archiveTechnical Analysis

The cryptocurrency market begins the week on a positive note with altcoins such as SPX6900 (SPX), Internet Computer (ICP), and AB (AB) leading the gains on Monday, at press time. Recovering from the flash crash on Thursday, Bitcoin reclaims and holds above the $105,000 level on Saturday, adding tailwinds to altcoins. The meme coin SPX soared 7.95% on Sunday following the 8% hike on Saturday to complete a bullish weekend. At the time of writing, SPX trades at $1.25 with minimal intraday movement after a 22% rally last week.  Ethereum (ETH) is trading just below $2,500...

Elior Manier for OANDA The most volatile major currencies in 20252025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s.Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is...

GBP/USD stabilizes near 1.3500 following Tuesday's bearish action.Technical sellers could look to retain control if GBP/USD breaks below 1.3500.In the absence of high-tier data releases, markets will focus on FOMC Minutes.GBP/USD trades in a narrow channel slightly above 1.3500 on Wednesday after closing in negative territory and snapping a six-day winning streak on Tuesday. The pair's technical outlook is yet to point to a bearish reversal but sellers could take action if the pair flips 1.3500 into resistance. British Pound PRICE This week The table below shows the percentage change...

The US Dollar finds primary support at the lower boundary of the descending channel around 98.70.Technical analysis indicates a persistent bearish bias as the RSI stays below the 50 level.The nine-day EMA of 99.68 appears as the initial barrier, followed by the ascending channel’s upper boundary around 100.00.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.On the daily chart, technical...

The Money Metals quarterly bar chart race on the evolution of global international reserves is out. Recently, gold overtook the euro, and soon will be challenging the dollar! In the video by world-renowned gold analyst at Money Metals, Jan Nieuwenhuijs, we explore world reserve currencies from 1950 to 2024.  Such currencies in this comprehensive analysis include gold, the US dollar, British sterling, the Deutsche mark, the French franc, the euro, the Chinese renminbi, the Japanese yen, and “other FX” (e.g., the Swiss franc). https://www.youtube.com/watch?v=mWSaEf-DTJc The race is off… and in...

US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note. Downside risks are seen"Safe haven including CHF, JPY and gold strengthened more at first in reaction to a CNN report that new intelligence suggests Israel is preparing possible strike on Iranian facilities. But as the session continued, other FX in the region (including THB, MYR, KRW) played catch-up on gains." "We reiterate that Moody’s downgrade comes as a timely reminder that a rise in budget deficit in the...

EUR/USD trades little changed on the day near 1.1250.The pair needs to stabilize above 1.1270 to gather bullish momentum.Market participants will pay close attention to comments from central bankers.EUR/USD fluctuates in a narrow channel at around 1.1250 in the European session on Tuesday after closing in positive territory on Monday. The near-term technical outlook points to a loss of bullish momentum as the key resistance level at 1.1270 stays intact. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week....

EUR/USD struggles to stabilize above 1.1300 after closing in the red on Wednesday.Technical sellers could take action in case the pair breaks below 1.1270.Markets see a diminishing chance of a Fed rate cut in June.EUR/USD came under bearish pressure in the American session on Wednesday and closed the day deep in negative territory. The pair stays on the back foot early Thursday and trades slightly below 1.1300. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the...

XRP is knocking on the 50- and 100-day EMAs confluence resistance at $2.21 amid gains in the broader crypto market.The derivatives market Open Interest regains momentum as the long-to-short ratio leans bullish.Risk-on sentiment remains high as large volume holders increase exposure in XRP.Ripple (XRP) price is gaining bullish momentum, increasing over 3% to trade at $2.19 at the time of writing on Thursday. The broader uptrend led by Bitcoin (BTC) as it closes the gap to $100,000 comes after the Federal Reserve (Fed) left interest rates unchanged at 4.24%-4.5%, citing...

GBP/USD trades in negative territory below 1.3350 on Wednesday.The technical outlook is yet to point to a buildup of directional momentum.The Fed will announce monetary policy decisions later in the day.After posting gains to start the week, GBP/USD edges lower and trades in negative territory below 1.3350 in the European session on Wednesday as investors gear up for the Federal Reserve's (Fed) monetary policy announcements. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest...