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Technical Analysis

GBP Outlook Shifts Lower Following BOE Pause
GBP Outlook Shifts Lower Following BOE Pause

BOE Shift Slams PoundGBP remains the weakest among the G10 FX bloc as we start the new week. Sentiment in the Pound has undergone a significant shift in recent weeks with GBP now the worst performer...

USDJPY Remains Bullish As Ueda Reaffirms Policy Stance
USDJPY Remains Bullish As Ueda Reaffirms Policy Stance

JPY in FocusThe Japanese Yen continues to weaken across early European trading on Monday. The continued decline of the Yen is once again stoking intervention speculation. With USDJPY now trading well...

USDJPY H4 | Reacting off resistance level?
USDJPY H4 | Reacting off resistance level?

TitleUSDJPY H4 | Reacting off resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point 148.392, a multi-swing high resistance level. A reversal from this point could...

BCOUSD H4 | Falling to pullback support
BCOUSD H4 | Falling to pullback support

TitleBCOUSD H4 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 92.185 which is a pullback support that aligns with the 61.8% Fibonacci projection...

USDCAD H4 | Rising towards swing-high resistance
USDCAD H4 | Rising towards swing-high resistance

TitleUSDCAD H4 | Rising towards swing-high resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse...

GBP Sold Heavily As BOE Pauses Tightening
GBP Sold Heavily As BOE Pauses Tightening

BOE Catches Market Off-GuardGBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle...

Crude Rallies on Russia Export Ban Announcement
Crude Rallies on Russia Export Ban Announcement

Oil Turning Higher AgainFollowing a brief correction lower from YTD highs, crude oil prices are turning higher again into the end of the week. The move comes on the back of the news that Russia has...

USDJPY Spikes on BOJ Easing Confirmation
USDJPY Spikes on BOJ Easing Confirmation

BOJ Holds SteadyThe Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line...

Silver Price Rebounds, EUR/USD is on the Rise
Silver Price Rebounds, EUR/USD is on the Rise

The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence,...