0.28%, surpassing 156.05, marking a significant 50% retracement of its recent plunge. This modest breakout was triggered b...

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13 May 2024
EUR/USD Faces Technical Crossroads at 1.0790 Amidst Central Bank Signals and US Data Anticipation

Last Friday, EUR/USD encountered notable resistance at 1.0790, influenced by multiple factors signaling potential market shifts. The resistance stemme...

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