The EUR/JPY currency pair experienced a decline on Monday, reaching oversold levels. This pair has been on a downward trajectory since its peak on October 31st. Given the principle in technical analysis that "the trend is your friend," it's likely...
TRADING JOURNAL DECEMBER 4 EURJPY EURJPY DAILY ANALYSIS Based on the EURJPY chart on the Daily timeframe, it can be seen that this currency pair is in a fairly dominant downtrend (bearish). The market structure pattern shows lower highs and lower...
GBP USD Technical Analysis: Four-hour chart: If we look at the market price, in the four-hour time frame, the market prices were moving downwards and the selling pattern was helping to bring the market down. This pattern has been in the sale for a...
In the EUR/USD 1-day time frame, the market is currently in a downtrend, trading within a range defined by the 1.0845 support level and the 1.0950 resistance level. Recently, the price began to test the support area, displaying signs of divergence...
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