Trend Structure Overview Looking at the 4-hour chart of AUDJPY, we can see that the market is currently trying to recover from the sharp decline seen in late March. The decline saw the currency pair fall from around 93.30 to a very low of 88.40. The...
GOLD technical analysis I do not have any entry points on H4. We can let them go without us. They may roll back to 3290 or 3315 from the current ones, but you need to go below 3250. Then, it will continue to grow. Here's where you can buy it. In the...
GBPAUD Daily Forecast The GBP/AUD pair reached a 9.5-year high of 2.1644 on April 7 and entered the trading session after a strong rally. During the last trading day, price action was mostly confined to a crowded area between 2.0822 and 2.0871. This...
What is the Aroon Oscillator in Forex Trading? The Aroon Oscillator is a technical indicator used in Forex trading to measure the strength and direction of a trend. Developed by Tushar Chande in 1995, it is based on two other indicators – Aroon Up...
Technical Analysis of the EURJPY Pair The technical analysis of the pair on the 4-hour chart shows that the price is receiving support from the weekly pivot level of 164.44 and the lower triangle line. This week, the pair's price began trading...
