TRADING CHART ON NZD/JPY H4. The NZDJPY exchange rate's downward momentum failed to reach the support level (S1) of 85.85, stopping at a low of 86.24. The price then rebounded and consolidated around the pivot point (PP) of 87.11. Soon after,...
The business pair USD/CAD is currently trading near 1.3508, showing a defensive stance in Monday’s Asian session. The primary factors influencing this pair are the recent dovish comments by Federal Reserve Chair Jerome Powell at the Jackson Hole...
The US dollar has seen a strong bounce from a key uptrend line, especially around the 140 yen level, an area that has proved significant several times in the past. Last week, while the Federal Reserve introduced a 50 basis point rate cut, the Bank...
In forex trading, a forex angle refers to the angle at which price trends or movements occur on a chart, often used as a visual tool to assess the strength and momentum of a trend. Angles are generally used in the context of trend lines, Gann...
Price Action Insights: Silver We are currently engaged in the study of the Silver pricing movement analysis. A move to the bullish direction seems necessary, but consolidation is equally essential. If the price is above the descending trend line,...