Here's the breakdown of your AUDUSD H1 chart: Chart at a glanceair: AUDUSD - H1 , Price now: 0.69703 around 13 Oct 05:00. Your zigzag lines are tracking swing highs/lows. 1. Structure: Big down leg from ∼0.6995 to a low around 0.6932 on 8 Oct 23:00...
Mastering Market Structure: Identifying Bullish and Bearish Trends in Forex Trading Mastering Market Structure: Identifying Bullish and Bearish Trends in Forex Trading If you really want to understand the forex market, you need to stop looking at...
GBP/USD H4 Analysis: The GBP/USD currency pair is trading near 1.32419 on the four-hour (H4) timeframe, showing a prolonged bearish trend followed by a period of sideways consolidation. The chart illustrates a clear decline from the 1.35400–1.35600...
USD/JPY Greetings, colleague! So, it looks like we’ll be riding the pair northward together. The current USD/JPY quote is 158.10. Here is what the daily chart’s technical indicators are showing right now: - The MA100 is moving perfectly parallel to...
The US dollar (USD) is seen falling against the Japanese yen (JPY) but remains bullish overall amid risk-averse sentiment on Tuesday. Bulls on USD/JPY once again hit resistance at the 200-day SMA around 158.50 on Monday, and the pair retraced in...
