Tag: Technical Analysis

An ETF (Exchange-Traded Fund) is a type of financial instrument that allows investors to acquire a stake in a fund that replicates the performance of an asset or group of assets. In the case of Bitcoin...
Ripple has formally argued to the U.S. Securities and Exchange Commission (SEC) that fungible cryptocurrencies, when traded in secondary markets, should not be considered securities. In a letter dated May 27, Ripple—the blockchain firm behind XRP—cited legal...

Daily Technical Analysis EUR/USD: Rises Ahead of Weak Dollar, with Key Technical Barriers Still in Place

EUR/USD gained for a second consecutive session on Tuesday, lifting the pair closer to the 1.1300 mark. While bullish momentum has returned in the...

Daily Technical Analysis EUR/USD: Rises Toward 1.1200, Rebounds on Weaker U.S. Dollar Amid Fiscal Concerns

EUR/USD rebounded from previous session losses on Monday, trading near 1.1190 as the U.S. dollar came under pressure following Moody’s downgrade of the U.S....

Daily Technical Analysis EUR/USD: Rallies on Wednesday as the U.S. Dollar Continues to Weaken

EUR/USD climbed on Wednesday, recovering most of its early-week losses as the pair moved closer to the 1.1200 mark. The rebound was driven more...

Daily technical analysis EUR/USD: Pair Trades Below 1.1250 as Conciliatory Signals from the ECB Weigh on the Euro

EUR/USD is edging lower in Monday’s Asian session, slipping to around 1.1240 after gains in the previous trading day. The Euro (EUR) is under...

Daily Technical Analysis: EUR/USD Continues to Drift in Anticipation of Key Fed Meeting

The EUR/USD pair traded sideways on Tuesday, establishing a near-term consolidation range around the key 1.1300 level as market participants await a fresh catalyst....

Daily Technical Analysis EUR/USD : Drops Close to 1.1300 as Traders Watch U.S. ISM Services PMI

The EUR/USD pair opened the week under pressure, trading near 1.1320 during Monday’s European session. The U.S. dollar drew some support after former President...

Daily Technical Analysis EUR/USD: Pair Gains Ground as Weak U.S. Data Weighs on Dollar

The EUR/USD pair extended its upward momentum on Wednesday, climbing toward the 1.1390 mark during the European session. The move comes amid sustained weakness...

Daily Technical Analysis EUR/USD: Pair Holds Near 1.1350 as Trade Tensions Ease

EUR/USD continued its decline for a second straight session on Monday, slipping toward the 1.1360 area during early trading hours. The pair remains under...

Daily Technical Analysis EUR/USD: Pair Drops Toward 1.1350 on Dollar Strength

The EUR/USD pair faced fresh selling pressure during the session on Wednesday, pulling back toward the 1.1355 area. The move comes as the U.S....

Daily Technical Analysis EUR/USD: Euro Climbs to 1.1485, Highest Since 2022 Amid Weak Dollar

On Monday, the EUR/USD pair broke out of a consolidation zone that had held for several days, reaching its highest level since February 2022,...

Daily Technical Analysis: EUR/USD Gains Ground Above 1.1250 Ahead of U.S. Retail Sales Data

The EUR/USD pair is trading in positive territory around 1.1285 on Wednesday, with the U.S. Dollar (USD) hovering near a three-year low against the...

Daily Technical Analysis EUR/USD: The Pair Trades Around 1.1350 After Two Days of Gains

The EUR/USD pair edged lower during Monday’s trading, hovering near 1.1360 after two days of gains. The recent uptick was largely fueled by broad-based...

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