Technical Analysis

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

The USD/JPY pair has recently experienced significant volatility, moving above the 10-hour moving average to reach 159.60 in the New York afternoon.

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.

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

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

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.

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.

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 Federal Reserve policy.

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-than-expected U.S. CPI data.

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.

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.

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.