FxWirePro- Ethereum Daily Outlook
Aug 26, 2024 15:13 pm UTC| Technicals Digital Currency
Major resistance - $2800 (Support turned into resistance) ETHUSDdeclined slightly despite rate cut hopes. It hit a high of $2793 at the time of writing and is currently trading at around $2704. US Durable...
FxWirePro: GBP/USD set for another leg higher to retest a key fibo
Aug 26, 2024 14:55 pm UTC| Technicals
GBP/USD steadied 1.3200 level on Monday as the Bank of England (BoE) remained cautious about committing to a predetermined rate-cut path. BoEs Bailey said that interest rates would have to remain restrictive for...
FxWirePro: EUR/USD retreats slightly but trend is still bullish
Aug 26, 2024 14:31 pm UTC| Technicals
EUR/USD eased slightly on Monday but downside was limited as investors awaited a series of crucial economic data scheduled for release throughout the week. This week will see the release of Eurozone industrial and...
FxWirePro: USD/ZAR trims losses but outlook still bearish
Aug 26, 2024 14:20 pm UTC| Technicals
USD/ZAR edged higher on Monday as South Africas rand weakened ahead of a slew of local economic data releases this week, which could give hints on the health of the local economy. On Friday, the rand, along with many...
FxWirePro- BNBUSD Daily Outlook
Aug 26, 2024 13:28 pm UTC| Technicals Digital Currency
Horizontal trend line- $605 BNBUSDwas one of the best performers this month. Any daily close above $605confirms further bullishness. BNBUSD showed a nice recovery of nearly $200 from this months low of...
Aug 26, 2024 13:23 pm UTC| Technicals
EURGBP declined sharply on the strong Pound sterling. It hit a low of 0.8450 and is currently trading around 0.84544. The Policy divergence and weak Euro economic data put pressure on the pair at higher...
Aug 26, 2024 13:10 pm UTC| Technicals
USDCHF showed a minor pullback due to short covering.It hit a high of 0.8485 and is currently trading around 0.84744 The safe-haven demand and policy divergence between the US Fed and SNB puts pressure on the pair...