The wave structure for this older period still shows an upward trend, but the MACD indicator is already declining within the lower sell zone and below its signal line. The MACD indicator shows a significant bearish divergence, even though it has...
Introduction: Forex trading, the largest financial market in the world, involves buying and selling currencies with the goal of making a profit. It's a dynamic and exciting field, but with high potential rewards come high risks. That's why effective...
The EUR/JPY currency pair, currently trading at 172.26, is experiencing a bearish trend. In this context, the bearish trend signifies that the euro is weakening against the Japanese yen. This situation can be driven by various factors, including...
The EUR/JPY currency pair remains stuck around the 168.00 level, trading sideways with a slight downward drift. Any potential bounce appears to hinge on the 20-day simple moving average (SMA) acting as support. Adding to the cautious market...
GBP/USD/H1 For the second day in a row, the price of the British pound against the US dollar GBP/USD is trying to rebound higher, but its gains did not exceed the level of 1.2698, which is stable near it at the time of writing the analysis. The...