The EURJPY market has been in a downtrend, mainly due to a series of negative events related to the euro. These events have significantly weakened the euro, contributing to the downward pressure on the EURJPY pair. A key aspect of this move was the...
The currency pair opened the week with a sharp decline, extending a two-day losing streak before finding support around the key psychological level of 1.0450. On Friday, however, the pair saw a slight recovery, rising to 1.0525 as buyers stepped in....
Business Analysis and Advice on Japanese Yen Trading A test of the 152.82 price level occurred when the MACD indicator moved well below the zero level, limiting the pair's downside potential. For this reason I did not sell the dollar. Following the...
Technical analysis of GBPCAD Today I choose GBP/CAD for technical analysis. The market price rises with the help of the trend line, but the market price breaks out of the channel and helps its price increase. After breaking out of the range, the...
The GBP/JPY market is now in favor of the buyers. Because yesterday it crossed the 191.00 area and the buyers seem optimistic. So I expect the next target for this market to be 192.55.Keep in mind that prudent account management is another essential...
