The Euro is facing a perfect storm of bearish pressure, weakening against the US Dollar and falling below a key support level. This decline comes amid heightened political uncertainty in Europe, particularly in France, where upcoming legislative...
Yesterday, the EUR/USD saw a minor pullback southward before reversing and confidently pushing north, forming a full bullish candle. This candle, with its northern shadow, managed to update the high of the previous daily range. I believe that the...
The image provided appears to be a technical analysis chart used for trading financial instruments such as stocks, forex, or cryptocurrencies. Let's break down and analyze the key components of the chart: ### 1. **Chart Pattern and Trend Lines** The...
Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
USD/JPY D1 ANALYSIS. Prices for the USD/JPY currency pair change. A sustained decline could be sparked by a false breakout at 157.71. Assuming the cost drops from the 157.71 territory, the center movements to arriving at the 155.31 territory. A...