Technical Analysis
On the 1-hour chart, EUR/USD is trading near 1.1408, showing a corrective pullback after recent gains. The pair breached a rising trendline support around 1.1411 and is approaching key Fibonacci retracement levels derived from the recent swing low to high. Immediate support lies at the 100% Fibonacci level near 1.1368, with further downside...
Technical Analysis – EUR/USD (1H Chart)
EUR/USD is currently trading around 1.1367, slipping after a failed attempt to break above the recent swing high of 1.1406. The pair has now broken below a short-term ascending trendline and is testing the key support drawn from the last bullish leg at 1.1368. Breaking of this level can push the pair lower.
The break of...
CAD/CHF Market Outlook – May 14, 2025
CAD/CHF remains in a bullish structure on the 4H chart, with price currently hovering near 0.6010 after rejecting resistance at 0.6032. The pair is testing the 61.8% Fibonacci retracement and holding just above a rising trendline and the WMA, which converge around the 0.5980–0.5994 zone. Momentum has flattened, with RSI at 52...
Technical Analysis
On the hourly chart, AUD/CAD is attempting to complete a short-term bullish reversal pattern that began forming after the pair established a base at the psychological level of 0.90000. Buyers have successfully pushed the price above the resistance at 0.90189, gaining proximity to the 100-period moving average—a key area of interest.
A sustained...
Market Overview
The British Pound surged to a four-and-a-half-month high against the US Dollar on Tuesday as expectations grew that the Bank of England (BoE) would refrain from cutting interest rates later this week. Meanwhile, Sterling weakened against the Euro, driven by optimism surrounding Germany’s stimulus plans. The Euro’s strength has contributed to a...
On the four-hour chart, EUR/AUD has successfully broken above its previous downtrend and now trades above the 100-period moving average, reinforcing a short-term bullish outlook. Buyers have managed to clear the 1.65192 resistance level, extending the rally toward the 127.2% Fibonacci extension of the latest bearish swing at 1.65433. A sustained break above this...
