US yields at highs and so is the USDJPY
US yields are trading at fresh highs, with the 10-year yield up 7.0 basis points today to 4.395%. This marks…
Category: Technical Analysis
NZDUSD is testing swing lows from 2022 and 2023 . Can the floor be broken?
The NZDUSD is trading at a new 2024 low today, reaching 0.5753, positioning the price near the midpoint of key…
AUDUSD sellers remain in control but with a key floor area on the downside being tested
The AUDUSD remains under seller control, but a critical support zone between 0.6334 and 0.6363 is currently being tested. This…
USDCAD extends to a new 4+ year high. What discredits the bullish bias in the short term?
The USDCAD moved higher today, extending to a new 4+ year high of 1.4243, surpassing levels last seen in April…
What is moving? Technicals in play for the 3 major currency pairs to start the new day
UK GDP came in weaker than expected -0.1% for the month versus +0.1% estimate. Construction output, industrial production, manufacturing production…
Russell 2000 Technical Analysis – Inflation data doesn’t cooperate
Fundamental Overview The US CPI report on Wednesday came in line with expectations and sealed the 25 bps cut next…
Gold Technical Analysis – The focus has switched to the FOMC decision
Fundamental Overview Gold failed to extend the rally above the resistance zone around the 2723 level and pulled back as…
NZDUSD trades near lows for the day and the year.
The NZD/USD hit a new low for the year yesterday, bottoming at 0.57604, just within the key swing area between…
GBPUSD technical analysis: Key levels to watch for potential price movement
The buyers had their chances to push higher, but momentum failed to materialize. Over the past five trading days, the…
EURUSD follows the technical script
The EUR/USD is following a well-defined technical script after the ECB’s 25-basis-point rate cut. The pair initially dropped to a…