Chart of the Day – USD/JPY Under The Shadow of Hormuz and the BOJ?
The USDJPY pair continues to trade in a heightened uncertainty environment, where geopolitical factors, macroeconomic data, and growing expectations regarding...
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When are the German/ Eurozone flash HCOB PMIs for April and how could they affect EUR/USD?
German/ Eurozone flash PMIs Overview The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for April is due for...
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GBP/USD Tests nine-day EMA support after slipping below 1.3500
GBP/USD may rebound toward the two-month high of 1.3599. The 14-day Relative Strength Index near 56 indicates positive momentum without...
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AUD/USD Turns upside down as market sentiment turns risk-off
AUD/USD surrenders early gains and turns negative as investors turn risk-averse after Iranian attacks on three ships in Hormuz. Higher...
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AUD/JPY Softens below 114.00, but uptrend holds above 100-day EMA
AUD/JPY weakens to near 113.95 in Thursday’s early European session. The positive outlook of the cross remains intact above the...
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USD/CAD Price Forecast: Hovers near 1.3650 as RSI remains bearish
USD/CAD trades sideways as a bullish piercing pattern emerges on the chart. RSI remains bearish, suggesting downside pressure still dominates...
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Trade of The Day: EUR/USD
Key takeaways How does the technical situation on EURUSD looks like? Facts: EURUSD is trading in an upward move from...
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USD/JPY Price Flirts with 100-hour EMA support, above 159.00 amid softer USD
USD/JPY attracts some sellers and erodes a part of Tuesday’s gains to over a one-week top. The US-Iran ceasefire extension...
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EUR/JPY Remains above 187.00 as bullish bias prevails
EUR/JPY may find its initial resistance around the all-time high of 187.95. The 14-day Relative Strength Index near 63 suggests...
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EUR/USD retreats near 1.1750 with ZEW survey, US-Iran talks on focus
EUR/USD drifts to session lows near 1.1750 on Tuesday but maintains its upside bias intact. Investors remain cautious ahead of...
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