All Articles Tagged - EURGBP

Technical Analysis – EURGBP reaches lower limit of range

Posted on February 14, 2024 at 9:46 am GMT

EURGBP pivots higher at the bottom of a range Technical signals not bullish yet Eyes on the 0.8540 resistance zone EURGBP switched to recovery mode after almost reaching August’s one-year low of 0.8491 and the bottom of the 2023 range area. While the area looks to be an ideal place for an upside reversal, the technical picture cannot guarantee a sustainable rebound. According to the technical indicators, there is some persisting skepticism in the market, as the RSI is [..]

S&P 500 at all-time highs, expected to make bigger moves ahead – Volatility report

Posted on February 6, 2024 at 8:39 am GMT

Volatility remains low across the FX spectrum with the exception of EUR/USD Gold volatility drops but silver remains at its midpoint; oil and Bitcoin set for small moves S&P 500 volatility rises significantly; remaining stock indices in calmer waters Volatility in EUR/USD has jumped as the pair recorded a sizeable correction last week following some key data releases. The remaining currencies covered in this report, including the yen crosses, are expected by the market to record small price movements going [..]

Technical Analysis – EURGBP hits the lower bound of a broader range

Posted on January 30, 2024 at 10:15 am GMT

EURGBP slides but finds support at the lower end of a range A break below that support may turn the outlook bearish Both the MACD and the RSI detect downside momentum EURGBP entered a sliding mode on December 28, after hitting resistance slightly above 0.8700, the upper boundary of the broader sideways range that’s been containing most of the price action since the beginning of May 2023. That said, the slide was paused yesterday near the lower end of the [..]

Technical Analysis – EURGBP meets crucial line at 0.8550

Posted on January 24, 2024 at 10:18 am GMT

EURGBP may rebound off 0.8550 to reduce bearish actions However, technical oscillators and SMAs indicate negative movements EURGBP is creating a double bottom formation at 0.8550, which is acting as a significant support barrier. The simple moving averages (SMAs) are moving lower, confirming the recent bearish action in price, while the technical oscillators are suggesting more losses. The RSI is ticking lower in the negative territory, while the MACD is still extending its negative momentum beneath its trigger and zero [..]

Volatility Report – January 23, 2024

Posted on January 23, 2024 at 10:45 am GMT

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels. That said, there are several central bank meetings coming up, which could help reignite FX volatility In the commodity space, volatility of gold and silver continues its downward move despite the [..]

Volatility Report – January 16, 2024

Posted on January 16, 2024 at 8:15 am GMT

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases. This expectation for small price movements going forward is also depicted in the remaining currencies covered in this report and predominantly [..]

Technical Analysis – EURGBP continues to oscillate within a range

Posted on January 15, 2024 at 9:55 am GMT

EURGBP slides but remains within a range MACD and RSI detect negative momentum A dip below 0.8520 could turn the outlook bearish EURGBP has been drifting south recently, after it hit resistance slightly above the 0.8700 territory. That said, although the pair is currently trading below all three of the plotted exponential moving averages (EMAs) on the daily chart, it is still stuck within the sideways range between 0.8520 and 0.8700. That range has been containing most of the price [..]

Volatility Report – January 9, 2024

Posted on January 9, 2024 at 9:21 am GMT

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward. In commodities, gold and silver implied volatility has fallen substantially [..]

Technical Analysis – EURGBP’s sell-off remains on cards

Posted on January 4, 2024 at 10:57 am GMT

EURGBP posts strong negative move RSI and MACD supports the bearish structure on price EURGBP is plummeting beneath the simple moving averages (SMAs), shifting the positive outlook to bearish in the near-term. The RSI indicator is showing some weakness, dropping beneath the neutral threshold of 50, while the MACD is falling below its trigger line and is holding near the zero level. More downside pressures could take traders towards the 0.8570 support level ahead of the significant 0.8550 barrier, which [..]

Technical Analysis – Could EURGBP bulls keep the rebound alive?

Posted on December 20, 2023 at 8:17 am GMT

EURGBP edges higher after weaker UK CPI Path higher filled with strong resistance points Momentum indicators are mostly bullish EURGBP is trading higher today after the downside surprise registered by the UK inflation report. The 0.8635 level was easily surpassed with the EURGBP bulls now preparing to test the resistance set by the 0.8657-0.8720 area. They are just halfway to recovering the losses incurred during the November 20-December 1 correction. In the meantime, the momentum indicators appear supportive of the [..]

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