Technical Analysis

The USD/JPY pair has seen a significant increase recently, surpassing the 152.50 resistance level. This upward movement indicates a positive trend for the US Dollar against the Japanese Yen. On the 4-hour chart, a key bullish trend line has formed with support at 152.70, showing a potential for further growth in the near future. The

The recent news about inflation in the United States has led to a significant strengthening of the dollar against the yen, with the USD/JPY rate reaching around 153.20 yen per US dollar. This surge in the dollar has caused the yen to weaken to levels last seen in the mid-1990s. Notably, a bullish breakthrough of

The EUR/USD pair is currently in a state of neutrality, hovering around 1.0851 on Wednesday as investors eagerly wait for important updates. These updates include the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on Thursday. The anticipation of these significant events is causing investors to proceed with

AUDCAD has shown strong bullish momentum since April 2nd, bouncing off the near-term uptrend line established from the low of September 27th. The pair successfully surpassed the 0.8930 resistance level, now turned support, indicating a potential move towards the key barrier of 0.9055. Both the MACD and RSI are signaling positive momentum for AUDCAD. The

The USDJPY pair has been trading sideways just below the 152.00 level, a point that was significantly defended by Japanese authorities back in 2022. Despite this, momentum indicators are nearing overbought conditions, hinting at a possible shift in the current trend. Potential Price Movements After establishing a strong uptrend from early March when it bounced

Despite hitting a new high, CADJPY remains within a consolidative range, signaling a lack of clear direction. The pair reached a high of 112.46, its highest level since the beginning of 2008, but has struggled to maintain momentum above 112.00. The upcoming Bank of Canada (BoC) rate decision at 13:45 GMT is expected to be

The New Zealand Dollar has been making strides against the US Dollar, attempting to break above the key resistance level of 0.6000. The recent positive movement started from the 0.5940 zone and successfully cleared obstacles around 0.5990 and 0.6000. A significant breakthrough was the crossing of a major bearish trend line with resistance at 0.5990.

The Japanese yen is currently facing a significant decline against the US dollar, with the USD/JPY pair hovering around the 151.88 mark. While the US dollar itself is experiencing some instability due to fluctuations in Treasury bond yields, the yen is under pressure for other reasons. One of the main factors contributing to the yen’s

The USD/JPY pair saw a significant rally towards the 152.00 level recently before entering a consolidation phase. Interestingly, there is a major bullish trend line forming with a crucial support level at 151.20 on the 4-hour chart. This indicates that the pair may have some potential for further upward movement in the near future. However,

Jerome H. Powell, the chair of the Federal Reserve, recently made a statement regarding the central bank’s stance on interest rates. He mentioned that the Fed can afford to be patient in deciding when to cut interest rates due to easing inflation and stable economic growth. This is a significant departure from the Fed’s previous