EUR/USD is currently positioned between 1.1770 and 1.1780, just under 30 pips from the recent two-month peak of 1.1804. The price is positioned in the upper section of an ascending channel that has directed the pair upward since late November, displaying a distinct pattern of higher highs and higher lows on both the 4H and … Read more
GBP/USD is currently positioned between 1.337 and 1.338, remaining just below the 1.3400 resistance level that has consistently deterred buyers. The price movement observed throughout the week has exhibited volatility without a clear trend: the pair approached 1.3400, encountered resistance, and subsequently declined, indicating uncertainty rather than a definitive breakout. The market is currently confined … Read more
GBP/USD is currently positioned near 1.3380, with the price consistently struggling in the 1.3440–1.3455 range and discovering support slightly above 1.3300. The pair is fluctuating within a tight range of 1.3300 to 1.3455, with 1.3375 serving as a pivotal point where buying and selling activities are consistently adjusting positions. Recent data from the UK indicates … Read more
USD/CAD exhibited strength, approaching a well-established support zone. The trajectory is influenced by the overall strength of the dollar and anticipations surrounding the Federal Reserve, with volatile conditions expected to persist between significant technical thresholds. USD/CAD has shown a strong performance and has generally fared well against various currencies globally today. This situation is particularly … Read more
The AUD/USD pair is facing challenges beneath the 0.67 threshold, as successive rallies diminish in the context of global trade uncertainty. Until that barrier is surpassed, the potential for downside risk continues to be significant, particularly towards the 0.6550 level. AUD/USD appears to be in a state of uncertainty currently, as the 0.67 level serves … Read more
EUR/USD is currently positioned between 1.1720 and 1.1730 as of December 17, experiencing a pullback from the 1.1780 peak observed at the end of the previous week, yet maintaining a distinctly positive framework. The pair has decreased approximately 0.2–0.3% today after reaching a 12-week peak exceeding 1.1780. However, it continues to trade above the critical … Read more
USD/CAD continues to exhibit volatility around a significant technical level as market participants assess Federal Reserve policy and the overall strength of the dollar. The limited yield advantage suggests that the direction of USD/CAD will likely be influenced by fluctuations in other significant currency pairs. The US dollar has exhibited considerable volatility during the trading … Read more
GBP/USD is currently positioned between 1.34 and 1.3430 following a significant intraday shift primarily influenced by macroeconomic data and adjustments in central bank expectations. In the United States, November nonfarm payrolls increased by just 64,000 following a decline of 105,000 in October, and the unemployment rate rose from 4.4% to 4.6%. Retail sales for October … Read more
EUR/USD navigated through a significant resistance zone throughout the week, concluding just beneath the upper boundary. The pair commenced trading at approximately 1.1640 and concluded at around 1.1743, with intra-week peaks nearing 1.1762. The result indicates an approximate 0.88% increase for the week, alongside a definitive examination of the 1.1686–1.1748 Fibonacci range that has impeded … Read more
EUR/USD is currently positioned at approximately 1.1740–1.1741 following the recent 25 bp Fed cut, effectively maintaining its stance just below a clearly established resistance band rather than showing signs of reversal. The price is consolidating within the upper segment of the recent range, rather than retreating from it. Positioning indicates a cautious stance, yet remains … Read more