Category: Technical Analysis

Focus Currencies and Technical Analysis (1-Hour Chart) August 27, 2024

Focus Currencies and Technical Analysis (1-Hour Chart) August 27, 2024 EUR/USD – Strong Sell The EUR/USD pair started weakly at the beginning of the week but has recovered slightly, attempting to break higher around 1.1165. Germany’s GDP data showed a 0.3% annual increase but a 0.1% quarterly decrease. The IFO Business Climate Index also slightly […]

NZD/USD (New Zealand Dollar/US Dollar) – Strong Buy: Focused Currency Pairs and Technical Analysis (15-Minute Chart) for August 23, 2024

NZD/USD (New Zealand Dollar/US Dollar) – Strong Buy: Focused Currency Pairs and Technical Analysis (15-Minute Chart) for August 23, 2024 EUR/USD (Euro/US Dollar) – Sell The Euro has shown growth near 1.1130 after a correction from its late July highs. Investors are awaiting comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium. […]

AUD/USD (Australian Dollar/US Dollar) – Current Trend

AUD/USD (Australian Dollar/US Dollar) – Current Trend Since the beginning of August, the AUD/USD pair has been actively rising, currently trading around 0.6730. This movement is primarily driven by the divergence in monetary policies between the Federal Reserve (FRB) and the Reserve Bank of Australia (RBA). Investors anticipate that the FRB is likely to cut […]

USD/JPY: Investor Sentiment Following BOJ Deputy Governor’s Remarks

Current Trend The USD/JPY pair is showing a slight decline, currently trading at 146.18, retreating from the local high of 148.25 reached on August 2. The US dollar is attempting to regain its lost position amid a wave of selling due to increased risks of reduced borrowing costs in the US. The labor market report […]