by OverviewFX | Aug 29, 2024 | Forex
August was a wild ride. It’s typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn.That’s left some nice-looking monthly charts and a series of...
by OverviewFX | Aug 26, 2024 | Forex
EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its...
by OverviewFX | Aug 26, 2024 | Forex
EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as...
by OverviewFX | Aug 26, 2024 | Forex
Traders appear to be stepping back from last Friday’s risk-on rally, showing more caution in the Asian session today. The mood in major indices is mixed; with Nikkei trading down by more than -1%, while HSI is showing gain of about 1%. This cautious sentiment is...
by OverviewFX | Aug 24, 2024 | Forex
EUR/CHF’s retreat from 0.9579 extended lower last week but recovered slightly ahead of 0.9448 support. Initial bias remains neutral this week first, and further rally is in favor. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to...
by OverviewFX | Aug 24, 2024 | Forex
EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen back to this support. Nevertheless, strong rebound from...
