Tag: Technical

Fundamental analysis, a cornerstone of trading strategies, extends beyond its traditional association with stock markets. It’s a powerful tool for navigating currency trading, CFD trading, and even short-term strategies. By analyzing financial and economic indicators, traders...
Microsoft is not ready to incorporate Bitcoin into its corporate treasury, as shareholders voted against a proposal influenced by Michael Saylor’s recommendations and the success of his company, MicroStrategy. The tech giant, best known for its Windows...

Daily Technical Analysis EUR/USD: Continued Downward Trajectory

The EUR/USD pair continued its decline on Tuesday, struggling against the 1.0500 level, as momentum for an upward push toward 1.0600 seems to be...

Daily Technical Analysis EUR/USD: EUR/USD Plunges Below 1.0550 Amid Lagarde’s Statement and U.S. PMI Data

EUR/USD is under selling pressure around 1.0530 during early trading hours, driven by a strengthening U.S. dollar. Investors are keenly anticipating European Central Bank...

Daily Technical Analysis EUR/USD: EUR/USD Looks for Resistance Around 1.0500 After Bouncing Off Two-Year Lows

The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing....

Daily Technical Analysis EUR/USD: The Pair Is Expected to Break Above the 1.06 Level

During Tuesday's trading, the EUR/USD pair fluctuated between 1.0550 and 1.0600, initially attempting to move lower but recovering slightly to close down about 0.14%...

Daily Technical Analysis EUR/USD: Rises Above 1.06 but Remains Near Yearly Lows

The EUR/USD pair resumed its downward trajectory on Tuesday, shedding another third of a percentage point. It briefly tested levels slightly below 1.0600 during...

Daily Technical Analysis: EUR/USD Stays Tepid Near 1.0700 Amid Rising Dollar and Political Uncertainty

The EUR/USD pair remains under significant pressure, primarily driven by the strengthening U.S. dollar and escalating political uncertainty in Germany. The prospect of Donald...

Daily Technical Analysis EUR/USD: Rallies on Greenback Weakness on U.S. Election Day

The EUR/USD pair capitalized on a broad-based decline in the U.S. dollar as markets prepared for the initial results of the U.S. presidential election...

Daily Technical Analysis EUR/USD: The Pair Rises Ahead of U.S. Elections

The EUR/USD recovered some losses from the previous session, trading near 1.0880 in early Asian trading on Monday. This rise may be due to...

Daily technical analysis EUR/USD: Slight Rise Above 1.0800 Ahead of U.S. & Eurozone GDP, German Inflation Data

The EUR/USD pair's gains remain limited, with uncertainty prevailing ahead of the U.S. presidential election and critical economic data from the U.S. A potential...

Daily Technical Analysis EUR/USD: Pair Nears 16-Week Low, Stays Negative

EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if...

Daily Technical Analysis EUR/USD: The Pair Extends Decline Ahead of ECB Rate Decision

The EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA)....

Daily Technical Analysis EUR/USD: Indecision Dominates Trading

The EUR/USD pair held steady on Tuesday, unable to regain the 1.1000 level but pausing the recent Fibonacci retracement from the 1.1200 area. The...

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