The currency pair in question is currently experiencing a corrective phase, trading below the monthly pivot level of 1.3624 and near the weekly pivot of 1.3584. This setup indicates a lack of upward momentum, as traders may be hesitant to push...
**AUD/USD Weekly Outlook: Technical Analysis and Market Trends** As the new week begins, the AUD/USD pair presents a notable technical scenario on the daily chart. The price has established a position above the key horizontal resistance level at...
The euro-yen (EUR/JPY) exchange rate continued its upward trajectory, reaching the 160.70 level during early European trading on Tuesday. This surge was primarily driven by dovish comments from incoming Japanese Prime Minister Shigeru Ishiba, which...
Fundamental Analysis The Bank of Japan's (BoJ) Summary of Opinions from September's Monetary Policy Meeting was released. Coupled with a range of economic data, the Japanese Yen (JPY) lost ground for the second day in a row. The summary emphasizes...
AUD/USD TECHNICAL ANALYSIS: On the AUD/USD H1 time frame. Today, we will delve into the price action analysis of the AUD/USD currency pair on the H1 (hourly) time frame, focusing on its recent performance and market behavior. Over the past week, the...