During my daily study of major currency markets, the USD/JPY pair caught my attention because we are close to breaking out. If we can break above a big support level just above, the market will go much higher. If we can break above the ¥158 level,...
EUR/USD Technical Analysis: When we analyze the 4-hour time frame for EUR/USD, we can observe that the market is currently in a strong downtrend. The market structure is clearly in a sell mode, with lower highs and lower lows forming, indicating a...
The US dollar continued its gains against the Japanese yen, supported by rising yields in the bond market. The 158 yen level, once a critical resistance point, now appears to be in the rearview mirror. As the pair strengthens, short-term dips shape...
The USD/CAD pair fails to capitalize on the previous day's bounce from sub-1.4300 levels and draws some buyers during the Asian session on Wednesday. Spot prices, however, hold safely above the lowest level in over two weeks, touched on Monday and...
GBP/USD Technical Analysis: On the 4-hour time frame for GBP/USD, the market is currently following a clear sell trend. The price is trading below both the 200-day and 50-day Simple Moving Averages (SMAs), indicating a bearish market structure. The...
