Blog Post: The AUD/USD Pair and Market Trends What’s Going on? The AUD/USD pair has recently faced strong resistance near the 0.6750 mark, following a slightly hesitant pullback during the late European trading session. The Aussie currency’s attempt at recovery has started to fizzle out as investors adopt a more cautious approach. This shift in…
GBP/JPY Cross Tumbles to Start the Week Oh no, the GBP/JPY cross is not having a good day! It seems like the new week is already off to a rough start for the GBP/JPY cross, as it reverses a part of Friday’s positive move and heads back down. The pair had hit a nearly two-week…
USD/INR grinds higher past 82.00: A Funny and Quirky Look at the Market Getting Defensive at 82.05 It’s a Monday morning, and the USD/INR pair is grinding higher past 82.00, reaching 82.05. It seems like the Indian Rupee (INR) is feeling mostly defensive today, as it consolidates the previous two-week downtrend. The market is in…
GBP/USD remains under pressure at 1.2850 What happened? GBP/USD is struggling to gain ground above the 1.2850 level after a sharp decline at the start of the week. The pair is currently trading between the 100 and 200 Exponential Moving Average (EMA), with oscillators signaling bearish momentum. Traders are now waiting for the release of…
My Rollercoaster of Emotions with Yen and Dollar Let’s Talk Numbers So, the yen dropped against the dollar on Friday. It was like watching a tennis match, my head moving back and forth as I tried to keep up with the numbers. 139.74? 141.95? It felt like I was living in a math maze, trying…
NZD/USD Dives Below 0.6200 Figure Overview The NZD/USD pair has experienced a sharp decline, falling below the key level of 0.6200. This downward movement is attributed to the pair extending its losses past the 200-day Exponential Moving Average of 0.6226. The current exchange rate stands at 0.6175, following a drop from a daily high of…
USD/CHF Back-and-Forth Moves European Session Update The USD/CHF pair is currently showing back-and-forth movements around the 0.8660 level in the European trading session. The Swiss Franc asset has been navigating through the market woods following a sharp rally near 0.8680. This sideways movement comes as investors eagerly await the upcoming interest rate decision by the…
EUR/CAD Technical Setup: An Impending Depreciation? What’s Happening with EUR/CAD? The EUR/CAD pair is currently displaying a compelling technical setup. With a 78.6% retracement and lower highs, combined with pivot point resistance, there is triple confirmation of an impending depreciation of the Euro against the Canadian Dollar. Challenges for the European Central Bank The European…
