Currency Majors Technical Analysis


    EUR/CHF - Euro / Swiss Franc

    Entry: 1.217
    Stop: 1.2155

    Resistances: 1.2185 - 1.2175 - 1.217
    Supports: 1.214 - 1.215 - 1.216


    USD/CAD - US Dollar / Canadian Dollar

    Entry: 1.0995
    Stop: 1.0965

    Resistances: 1.106 - 1.1035 - 1.1015
    Supports: 1.096 - 1.0975 - 1.099


    USD/JPY - US Dollar / Yen

    Resistances: 102.85 - 102.65 - 102.5
    Supports: 101.85 - 102.15 - 102.25


    GBP/JPY - British Pound / Yen

    Resistances: 172.7 - 172.3 - 171.95
    Supports: 170.35 - 170.8 - 171.1


    EUR/JPY - Euro / Yen

    Resistances: 142.7 - 142.15 - 141.55
    Supports: 140.7 - 141 - 141.25


    AUD/USD - Australian dollar / US Dollar

    Resistances: 0.943 - 0.9395 - 0.938
    Supports: 0.931 - 0.934 - 0.9355


    USD/CHF - US Dollar / Swiss Franc

    Resistances: 0.882 - 0.881 - 0.8795
    Supports: 0.875 - 0.8765 - 0.8775


    GBP/USD - British Pound / US Dollar

    Resistances: 1.7345 - 1.686 - 1.6805
    Supports: 1.672 - 1.6745 - 1.6765


    EUR/GBP - Euro / British Pound

    Resistances: 0.828 - 0.826 - 0.825
    Supports: 0.8205 - 0.8225 - 0.8235


    EUR/CAD - Euro / Canadian Dollar

    Resistances: 1.531 - 1.527 - 1.5235
    Supports: 1.5155 - 1.518 - 1.5205


    EUR/AUD - Euro / Australian dollar

    Resistances: 1.492 - 1.487 - 1.483
    Supports: 1.47 - 1.474 - 1.478


    EUR/USD - Euro / US Dollar

    Resistances: 1.39 - 1.388 - 1.3855
    Supports: 1.379 - 1.3805 - 1.383


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GBP/USD remains on the defensive near 1.2430 during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar as the strong US economic data and hawkish remarks from the Fed officials have triggered the speculation that the US central bank will delay interest rate cuts to September.

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EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday. The hawkish comments from Federal Reserve officials provide some support to the US Dollar.

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Gold: Middle East war fears spark fresh XAU/USD rally, will it sustain?

Gold: Middle East war fears spark fresh XAU/USD rally, will it sustain?

Gold price is trading close to $2,400 early Friday, reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row.

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Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’

Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’

Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.   

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Israel vs. Iran: Fear of escalation grips risk markets

Israel vs. Iran: Fear of escalation grips risk markets

Recent reports of an Israeli aerial bombardment targeting a key nuclear facility in central Isfahan have sparked a significant shift out of risk assets and into safe-haven investments. 

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