As of September 24, 2024, the USD/JPY currency pair is exhibiting a slow yet bearish trend. The pair has shown signs of weakness due to various market factors, particularly the ongoing pressure from Japan’s struggling manufacturing sector and weak...
This week, the USD/CAD trading trend seems to be following the bullish momentum observed last week. Despite previous declining market conditions, the pair could not break below the 1.3438 price zone, leading to a current upward trend. Analyzing last...
Technical Analysis of EUR/USD The euro tried to extend its gains last week but failed to break through key resistance and remained rangebound. The price initially reached around 1.1198 but retreated slightly and then began to retreat to its starting...
Technical Analysis of GBP/USD Last trading week, the pound continued to grow and set new local highs. The price moved above 1.3170 and found key support there, allowing it to extend its gains at 1.3292 and settle above that level after a reverse...
The euro is currently trying to rebound from yesterday's losses, trading near 1.1160 during Tuesday's Asian session. Yet, recent Eurozone economic data suggests that any potential gains may be short-lived. The expectation of a European Central Bank...