Market Overview The provided hourly chart (H1) for EUR/JPY displays a recent period of strong upward momentum followed by a visible technical pullback. After reaching a peak near the 179.50 level, price action encountered resistance and experienced...
GBP/USD Technical Outlook: Crucial Test Near Key Support Levels The GBP/USD currency pair on the H4 timeframe is currently navigating a critical junction after experiencing a noticeable pullback from its recent local highs near the 1.3650 region. As...
This is NZDUSD M15 at 0.58276 right now with RSI at 73.95 1. Quick read of the chart NZDUSD dropped hard from 0.58680 on Sept 8 down to 0.57940 on Sept 10. Now we are seeing a sharp bounce. Price has crossed above the yellow and blue MAs and is...
Understanding Market Structure Through Technical Analysis Technical analysis becomes much more effective when traders understand how price moves through different market structures. The chart illustrates an important sequence involving Lower Highs,...
AUD/USD Technical Analysis The Australian Dollar bounces back to near 0.7175 against the US Dollar. Hot US PPI report for August has boosted hawkish Fed bets. The RBA is expected to deliver more interest rate hikes this year. The Australian Dollar...
