USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen.
However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...
In general, GBP/USD is still maintaining a downward trend. This currency pair traded slightly lower on the day, dipping below the 1.2450 level at the start of the European trading session on Tuesday.
While there are indications of a minor price adjustment and a slight increase, traders may perceive a glimmer of hope for a recovery. However, this is merely a...
The EUR/USD pair held steady above the 1.0600 USD level during the European trading session on Tuesday. Despite dropping to a new low, it still received support from US bond yields, albeit rising slowly. However, its recovery seems weak due to the strength of the US dollar and risk concerns.
From a technical standpoint, the Relative Strength Index (RSI) indicates...
EUR/USD continues to decline sharply, trading near the 1.0610 USD level during the Asian session on Tuesday. This downward trend is attributed to the strength of the USD, driven by strong signals of economic growth in the United States.
On the 1-hour chart, we can observe that the price is gradually rebounding after a period of steep decline. It is forecasted...
The EUR/USD pair continues to drop sharply, nearing the 1.0610 USD level during the Asian trading hours on Tuesday. This decline is driven by the strong growth momentum of the USD, propelled by pressure from higher bond yields in the United States.
From a technical standpoint, the downtrend of EUR/USD remains firmly intact. On the 4-hour chart, the downward trend...
Overall, Gold is still maintaining a strong upward trend due to political tensions in the Middle East.
On the 1-hour chart, we see that prices are still fluctuating near the Simple Moving Averages (SMA) and holding steady around the retreat level of 2,431-2,432 USD. However, there are signs indicating that prices are gradually adjusting and may transition to a...
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💥While the RSI oscillator indicates a...
The USD/JPY currency pair continues to exhibit remarkable strength, rising to the level of 154.00. On the 4-hour chart, the price of this pair remains robustly above the simple moving averages (SMA), a clear indication of the continuation of the upward trend. However, it's important to remember that markets are always in flux, and corrections are inevitable. A...
USD continues to maintain its advantage over JPY in the US trading session on Monday, pushing the USD/JPY currency pair higher. However, the RSI indicator on the 4-hour chart suggests that this currency pair is currently overbought, hinting at a potential downward correction in the near future. Nevertheless, this could also present an opportunity for investors, as...
The British pound (GBP) showed modest recovery against the US dollar in Monday's US trading session. However, short-term demand for the GBP/USD pair remains low due to escalating tensions in the Middle East and speculation that the Bank of England (BoE) will commence interest rate cuts earlier than the Federal Reserve.
The British pound experienced a strong...
Bitcoin (BTC) is currently experiencing a rather volatile period. Generally, the downward trend is still being maintained. However, it is noteworthy that the price of BTC is gradually adjusting and showing signs of resurgence.
Based on technical analysis, the 4-hour chart indicates that BTC may test the SMA 20 area in the near future. However, this does not...
USD/JPY surpassed the 154.00 level during Monday's U.S. trading session. On the 4-hour chart, technical indicators are strongly supportive of further price increases. However, the Relative Strength Index (RSI) suggests that the market is overbought, which could lead to a short-term price correction before resuming its upward trend. While this may temporarily...
GBP/USD has recently experienced a period of lackluster recovery and has dropped below the 1.2450 USD. Overall, the price of the GBP/USD currency pair is maintaining a downward trend due to lingering political tensions from the Middle East countries.
Technical indicators also support this downward trend, bolstering its strength. However, prices are gradually...
In the European trading session on Monday, the GBP/USD currency pair experienced a strong surge, pushing the price towards the 1.2500 level. This indicates that the US dollar has depreciated against the British pound.
On the 4-hour chart, the Relative Strength Index (RSI) has crossed above the 30 threshold, indicating that the GBP/USD is undergoing a corrective...
In the European trading session on Monday, the EUR/USD pair recorded stable and modestly higher trading, maintaining above the 1.0650 USD.
On the 4-hour chart, the RSI indicator is trading below the 30, indicating an oversold market and a strong downward trend. However, this is also a sign of a potential correction and upward recovery in the near future.
On...
The EUR/USD pair is showing strength with a recovery above 1.0650 during the European trading session on Monday. However, it cannot be denied that the pair is facing downward pressure as the European Central Bank (ECB) and the Federal Reserve (Fed) announce differing prospects for monetary policy.
Although the price continues to maintain a downtrend, this...
EUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair.
Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently...
EUR/USD surged to nearly 1.0650 in the Asian trading session on Monday, rebounding from a low of 1.0622 reached last Friday. The US Dollar (USD) appreciated as buying pressure on the currency intensified amidst political instability, contributing to downward pressure on the EUR/USD pair.
From a technical standpoint, the Relative Strength Index (RSI) remains below...
