Yesterday, after a minor dip, the EUR/JPY price reversed course and resumed its upward trend. This led to a new bullish candle forming above the previous day's high. As mentioned earlier, I expect the currency pair to test the nearest resistance at...
The bear flag pattern is a technical analysis chart pattern that indicates a downward trend. It is usually seen after a sharp decline, followed by a brief consolidation or correction, and then a continuation of the decline. Here is a detailed guide...
The NZD/USD currency pair, standing at 0.6064, currently exhibits a bearish trend. This situation suggests a potential depreciation of the New Zealand Dollar (NZD) against the US Dollar (USD). Despite the slow market movement observed, several...
The AUD/USD currency pair is currently experiencing a pronounced downward trend when observed on the H1 timeframe chart. The price action depicts a strong and sustained bearish movement, signaling a potential shift in market sentiment towards the...
AUD/USD Market Analysis Greetings and Good morning Guys! Yesterday, we didn't see volatility during the US ISM manufacturing PMI data release mints. And, the market remained around the 0.6650 zone. Today, Fed Chair Powell's speech and the JOLTS Job...