The pair struggled to gain momentum during Friday's Asian session, trading in a narrow range just above the 1.0900 psychological support level, close to a four-week low reached the previous day. Traders are exercising caution as they await the...
Strength of the Japanese Yen and Market Dynamics In the past trading week, the Japanese Yen demonstrated its strength, achieving notable highlights. After touching a resistance level of 143.53, the Yen experienced a corrective rally, dropping to...
The Evening Star is a bearish reversal candlestick pattern that signals the potential end of an uptrend and the start of a downtrend. It's one of the more reliable patterns traders use to predict market reversals. The Evening Star consists of three...
Potential Recovery in USD/CHF: Key Insights for Traders The USD/CHF currency pair shows signs of potential recovery. Traders should closely monitor price action around the 0.8713 level as the market tests critical support and resistance levels. The...
Analysis of EUR/JPY Currency Pair Overview of Current Market Sentiment In my opinion, when the bears broke the weekly trend line successfully, the bullish energy in the market diminished, causing the currency pair to move southward. However, this...