GBP/USD started a fresh increase above the 1.2400 resistance zone.
Important Takeaways for GBP/USD and EUR/GBP
The British Pound started a fresh increase above the 1.2400 barrier against the US Dollar.
There was a break above a key bearish trendline with resistance near 1.2410 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
This past week,...
The USDJPY yesterday reached its highs of several weeks.
This was facilitated by:
→ a statement by the new head of the Bank of Japan, Kazuo Ueda, who made it clear that there is no need to rush to curtail the stimulus policy;
→ Friday's US employment report, which strengthened expectations of the Fed's interest rate hike in May. Unemployment fell to 3.5%,...
EUR/JPY is rising and might rally further if it clears the 145.40 resistance zone.
Important Takeaways for EUR/JPY
EUR/JPY started a steady increase after it found support near 142.50.
There is a major bullish trend line forming with support near 144.20 on the hourly chart.
EUR/JPY Technical Analysis
On the hourly chart of EUR/JPY, the Euro formed...
EUR/USD is consolidating above the key 1.0880 support zone.
Important Takeaways for EUR/USD
The Euro started a downside correction from the 1.0970 zone.
There is a key bearish trend line forming with resistance near 1.0910 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD, the Euro remained well-bid above the...
GBP/JPY is rising and might aim for more upsides above the 164.00 resistance.
Important Takeaways for GBP/JPY
GBP/JPY is slowly moving higher from the 163.00 zone.
There is a key rising channel forming with support near 163.75 on the hourly chart.
GBP/JPY Technical Analysis
The British Pound started a fresh decline from the 166.40 zone against the...
GBP/USD started a downside correction from the 1.2520 resistance zone.
Important Takeaways for GBP/USD
The British Pound failed to break above the 1.2520 resistance and corrected lower against the US Dollar.
There is a key bearish trend line forming with resistance near 1.2460 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
This past...
Japan's economy has been regarded ever since the 1960s as an absolute lesson in socio-economic advancement to the extent that the entire world views Japanese products, cuisine, intellect and culture among the most enviable globally.
One particular Japanese motor manufacturer has used the slogan "The relentless pursuit of perfection" in its marketing to Western...
ANZ Bank does away with cash; Australian Dollar responds with volatility
There are those who look forward to the day when the entire society in which they live goes completely cashless, and there are those who regard such a possibility with absolute dread.
Many nations with developed and advanced financial markets ecosystems are now heading toward the next stage...
GBP/JPY could rise further if there is a clear move above the 165.70 resistance.
Important Takeaways for GBP/JPY
· GBP/JPY is showing a lot of bullish signs above the 162.50 support.
· There was a break above a key contracting triangle with resistance near 162.65 on the daily chart.
GBP/JPY Technical Analysis
The British Pound started a fresh increase...
GBP/USD climbed higher above the 1.2200 resistance zone.
Important Takeaways for GBP/USD
· The British Pound is moving higher above 1.2300 against the US Dollar.
· There was a break above a major bearish trend line with resistance near 1.2180 on the daily chart of GBP/USD.
GBP/USD Technical Analysis
This past week, the British Pound formed a base above...
Watch FXOpen's March 27 - 31 Weekly Market Wrap Video
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
NZD/USD is rising and might aim a move above the 0.6300 resistance.
Important Takeaways for NZD/USD
· NZD/USD started a decent increase above the 0.6250 resistance zone.
· There was a clear move above a key bearish trend line with resistance near 0.6265 on the hourly chart of NZD/USD.
NZD/USD Technical Analysis
The New Zealand Dollar started a decent...
AUD/USD started a fresh increase above the 0.6700 resistance zone.
Important Takeaways for AUD/USD
· The Aussie Dollar started a fresh increase above the 0.6700 resistance against the US Dollar.
· There was a break above a major bearish trend line with resistance near 0.6692 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
The Aussie Dollar...
USD/CHF is rising and might aim more gains above the 0.9220 resistance.
Important Takeaways for USD/CHF
· USD/CHF started a fresh increase above the 0.9150 resistance zone.
· There was a break above a major bearish trend line with resistance near 0.9175 on the hourly chart.
USD/CHF Technical Analysis
The US Dollar started a fresh increase from the 0.9135...
EUR/USD started a major increase above the 1.0800 resistance.
Important Takeaways for EUR/USD
· The Euro started a fresh increase from the 1.0720 support against the US Dollar.
· There is a key rising channel forming with support near 1.0830 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
After a steady decline, the Euro found support near the...
Volatility within the British Pound has been a considerable point of interest recently, especially since the Pound bounced back during the early part of this quarter from a sustained period of decline against the Euro and US Dollar which took place for several months, beginning late last year.
Today, the British Pound is trading at the higher end of the 1.23...
GBP/USD is showing positive signs above the 1.2200 support.
Important Takeaways for GBP/USD
· The British Pound started a downside correction from the 1.2340 resistance zone.
· There was a break below a key bullish trend lien with support near 1.2280 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
The British Pound started a fresh decline from...
USD/CAD corrected gains and now trading near a key support at 1.3720.
Important Takeaways for USD/CAD
· USD/CAD is correcting gains from the 1.3800 resistance zone.
· There was a break above a major bearish trend line with resistance near 1.3730 on the hourly chart.
USD/CAD Technical Analysis
The US Dollar gained pace for a move above the 1.3680...
