Technical analysis of EURUSD Today I choose EUR/USD for technical analysis. The EUR/USD market is bearish, helping the price break the dawn trendline and selling momentum. The market price follows the trend line and repeatedly touches the trend line...
The Japanese Yen attracts some buyers after a stronger-than-expected Japan’s National CPI. A weaker risk tone and retreating US bond yields also lend support to the lower-yielding JPY. The Fed’s hawkish shift favors the USD and should act as a...
The EUR/JPY currency pair has exhibited a choppy trading pattern in recent days, hovering around the 161.20 mark during Asian trading hours on Thursday. This cross-currency pair, which reflects the exchange rate between the Euro and the Japanese...
The chart reveals a dominant bearish trend, characterized by consistent lower highs and lower lows. The sharp downward movement below the 1.0450 level confirms the presence of strong selling pressure. The price is currently trading around 1.0394...
The AUD/USD currency pair experienced a brief respite from its downward trend on Friday, bouncing slightly from the 0.6215 level. However, the overall sentiment remains bearish, with the pair trading near its lowest levels since October 2022. The...
