EUR/NZD’s current technical setup suggests that the market is at a crossroads, with a pivotal level at 1.8334 determining the next phase of price action. The RSI, positioned above 50, indicates that there is still underlying buying interest despite...
The technical outlook for GBP/USD at present is decidedly bearish, with multiple indicators converging to suggest that further declines are on the horizon. At the heart of this setup lies the pivot point at 1.2439, which currently acts as a robust...
GBP/JPY’s technical environment is presently conducive to an upward rebound, as long as the support level at 191.71 remains intact. The RSI being above 50 confirms that buying pressure still exists, and even though the MACD is positive, its...
GBP-USD As of February 2, 2025, the GBP/USD pair is experiencing notable volatility influenced by recent economic developments. Technical Analysis: The pair recently rebounded from a low of 1.21, breaking above a descending channel and encountering...
The Japanese yen experienced selling pressure on Friday, halting a two-day streak of gains against the US dollar. Several factors contributed to the yen's weakness. Bank of Japan Governor Kazuo Ueda's comments on Friday, stating that core inflation...
