Technical Analysis

Chart of The Day – EUR/USD

EURUSD reapproaches key resistance near 1.16 despite speculated options market correction and higher U.S. interest rates. However, the European Central Bank…

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EUR/JPY, Key upside barrier emerges near 166.50

EUR/JPY strengthens to near 166.50 in Monday’s early European session.  The positive view of the pair prevails above the key…

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XAU/USD retreats from nearly two-week top; downside seems cushioned ahead of FOMC meeting

Gold price struggles to capitalize on the Asian session uptick to a two-month high. A positive risk tone undermines the…

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GBP/USD Price Treads water above 1.3550, nine-day EMA

GBP/USD may test the 1.3632, the fresh highest since February 2022. The 14-day Relative Strength Index remains above 50, suggesting…

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EUR/USD Ascending channel favors bulls ahead of the key central bank event risk

EUR/USD kicks off the new week on a softer note amid a modest USD uptick. The lack of follow-through selling…

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AUD steadies following mixed economic data from China

The Australian Dollar declines due to risk aversion amid escalating Israel-Iran tensions. China’s Retail Sales climbed 6.4% YoY in May,…

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JPY remains on the back foot ahead of the crucial BoJ policy meeting

The Japanese Yen kicks off the new week on a weaker note, though the downside seems limited. Rising geopolitical tensions…

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ETH maintains downtrend despite SharpLink’s $463 million purchase

SharpLink announced it purchased 176,270.69 ETH for a total of $462.9 million. The company has become the largest public company…

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GBP/USD plunges as Israel-Iran conflict rattles markets, boosts US Dollar

GBP/USD drops over 0.40%, pressured by weak UK data and BoE-Fed policy divergence, which favors the Dollar’s strength. Israel strikes…

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USD/CAD breaks 1.3600 as US Dollar weakness returns

The USD/CAD pair has fallen below 1.3600, which is now providing resistance. Israel’s attack on Iran fails to support a…

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