EUR/JPY Price Outlook: Approaches symmetrical triangle resistance above 185.50
The EUR/JPY exchange rate stayed steady after showing slight gains the day before, hovering around 185.60 during Thursday’s Asian trading session. It seems to maintain a generally positive trend since it’s trading above the moving average. Additionally, the 9-day exponential moving average (EMA) is above the 50-day EMA, which might indicate that bullish momentum is […]
Silver Price Outlook: XAG continues to trend down, focusing on $55
On Wednesday, silver prices decreased by nearly 2.50%, as traders, opting for the safety of US dollars, pushed the value of the precious metal down. At this moment, XAG/USD is reported to be at $58.41 after starting the day around $61.03. XAG/USD Price Prediction: Technical Outlook There’s still a downward tendency in silver’s pricing, as […]
AUD/USD Price Outlook: RBA’s Hunter’s strong comments boost Australian Dollar
On Wednesday, the Australian dollar (AUD) gained about 0.23% against the US dollar (USD), trading at approximately 0.6943. This increase is attributed to the Reserve Bank of Australia (RBA) keeping options open for possible monetary policy adjustments to control inflation, with the AUD showing strength against most major currencies, apart from the New Zealand dollar […]
GBP/JPY Price Outlook: Faces challenges at 217.00, pulls back to 216.50
The pound/yen currency pair took a step back on Tuesday, dropping by 0.24%. This decline came as the Japanese yen managed to recover some strength against most of the G8 currencies, excluding the US dollar. Currently, the pair is trading at 216.51, having previously reached a multi-year high of 217.22. GBP/JPY Price Forecast: Technical Outlook […]
Canadian Dollar remains stable as trade surplus and Fed outlook limit USD/CAD
As of Tuesday, the USD/CAD exchange rate was around 1.4205, showing little change for the day. This stability arises as investors weigh favorable economic data from Canada against a strengthening US dollar, bolstered by monetary policy anticipations and ongoing geopolitical tensions. Recent trade data from Canada surpassed expectations, with merchandise exports increasing by 0.9% in […]
NZD/USD Price Outlook: Under pressure around 0.5700 as RBNZ policy decision approaches
During European trading on Tuesday, the NZD/USD currency pair dipped by 0.2%, reaching around 0.5690. The New Zealand dollar (NZD) seems to be struggling against other currencies as traders await the Reserve Bank of New Zealand’s (RBNZ) monetary policy announcement set for Wednesday. There’s a strong anticipation that the RBNZ will increase interest rates by […]
USD/CHF Price Outlook: Attention is on the 0.8075 resistance as buyers step in during dips
The US dollar (USD) increased its value against the Swiss franc (CHF) for the second consecutive day. With a relatively calm market, any downward movements seem limited for now, and the overall trend appears to be slightly bullish, exerting pressure around the 0.8075 mark. On the economic side, the Swiss National Bank reported a rise […]
AUD/USD Outlook: Retracts from two-week peak as 38.2% Fibo. limits
AUD/USD Analysis The AUD/USD has pulled back a bit from the two-week peak of 0.6960 reached during Tuesday’s Asian trading, and it seems the recent three-day rally might have stalled for the time being. Still, the drop doesn’t seem particularly strong, so it’s probably best to be cautious before deciding that the recent recovery from […]
EUR/USD Price Outlook: 20-day EMA serves as a crucial obstacle close to 1.1460
EUR/USD Trading Update On Monday morning in Europe, the EUR/USD pair dipped slightly to about 1.1428. Major currency pairs are experiencing some selling pressure as the US dollar gains strength following a disappointing weekly close. During late trading in Asia, the US dollar index (DXY), which gauges the dollar’s performance against six major currencies, was […]
EUR/JPY Price Outlook: Approaches 185.00 after rising above moving averages
EUR/JPY Analysis The EUR/JPY pair has increased for a second consecutive day, trading close to 185.00 during Asian hours on Monday. Currently, this currency pair is positioned above the 9-period and 50-period exponential moving averages (EMAs), which suggests a positive outlook in the near term. The Volume Weighted Average Price (VWAP) stands at approximately 184.31, […]