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When analysing the Brent crude oil price chart six days ago, we: → identified a downward channel marked in red; → noted that the median line was acting as resistance; → suggested the price could find support at the lower boundary of the channel, reinforced by the psychological $60 per barrel level. As shown on […]

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03/09/2024

GBPUSD Takes a Negative Turn

GBPUSD starts a new bearish wave but maintains broad uptrend Technical signals reflect appetite for more selling; eyes on 1.310b GBPUSD resumed its negative momentum during Tuesday’s early European trading hours, crossing below the steep support trendline, which had been curtailing the pullback from the two-and-a-half year high of 1.3265 over the past two trading […]
01/03/2024

Regional Prints Reveal Stickiness in Core Inflation

In focus today In the euro area we will get the HICP print for February. With the regional data we got yesterday (see more below) we will probably see HICP come in at 2.5% y/y or 2.6% y/y, down from 2.8% in January. That is a little higher than the 2.4% we first expected before […]
26/03/2025

EUR/USD Retreats, USD/JPY Eyes Fresh Surge

EUR/USD declined from the 1.0950 resistance and traded below 1.0850. USD/JPY is rising and might gain pace above the 151.00 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0850 support zone. There is a key bearish trend line forming with resistance at 1.0820 on the hourly […]