EURUSD Market Analysis Current Market Sentiment and Price Action EURUSD is currently trading around the 1.1650 level, showing signs of short-term hesitation after the recent bullish recovery lost momentum near higher resistance territory. During the...
USD/JPY Technical Outlook USD/JPY H4 chart presents a broadly bullish market structure despite the recent loss of momentum near the 159.30 region. After the sharp decline seen at the end of April, price established a significant base around 156.75...
How to identify change of character in forex 1. Understand the Core Signal: Breaking Market Structure The most basic ChoCh occurs when price breaks a key structure level: In an Uptrend: Higher Highs (HH) and Higher Lows (HL). A ChoCh...
Looking at the GBP/USD daily chart, the price action throughout May was relatively clear from a technical perspective. A rising wedge pattern had previously formed, and once the market broke below it, a significant decline followed. Although the...
I recently commented that political developments and statements from major world leaders can create significant volatility in the currency market. However, rather than focusing too much on external events, I prefer to concentrate on what I can...
