The euro faces headwinds due to sluggish economic growth and rising joblessness across the Eurozone, while Switzerland's stable conditions position the franc as a strong safe-haven currency. This disparity supports ongoing downward pressure on EUR/CHF, with the Swiss franc gaining strength in light of broader market uncertainties.
Technical Weakness in EUR/CHF...
Technical Analysis
On the daily chart, EUR/CAD continues its downward movement after breaking out of a mild descending channel. Sellers have driven the price to the one-week low of 1.47112, reinforcing the current bearish sentiment. If sellers succeed in breaking through this key level, further downside targets are likely, with immediate supports at 1.46626,...
Market Overview
On Monday, November 18, USD/JPY continues its upward climb as the dollar is strengthening against the yen. This move reflects a mixed market reaction to comments from Bank of Japan (BoJ) Governor Ueda. While Ueda hinted at potential tightening, his hesitation to commit to a specific timeline left traders uncertain. This hesitation limited the...
GBP/CAD is emerging a double top pattern on the daily chart following an uptrend, signaling a potential trend reversal due to waning bullish momentum. Currently, the price is descending towards the 161.8% Fibonacci level at 1.76824, which coincides with the neckline of the double top pattern and serves as a critical support area. The break of this level is...
Technical Analysis
On the 4-hour chart, AUD/USD has maintained its downward trajectory, decisively breaking below the weekly support level at 0.65579. This break has paved the way for further declines, with the next immediate support target at 0.65470. Should bearish control persist, the subsequent downside objectives are at 0.65331, 0.65178, and 0.65012. Each...
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...
Technical Analysis
The EUR/JPY pair is trading within a triangle pattern on the hourly chart, with sellers currently pushing the price lower after a reversal from the upper boundary of the triangle. At present, the price has reached the first significant support level at 162.889. If the sellers succeed in breaking below this level, further downside targets are...
Technical Analysis
In the hourly chart, silver ERRANTE:XAGUSD has shown bullish momentum, managing to fill the opening gap during the European session and breaking above the key resistance at $31.298. The bounce from $30.893 reflects solid support at this level, highlighting a firm foundation for further upside movement.
If the current upward trend continues,...
In the daily time frame, ERRANTE:NZDUSD has entered a corrective phase following a significant uptrend that began in mid-July. After climbing steadily, the pair is now showing signs of weakness, as sellers attempt to capitalize on the recent reversal.
The ERRANTE:NZDUSD pair is facing strong selling pressure as the US dollar gains strength, with sellers...
Market Overview
CHF/JPY is facing downward pressure as demand for the Japanese yen rises, coupled with the Swiss National Bank’s decision to cut interest rates to 1%. The Swiss franc has lost some of its allure as a safe-haven currency, while the yen is gaining traction due to increased risk aversion in the market.
Technical Analysis
CHF/JPY has reached a key...
Following another rate cut from SNB, the four-month downtrend in ERRANTE:CADCHF CAD/CHF appears to be undergoing a corrective rebound, supported by these fundamental shifts.
Technical Outlook
ERRANTE:CADCHF CAD/CHF is poised for further upside if buyers can successfully break above 0.62997, with potential targets at 0.63444 and 0.63664. However, failure to...
ERRANTE:XPDUSD Palladium remains under heavy selling pressure following the break of a key uptrend, with market participants increasingly cautious due to oversupply and weaker demand from critical industries.
Technical Outlook
While the technical setup points to further downside potential, a clear break below 1027.29 would confirm this bearish view. Should...
Market Overview
The ERRANTE:AUDJPY pair is currently positioned for a continued upward movement, fueled by optimism over China's economic recovery and broader risk appetite in global markets. Technical indicators support the bullish outlook, but buyers will need to clear key resistance levels to sustain the rally. Meanwhile, upcoming inflation data from...
