TradingFXio

TradingFXio

As observed in the last session, the USD/JPY pair has shown bearish momentum, breaking through the key support zone near 148.00, indicating potential further weakness. Technical analysis: The ongoing bearish trend is validated by the Bollinger Bands, where price is lingering near the lower band, suggesting a continuation of the downtrend. The support zone around...

TradingFXio

In the previous trading session, the GBP/USD pair displayed remarkable resilience, reinforcing the bullish trend observed. The currency pair capitalized on the USD’s weakness following the Federal Reserve's pause in rate hikes due to a softer CPI, fuelling bullish momentum for the Pound. Technical analysis: A technical breakout above the pivotal 1.264 resistance...

TradingFXio

In the latest trading sessions, Gold has exemplified bullish momentum, persistently testing the resistance zone near the $2014 mark. Technical analysis: The ascending trend line has been supporting price action since the rally from around $1930, guiding the precious metal's ascent. The recent consolidation just below $2014 suggests a potential accumulation phase...

TradingFXio

As analyzed during the last market session, the EUR/USD has reasserted its bullish character, with the Federal Reserve pausing rate hikes in light of a lower Consumer Price Index (CPI), we are pretty bullish on EUR/USD due to anticipated USD weakness.. Technical analysis: While the Dollar Index (DX) is recovering, presenting a technical selling opportunity, the...

TradingFXio

As scrutinized in the previous session, GBP/USD has maintained a strong bullish trend, with the market sentiment leaning towards further strength due to the weakened USD post-Fed's decision to halt rate hikes amidst lower CPI figures. Technical analysis: The pair's recent break above the key resistance zone around 1.2559, now retesting as support, sets a positive...