The NZD/USD currency pair is currently trading at 0.5667, with the Relative Strength Index (RSI) slightly below the 70 level, indicating that the market is exiting the overbought zone but still retains bullish momentum. The price has recently broken...
Have a great day everyone! There is an opportunity to sell against the main movement on the hour. The basis for this is the linear regression channel turned downwards. Although it is more correct to skip sales or wait for the downward reversal of...
EUR/JPY As of today, EUR/JPY is hovering around 161.80, moving within a tight range. The key resistance stands at 163.25, while immediate support is at 161.60. The overall trend has been bullish, but I’m seeing signs of a possible bearish reversal....
USD/JPY Daily Time Chart Analysis The USD/JPY pair posted a small decline today, moving away from the key 158 level. The dollar performed poorly in the first full trading session of the new year, but yen bulls were looking to recoup some of the...
On the GBP/JPY chart, the rate on the 4-hour timeframe is presently under the month-to-month pivot factor at 184.58 level. The charge being under the month-to-month pivot factor suggests that bearish stress is dominating the market. This scenario...
