The USD/CHF pair has declined to approximately 0.7905 during the early European session on Friday. Further consolidation is a possibility as the pair continues to be constrained beneath the Bollinger Bands’ 20-day SMA, accompanied by a neutral RSI. The immediate resistance level is identified at 0.7930, while the initial support level is observed at 0.7895. … Read more
USD/JPY maintains its upward trend on Wednesday, climbing to 158.78 after a week that began with significant volatility. The recent alleviation of pressure on the yen can be attributed to a decline in oil prices and the anticipation of a possible resolution to the Middle East conflict, a situation that holds particular importance for Japan’s … Read more
The USD/JPY pair is experiencing a decline, approaching the 159.70 mark during the Asian trading session on Thursday. The BoJ is anticipated to maintain its benchmark rate at the current level on Thursday. The Federal Reserve opted to maintain its overnight lending rate at its March meeting on Wednesday. The USD/JPY pair is currently positioned … Read more
The USD/CHF pair continues to experience downward movement, trading in negative territory for the third consecutive day at approximately 0.7960 during the early European trading hours on Tuesday. The Swiss Franc appreciates against the US Dollar as President Donald Trump’s tariff threats generate increased demand for safe-haven assets. USD/CHF declines to approximately 0.7960 during the … Read more
EUR/USD moves upward on Monday, increasing by over 0.40% as traders move away from the US Dollar due to a decline in risk appetite. This shift follows Trump’s decision to intensify the US-European Union trade conflict, influenced by the White House’s interests in Greenland. The pair is currently trading at 1.1642, having recovered from daily … Read more
GBP/USD has breached the December uptrend after faltering just before resistance, indicating a significant change in the near-term framework. The pullback extended nearly 1.3% from the highs before rebounding, with the weekly opening range now established just above the 200-day moving average—breakout pending. Resistance levels are identified at 1.3474, 1.3500/02, and 1.3528, while support is … Read more
GBP/USD shows strength, reaching approximately 1.3470 during the early European session on Tuesday. Renewed concerns regarding the Fed’s independence are putting pressure on the US Dollar in comparison to the Cable. Market participants are looking forward to the release of the US December CPI inflation data on Tuesday for new momentum. The GBP/USD pair moves … Read more