NZD/JPY remains stable at 97.60, as the pair starts consolidating. The 20-day SMA at 96.30 offers considerable support against a potential correction. Despite the consolidation phase, the...
EUR/GBP gains ground as the BoE dovish pause increased expectations for a rate cut in August. The Euro could struggle due to uncertainties surrounding the outcome...
The cross continued its upward journey, reaching new cycle highs above 97.50, levels not seen since July 2007. The daily chart shows intense bullish sentiment, with...
Kiwi sees further consolidation against the Yen, maintaining support at the 20-day SMA after reaching the highest level since June 2007 on Thursday. Daily chart indicators...
The AUD/JPY pair witnesses further descent, as the ongoing profit-taking causes it to approach the reinforced 20-day SMA support. Should the bulls manage to establish robust...
EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses...
The daily RSI records a balanced reading at 50, while the MACD bears a bearish crossover. The pair stabilize near the 20-day SMA, with buyers trying...
Daily chart indicators reveal a neutral period for the pair; RSI stands at 49, showcasing no strong directional bias. Signs of a bearish takeover are emerging,...
Kiwi’s grip loosens against the Yen on Friday, moving towards the 20-day SMA. The cross cruises through a consolidation phase while the stance of the bear...
AUD/JPY extends gains as Australia’s Trade Surplus widens amid lower imports. Australia’s Trade Balance rose to A$ 6,548 million MoM in May, surpassing the expected A$...
The daily RSI increase denotes a slight uptick in momentum. Signs of bullish fatigue emerge after renewed gains, reinforcing the ongoing consolidation outlook. The pair currently...
On Monday, the AUD/NZD dipped below key technical levels, with the 100 and 200-day SMAs breached. Current focus is on GDP data from Australia, expected to...
EUR/GBP appreciates as Eurozone Manufacturing PMI increased to 47.3 in May, the highest reading since March 2023. ECB is expected to deliver a 25-basis point rate...
Daily chart indicators suggest a positive incline; RSI climbs up. Hourly chart indicators flatten out in positive territory, indicating consolidation after recent gains. The pair is...
The daily RSI is pointing upwards, hovering around 70, but continuing red bars in the MACD show a trailing consolidation. On the hourly chart, indicators are...
EUR/GBP rose sharply on Friday at 0.8531, notching a 0.26% gain. Inflation data from the Eurozone, both headline and core HICP, exceeded the forecasts. A cut...
EUR/JPY extends the decline near 169.78 in Friday’s early European session. The German Retail Sales came in weaker than expected, dropping 1.2% MoM in April from...
AUD/JPY lost ground as Adachi highlighted the need to reduce bond-buying in stages. The risk aversion sentiment contributed to the downside of the Australian Dollar. Australia’s...
The daily chart flashes overbought signals but the overall trend favors the bulls. Post achieving multi-year highs over 96.70, NZD/JPY shows a possibility for a healthy...
The pair rose to highs since 2007 at 199.90. The daily RSI indicates an overextended buying momentum, suggesting a pending technical correction. The hourly indicators have...