Technical analysis of the EURJPY pair The technical analysis of the pair on the 4-hour chart shows the formation of a price peak and the possibility of a decline for correction. This week, the price started trading within the descending price...
The main events by the morning: February 13 The UK economy grew by 0.1% in the fourth quarter. This exceeded forecasts for a 0.1% reduction. Growth was zero in the third quarter. The Bank of England lowered its base rate to 4.5% amid weak growth and...
The USD/CAD pair has dipped below the critical 1.4300 level during Thursday’s European session, as the US Dollar (USD) struggles against its major counterparts amid a risk-on market environment. The US Dollar Index (DXY), which measures the...
The NZD/USD currency pair is showing increasing signs of bearish momentum, with technical indicators aligning to suggest a probable decline of 20–30 pips in the near term. The pivot point at 0.5661 acts as a key inflection zone, where a temporary...
EURGBP Daily Time Chart Analysis The EURGBP currency pair recovered to the 0.8290 support level. Both currencies trade between their 20-day and 50-day simple moving averages (SMAs). This situation represents neutrality in the short term. However,...
