Technical analysis of the USDJPY pair The technical analysis of the pair on the 4-hour chart shows the beginning of an upward wave heading toward the weekly pivot level as well as the upper channel line. The price started trading this week within...
Piercing line Candlestick Chart Pattern The Piercing Line candlestick pattern is a two-candlestick bullish reversal pattern that typically appears at the end of a downtrend. It signals a potential reversal from a bearish to a bullish market...
Technical analysis of GBPNZD Today I choose GBP/NZD for technical analysis; the market price is between 2.1900 resistance and 2.1698 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
USDCAD USDCAD outlook: The USD/CAD pair is currently navigating a dynamic market environment, with the US Dollar supported by robust economic data, while the Canadian Dollar remains sensitive to fluctuations in oil prices. Here's an in-depth look at...
USD/JPY Trading Analysis Update Wednesday, January 22, 2025 Good afternoon. I will also try to analyze the USD/JPY currency pair using the H4 timeframe. The price of the USD/JPY currency pair is currently below the Moving Average Indicator period...
