EURUSD Continues Downward Move amid Retail Sales News
Euro (EUR) slid down against the U.S. Dollar (USD) last week, decreasing the price of the EURUSD pair to less than 1.2100, ahead of the release of the European Retail Sales news. The technical bias, however, remains bullish in the long run because of a higher high on the weekly chart. Technical Analysis As of this […]
BoJ Rate Decision: How to Trade USDJPY?
The U.S. Dollar (USD) rose against the Japanese Yen (JPY) last week, increasing the price of the USDJPY pair to more than 103.00, ahead of the release of Japan’s interest rate decision. Technical Analysis As of this writing, the USDJPY pair consolidates around 103.84. The price is likely to face hurdle near the given below […]
Euro Plunges Sharply Ahead of US Inflation News
Euro (EUR) slid down against the U.S. Dollar (USD) last week, decreasing the price of the EURUSD pair to less than 1.2300 ahead of the release of the US Consumer Price Index (CPI) news. The technical bias remains bullish because the pair printed a higher high in the recent upside move. Technical Analysis As of […]
Loonie falls as bears take control ahead of US ISM Manufacturing PMI news
The US Dollar (USD) slid down against the Canadian Dollar (CAD) on Friday, for the third consecutive day, decreasing the price of USDCAD pair to less than 1.2800, ahead of the release of the US ISM Manufacturing PMI news. The technical bias remains bearish as the pair printed a lower high in the recent upside […]
USDJPY Continues Consolidation after US Q3 Growth Data
The US Dollar (USD) rose against the Japanese Yen (JPY) on Monday, increasing the price of the USDJPY pair to more than 103.00 following the release of the US Gross Domestic Product (GDP) news. The technical bias remains bearish since the USDJPY pair printed a lower low in the recent downside move. Technical Analysis As […]
GBP/USD rises after upbeat gdp news, poised for major bearish reversal
The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Wednesday, increasing the GBP/USD price to more than 1.3400, following the release of the UK Gross Domestic Product (GDP) news. The technical bias remains bullish as the pair printed a higher high in the recent upside move. Technical Analysis As of this […]