Currency Analysis and Technical Outlook (1-Hour Chart) – September 18, 2024
Currency Analysis and Technical Outlook (1-Hour Chart) – September 18, 2024 USD/JPY: Strong Sell The USD/JPY pair is attempting to break below 141.35, facing pressure on dollar positions ahead of the Federal Reserve meeting results. Recently, the likelihood of a 50 basis point rate cut has rapidly increased, reaching 67.0% according to the CME FedWatch […]
Currency Analysis and Technical Outlook (1-Hour Chart) – September 17, 2024
Currency Analysis and Technical Outlook (1-Hour Chart) – September 17, 2024 USD/JPY: Strong Sell The USD/JPY pair has slightly risen after breaking the July low of 139.57. Expectations for a 50 basis point rate cut in the U.S. have increased, with the CME Group’s FedWatch Tool indicating a probability of around 60%. Japan’s Tertiary Industry […]
Currency Analysis and Technical Outlook (1-Hour Chart) – September 13, 2024
Currency Analysis and Technical Outlook (1-Hour Chart) – September 13, 2024 USD/JPY: Strong Sell The USD/JPY pair is declining around 141.00, indicating a bearish trend. Japanese industrial production increased by 3.1% in July, supporting the yen. However, market focus is shifting to next week’s Federal Reserve (Fed) meeting, where a 25 basis point rate cut […]
USD/JPY: Triangle Pattern Developing, Downward Correction Underway
USD/JPY: Triangle Pattern Developing, Downward Correction Underway Current Trend The USD/JPY pair is undergoing a corrective decline at 142.37. Supported by macroeconomic statistics, the yen is regaining strength. In July, total wages increased by 3.6%, exceeding the forecast of 3.0%, but overtime pay decreased from 0.90% to -0.10%. The positive wage movement is one of […]
USD/JPY – Strong Selling (1-Hour Chart Analysis, September 5, 2024)
USD/JPY – Strong Selling (1-Hour Chart Analysis, September 5, 2024) EUR/USD – Strong Buy The EUR/USD pair is showing unclear trading near 1.1075, following a significant rise the previous day. Eurozone macroeconomic data has been mixed. Germany’s Services PMI decreased to 51.2, and the Eurozone Services PMI dropped from 53.3 to 52.9, while the Manufacturing […]
USD/JPY – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) September 4, 2024
USD/JPY – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) September 4, 2024 EUR/USD – Strong Sell The EUR/USD pair is attempting to recover around the 1.1050 level, rising from the local low on August 19. Attention is focused on today’s release of the Eurozone Producer Price Index (PPI), which is expected to […]
EUR/USD – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) September 3, 2024
EUR/USD – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) September 3, 2024 EUR/USD – Strong Sell The EUR/USD pair is attempting to decline around the 1.0555 level. The “bearish” sentiment has negated the previous day’s attempt by the euro to gain support from Eurozone macroeconomic statistics. Germany’s S&P Global Manufacturing PMI rose […]
USD/JPY – Strong Buy – Focus Currencies and Technical Analysis (1-Hour Chart) September 2, 2024
USD/JPY – Strong Buy – Focus Currencies and Technical Analysis (1-Hour Chart) September 2, 2024 EUR/USD – Sell The EUR/USD pair has seen slight growth around 1.1050, correcting from the local low of August 19. With the U.S. market closed for Labor Day, technical factors are supporting a “bullish” stance. Last Friday’s inflation data showed […]
EUR/USD – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) August 30, 2024
EUR/USD – Strong Sell – Focus Currencies and Technical Analysis (1-Hour Chart) August 30, 2024 EUR/USD – Strong Sell The EUR/USD pair is showing mixed movements around 1.0730 and is poised to end the week with a slight decline. The previous day, Germany’s inflation statistics came in below expectations, with the Consumer Price Index (CPI) […]
Focus Currencies and Technical Analysis (1-Hour Chart) August 28, 2024
Focus Currencies and Technical Analysis (1-Hour Chart) August 28, 2024 EUR/USD – Strong Sell The EUR/USD pair is slightly declining around 1.1150, with restrained trading. Germany’s GDP data showed a 0.3% annual increase and a 0.1% quarterly decrease, supporting the European Central Bank’s (ECB) continued monetary easing. Consumer confidence also deteriorated, with the September Gfk […]