Tag: Currency pair analysis

The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back above a bearish trend line with resistance at 0.6480 on...

The USD/JPY pair continues to trade in a range, with the intraday bias remaining neutral. It is anticipated that there will be another increase as long as the support at 151.44 is maintained. If...

GBPUSD has been on a downward trend for the past four weeks, dropping below the 1.3000 mark and hitting a new low of 1.2943. Technical indicators show that there is still a strong selling...

This week, various significant events are expected to take place that could impact the global market. Here is a breakdown of what to look out for:Monday: People's Bank of China (PBoC) is anticipated to...

GBP/USD saw a slight decline last week to 1.2973 before bouncing back with the help of support around the 1.3000 mark. This led to a neutral bias for the upcoming week. A clear breakthrough...

EUR/USD saw a decline from 1.1213 last week, but managed to bounce back after reaching 1.0810. The initial bias for this week remains neutral for consolidations. However, the outlook will remain bearish as long...

The US Dollar's bullish momentum appears to be slowing down despite the recent higher-than-expected US CPI and PPI reports. The market has adjusted its expectations for aggressive rate cuts and is now in line...

The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is influenced by economic data...

The EUR/USD pair experienced a drop from 1.1213 to 1.0899 last week before finding some support around the 1.0920 mark. This led to a neutral stance for the upcoming week, with a possibility of...

Yesterday, the US Dollar received a boost from a higher than expected US CPI report, but quickly lost those gains. This was due to the US Jobless Claims figures also being released, showing a...