The post USD/CAD Price Forecast: Hovers above 1.4150 as bullish bias prevails appeared on BitcoinEthereumNews.com.
USD/CAD moves sideways after two days of losses, trading around 1.4170 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias. The USD/CAD is retaining a bullish near-term bias as it holds comfortably above the 50-period Exponential Moving Average (EMA). Price is pressing against the short-term nine-period EMA, which acts as immediate resistance, while the 14-day Relative Strength Index (RSI) around 64 stays in positive territory but off extreme overbought readings, hinting at sustained upside momentum with some scope for consolidation. The USD/CAD pair may test the immediate barrier at the nine-day EMA of 1.4182, followed by the primary barrier at the nearly 15-month high of 1.4248, reached on June 24. Further advances would expose the upper
The post EUR/JPY Price Forecast: Tests symmetrical triangle top above 185.50 appeared on BitcoinEthereumNews.com.
EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday. The currency cross is maintaining a constructive bullish bias as spot holds above the moving averages, with a nine-day Exponential Moving Average (EMA) moving above a 50-day EMA, suggesting a bullish shift in momentum. The EUR/JPY cross also sits over the session Volume-Weighted Average Price (VWAP), while the 14-day Relative Strength Index (RSI) near 55 suggests positive but not overstretched momentum, hinting that buyers retain control as long as these supports are defended. Daily chart technical analysis shows the EUR/JPY cross is positioned on the upper boundary of the symmetrical triangle around 185.60, signaling an imminent bullish breakout. It shows that buyers are aggressively pushing the price up, testing a breakout. A decisive close
The post The Australian Dollar flatlines while everyone else has a war to trade appeared on BitcoinEthereumNews.com.
AUD/USD trades pinned between 0.6900 and 0.6950 on Wednesday, essentially unchanged and printing the kind of indecision candle that tells traders the week’s rebound has run out of sponsorship. The Aussie has spent five sessions climbing away from the 200-day Exponential Moving Average (EMA) at 0.6900, and the reward is a market that no longer knows what to do with it: No follow-through, no rejection, just a doji parked in the middle of last week’s range. For a currency that spent June shedding almost three big figures, standing still this close to the 200-day EMA reads less like stability and more like suspense. Two hawkish central banks walk into a stand-off Wednesday’s Federal Open Market Committee (FOMC) minutes, released at 18:00 GMT, showed a committee split nearly down the middle on the next move, with the June dot grid printing nine hikes against eight holds and o
The post British Pound Sterling wins the day and stays stuck in the same trap appeared on BitcoinEthereumNews.com.
GBP/USD trades just below 1.3400 on Wednesday, up around a quarter of a percent and once again leaning on the 200-day Exponential Moving Average (EMA) that has repelled every advance since the pair clawed back from its mid-June washout. Cable has recovered roughly two big figures from the 1.3150 area in under two weeks, and the reward for the effort is a ceiling it cannot break and a floor it refuses to leave. An imported inflation shock does the heavy lifting The Pound’s bid is not homegrown: Fresh US strikes on Iran sent Crude Oil surging more than 6% and dragged Bank of England (BoE) tightening expectations up with it. Markets now fully price a 25-basis-point hike by year-end, up from roughly three-quarters odds before President Trump declared the Versailles ceasefire over, and a November move trades better than even. The June hold at 3.75% already carried two dissenter
