Trump's familiar rhetoric on trade tariffs has led to renewed concern for Japanese exporters, particularly at a time when Japan's economic stability relies heavily on external support to maintain growth momentum. These concerns, coupled with increased risk aversion, have weakened the yen against the U.S. dollar. As a result, USD/JPY managed to erase losses from...
Technical Analysis
On the 4-hour timeframe, the EUR/USD pair has approached a significant support level at the base of its long-term ascending trendline, rekindling buying interest.
The recent breakout above the Ichimoku Kumo cloud signals an emerging bullish bias, which has encouraged further buying activity. The pair is currently testing the 23.6% Fibonacci...
Technical Analysis
On the 4-hour chart, the Nasdaq-100 is flexing its muscles, maintaining bullish momentum and hitting its initial target at 20,625.79. This breakout underscores a strong trend, showing the market's appetite for pushing higher. The index is trading above both its short-term (20,348.36) and long-term (20,439.23) moving averages—a solid uptrend...
Technical Analysis
In the 1-hour timeframe, the USD/JPY pair shows bullish momentum as the dollar continues to strengthen against the yen. The breakout above the triangle pattern at 153.133 signals renewed buyer interest and increased upward pressure, pushing the pair towards its recent high of 153.370. A decisive break above this level would further open the...
Technical Analysis
In the 4-hour timeframe, USD/CHF maintains a primary bullish trend that began on September 30. After a brief pause last week, buyers resumed their push higher, breaking the resistance at 0.86634. The price subsequently cleared additional resistance levels at 0.86685 and 0.86750, reinforcing the upward movement. Immediate targets for the pair...
Technical Analysis
The USD/CAD pair remains in bullish territory, with buyers pushing the price higher amid a supportive backdrop of falling oil prices and expectations of a dovish BoC. A decisive move above 1.38190 could pave the way for further gains, while a break below 1.37970 would signal a shift in momentum. Market participants should stay alert to upcoming...
