Category: pair
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Ethereum Struggles As Bitcoin Dominance Pushes ETH/BTC Pair To 4-Year Low
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This article is also available in Spanish. Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance increases, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair was standing at 0.031, representing a four-year low. ETH/BTC…
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USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
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The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look at price…
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USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report
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The US jobs report sent USD/CHF finally out of the bullish and bearish trading range that had mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 before the report was released, and has now risen to 0.8607. At the top, the price experienced a 61.8%…
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Volatility in EUR/GBP currency pair to remain supressed
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The European Central Bank and the Bank of England are likely to adopt “similar” stances on monetary policy going forward, although the BoE is expected to adopt a slightly more hawkish approach, according to analysts at UBS. In a note to clients, analysts added that the economic situation in the…
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AUDUSD buyers take the price of the pair to highest level since July 2024
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The AUDUSD pair is moving higher today. The Reserve Bank of Australia kept interest rates unchanged: The Reserve Bank of Australia (RBA) was the latest central bank to announce its policy target when it left the cash rate unchanged at 4.35% in September 2024, as expected. The central bank noted…
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USDCAD a little higher on the week but gives up gains. What’s ahead for the pair?
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USD/CAD closed the week at 1.3558. The current price is slightly higher at 1.3580. The high for the week was 1.3622 on Wednesday. This move took the price above a swing high at 1.36188, but it quickly pulled back down. The high was capped before 38.2% of the move down…
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USDJPY Technical Analysis – The pair bounced on the key 152.00 support
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
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AUDUSD Technical Analysis – The pair bounced from the key support
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Basic Overview The US dollar remains in a bearish mood as US data points to continued strong growth with low inflation. Yesterday, we got a good US retail sales report which suggests that stories of deteriorating consumer spending are overblown. Overall, this should support a soft bearish narrative and be…
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EURUSD Technical Analysis – The pair broke through a key support
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Basic overview The US dollar was sold off across the board on Wednesday following the release of a weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than expected decision from the FOMC as…
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EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
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EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…
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AUDUSD Technical Analysis – The pair is at a key resistance ahead of the RBA
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The US dollar weakened across the board last week due to a more pessimistic-than-expected FOMC decision, as the Fed decided to signal a further tapering of the QT period starting in June, and Fed Chair Powell also repeatedly backtracked on interest rate hike expectations. . Furthermore, data released on Friday…