I believe that the prospects for the northern direction for EURJPY have been almost entirely negated at this point. I think the maximum upside potential is limited to a scenario where the price rises and bounces off the resistance level of 163.80....
The recent price action in the USD/CHF exchange rate reflects a complex interplay between global economic conditions, central bank policies, and market sentiment. The pair’s decline to 0.8849 suggests that the Swiss franc is showing signs of...
EUR/USD Daily Chart: The EUR/USD market continues to rise after closing last week at 1.08790. The price action continues to strengthen as buyers take control. The 100-day EMA is below the price, supporting the bullish move. The 20-day SMA is above...
GBP / AUD: My Trading Suggestions Yesterday, the price hit the 2.0516 level, which designed a bullish scenario. A strong upward push indicated that buyers maintained control, driving the pair higher. The movement reflected increased demand,...
AUDUSD Analysis The AUD/USD pair is currently trading near the 0.6325 level, which represents a period of consolidation in a long-term downtrend. The movement is heavily influenced by the monetary policy differences between the Federal Reserve (Fed)...
