Anyone who has walked the streets of rural England over the past two years would be led to believe that there is no end to the continual economic doom and gloom.
Very concerned residents, combined with news headlines focusing on recessions, cost of living crises, virulent inflation and a noticeable downturn in standards of living would have likely been very...
EUR/JPY is rising and might rally further if it clears the 144.20 resistance zone.
Important Takeaways for EUR/JPY
· EUR/JPY started a steady increase after it found support near the 141.50.
· There is a major rising channel forming with support near 143.50 on the hourly chart.
EUR/JPY Technical Analysis
The Euro formed a base above the 141.50 support...
EUR/USD is struggling below the 1.0700 resistance zone.
Important Takeaways for EUR/USD
· The Euro started a fresh decline below the 1.0700 support zone.
· There is a key bearish trend line forming with resistance near 1.0670 on the hourly chart.
EUR/USD Technical Analysis
The Euro struggled to clear the 1.0800 zone and started a fresh decline against...
GBP/JPY could rise further unless there is a downside break below the 160.50 support.
Important Takeaways for GBP/JPY
· GBP/JPY started a fresh increase above the 160.00 resistance zone.
· There was a break above a key bearish trend line with resistance near 161.10 on the hourly chart.
GBP/JPY Technical Analysis
The British Pound started a fresh increase...
GBP/USD is attempting a recovery wave above the 1.2000 resistance.
Important Takeaways for GBP/USD
· The British Pound is slowly moving higher above 1.2000 against the US Dollar.
· There was a break above a key bearish trend line with resistance near 1.1970 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
This past week, the British Pound extended...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
NZD/USD is also declining and might accelerate lower below the 0.6220 support.
Important Takeaways for NZD/USD
· NZD/USD also started a fresh decline below the 0.6285 support zone.
· There is a major bearish trend line forming with resistance near 0.6260 on the hourly chart of NZD/USD.
NZD/USD Technical Analysis
The New Zealand Dollar also followed a...
AUD/USD is moving lower below the 0.6880 support zone.
Important Takeaways for AUD/USD
· The Aussie Dollar started a fresh decline from the 0.7000 resistance against the US Dollar.
· There is a key bearish trend line forming with resistance near 0.6880 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
The Aussie Dollar struggled to clear the key...
USD/CHF is rising and might aim a clear move above the 0.9240 resistance zone.
Important Takeaways for USD/CHF
· USD/CHF started a fresh increase above the 0.9200 resistance zone.
· There is a major bearish trend line forming with resistance near 0.9240 on the hourly chart.
USD/CHF Technical Analysis
The US Dollar started a fresh increase from the 0.9140...
EUR/USD is facing a strong resistance near the 1.0800 zone.
Important Takeaways for EUR/USD
· The Euro started a fresh decline from the 1.0800 resistance against the US Dollar.
· There is a key bearish trend line forming with resistance near 1.0750 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
After testing the 1.0650 support zone, the Euro...
The once-lacking volatility among major currencies is back again, and this time it is the remarkably steady US Dollar which is creating a gulf between itself and some of its peers on the other side of the Atlantic.
This morning, the US Dollar rose in value against the Euro and British Pound so significantly that it plunged the Euro and British Pound to sudden...
USD/CAD traded below the 1.3400 support, which might now act as a resistance.
Important Takeaways for USD/CAD
· USD/CAD is struggling below the 1.3420 and 1.3400 support levels.
· There was a break below a connecting bullish trend line with support near 1.3380 on the hourly chart.
USD/CAD Technical Analysis
The US Dollar attempted an upside break above...
GBP/USD is showing bearish signs below the 1.2150 resistance.
Important Takeaways for GBP/USD
· The British Pound started a fresh decline from the 1.2200 resistance zone.
· There is a key bearish trend line forming with resistance near 1.2065 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
The British Pound started a fresh decline from well...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
Crude oil price is facing a strong resistance near the $79 zone and might correct lower.
Important Takeaways for Oil
· Crude oil price started a fresh increase from the $72.50 support zone.
· There is a connecting trend line forming with resistance near $79.10 on the hourly chart of XTI/USD.
Oil Price Technical Analysis
Crude oil price also started a fresh...
Gold price is moving lower and trading below $1,880.
Important Takeaways for Gold
· Gold price started a strong decline below the $1,900 level against the US Dollar.
· It traded below a key rising channel with support near $1,872 on the hourly chart of gold.
Gold Price Technical Analysis
Gold price struggled to stay above the $1,950 level against the US...
USD/JPY is rising and might aim more upsides if it stays above the 130.20 support.
Important Takeaways for USD/JPY
· USD/JPY is attempting a fresh increase above the 131.00 support zone.
· There was a break above a major contracting triangle with resistance near 130.00 on the hourly chart.
USD/JPY Technical Analysis
The US Dollar started a fresh increase...
EUR/USD is correcting lower and trading below 1.0800.
Important Takeaways for EUR/USD
· The Euro started a downside correction from the 1.1035 resistance zone.
· There is a key bearish trend line forming with resistance near 1.0750 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
This past week, the Euro gained pace above the 1.0950 resistance...
