I notice that the USDJPY configuration on the 4-hour chart is poised for a reversal from below, which I interpret as a clear signal in favor of upward momentum. I predict that this initial push will be aimed specifically at the daily high of 158.80,...
Gold Technical Outlook: Gold prices are temporarily halting their recent upward trend. On the daily chart, the price is hovering between the upper moving average and the middle Bollinger band, strengthening its sideways trend near 4597.27....
USDJPY Chart Review: There has been a lot of interest in analyzing the recent movements of the USD/JPY currency pair. Recent trends suggest that the surge in buying activity in the USD/JPY pair was a strategic move to stem losses from selling...
Gold Price Forecast: XAUUSD on the 1-hour chart is consolidating between 4597.27 and 4609.27 after a previous up move. The RSI gives us a big clue, sitting at 55 but showing a bearish divergence from its recent high. This means price made a new high...
EURUSD Price Movement Analysis: Our discussion focuses on analyzing the current state of the EUR/USD price action. A selling scenario is evident on the EURUSD chart. The market has made a decision after breaking through the contracting triangle....
