Focus Currencies and Technical Analysis (4-hour Chart) – November 29, 2024
Focus Currencies and Technical Analysis (4-hour Chart) – November 29, 2024 EUR/USD: Buy EUR/USD is showing a mild upward trend, developing the uncertain “bullish” momentum formed earlier this week. It is currently testing the 1.0570 breakout. Investors are focusing on the Eurozone’s November inflation data scheduled for release today. The forecasts are as follows: Core […]
Key Currency Pairs and Technical Analysis (4-Hour Chart) – November 28, 2024
Key Currency Pairs and Technical Analysis (4-Hour Chart) – November 28, 2024 EUR/USD – Strong Buy EUR/USD showed a sharp rise the previous day and is now testing the 1.0555 level as it undergoes a correction. Investors are focusing on the EU’s November macroeconomic data to be released today. Germany’s Consumer Price Index (CPI): A […]
USDX: Decreased Uncertainty Regarding US Monetary Policy Next Steps
USDX: Decreased Uncertainty Regarding US Monetary Policy Next Steps The US Dollar Index (USDX) reached its year-to-date high of 108.00 before entering a corrective phase. This is largely due to the limited impact of the Federal Open Market Committee (FOMC) meeting minutes on the market. Key Points from the FOMC Minutes: Interest Rate Cut: A […]
Technical Analysis and Key Currency Focus (4-hour chart) – November 26, 2024
Technical Analysis and Key Currency Focus (4-hour chart) – November 26, 2024 EUR/USD: Consolidating around 1.0500 The EUR/USD pair has shown uncertain movement during the Asian session, hovering around the 1.0500 level. A bearish move was observed earlier this morning, but the pair has since recovered, returning to its opening levels. The market is focusing […]
Focus Currency and Technical Analysis (1-Hour Chart): November 21, 2024
Focus Currency and Technical Analysis (1-Hour Chart): November 21, 2024 EUR/USD: Sell Current Situation: Consolidating around 1.0550. Market is in stagnation due to mixed economic indicators. Key Factors: Germany’s Producer Price Index (PPI): YoY: -1.1% (Previous: -1.4%). As expected, suggests easing inflationary pressures. MoM: +0.2% (Previous: -0.5%). Improvement trend. US Economic Data: New jobless claims […]
Key Currency Pairs and Technical Analysis (1-Hour Chart) – November 20, 2024
EUR/USD: Sell The EUR/USD pair continues to trade near 1.0590 with mixed activity. While market activity is strong, investors remain uncertain about the trend direction following the corrective rise earlier in the week. European Data: October Core CPI: +0.2% MoM, +2.7% YoY (as expected). Broad CPI: +0.3% MoM, +2.0% YoY. In the U.S., October […]
Currency and Technical Analysis (1-Hour Chart) – November 18, 2024
Currency and Technical Analysis (1-Hour Chart) – November 18, 2024 USD/JPY: Strong Sell EUR/USD: Buy AUD/USD: Strong Sell NZD/USD: Sell GBP/USD: Sell XAU/USD: Strong Buy U.S. Market The U.S. dollar (USD) is trending weaker against the Euro (EUR), British pound (GBP), and Japanese yen (JPY). Federal Reserve Chairman Jerome Powell’s statements have been under close […]
Key Currencies and Technical Analysis (1-Hour Chart) – November 15, 2024
Key Currencies and Technical Analysis (1-Hour Chart) – November 15, 2024 USD/JPY – Strong Sell EUR/USD – Buy AUD/USD – Strong Sell NZD/USD – Strong Buy GBP/USD – Strong Buy XAU/USD – Strong Buy United States (USD) The U.S. dollar has strengthened against major currencies such as the euro (EUR), yen (JPY), and pound (GBP). […]
USD/JPY: Candlestick Analysis
USD/JPY: Candlestick Analysis USD/JPY, H4 (4-hour chart) On the 4-hour chart, the “Bull Counterattack Line” candlestick pattern appeared at 153.23, followed by a price reversal to the upside. Additionally, the “Three White Soldiers” trend continuation pattern formed in the range of 154.30–155.84, indicating strengthening bullish momentum. Going forward, the price is likely to rise toward […]
USD/JPY: Price Range Between 155.00 and 151.00
USD/JPY: Price Range Between 155.00 and 151.00 Current Trend Due to the strengthening of the U.S. dollar, the USD/JPY pair is currently in an uptrend, adjusting at 154.83. Despite Japan’s stable economic indicators, the inauguration of U.S. President-elect Donald Trump has led to a worsening international trade environment, limiting Japan’s shift towards a more hawkish […]