The USD/CHF pair rebounded from its recent losses, gaining over 0.36% and trading at 0.9048 at the time of writing. This recovery comes after the pair found solid support near the 50-day Simple Moving Average (SMA) at 0.8998, forming a “tweezers...
THE CURRENCY PAIR CAD-JPY Hello everyone! Let's look at the CADJPY chart on the H1 timeframe. Here we see that after sharp price jumps on Monday, on Tuesday the pair drew a divergence on the chart along fractal peaks in the overbought zone and then...
The EUR/USD currency pair experienced a volatile trading session on Thursday, fluctuating between lower levels and ultimately stabilizing around the 1.0400 mark. European retail sales data, while meeting expectations, failed to ignite significant...
Market participants are widely anticipating a 25-basis-point rate cut by the Federal Reserve (Fed) at its upcoming meeting, with traders currently pricing in an 86% probability of this move. Ahead of the decision, all eyes are on the U.S. Consumer...
The GBP/USD currency pair experienced a volatile trading session on Thursday, breaking through key technical resistance levels at major moving averages before ultimately falling below the 1.2400 support level. The Bank of England's (BoE) decision to...
