Technical analysis of the USDJPY pair The technical analysis of the pair shows that the price is trading in a support area and is heading upward during the coming hours. During this week, the general trend of the price was strongly bearish as the...
The USD/JPY H4 chart displays a well-defined price movement with significant trading levels. The pair experienced a strong uptrend, reaching a peak around 160.10 before reversing. The price has since dropped, breaking below the 153.80...
Bullish Engulfing Candlestick Chart Pattern The Bullish Engulfing pattern is a two-candlestick reversal pattern that appears in technical analysis of financial markets, such as stocks, forex, and cryptocurrencies. It signals a potential bullish...
USD/CAD Price Forecast The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Nonfarm Payrolls (NFP) data for January on Friday at 13:30 GMT. Amid lingering inflationary concerns under Donald Trump’s presidency, the...
The AUD/USD 30-minute chart exhibits a strong recovery after a sharp decline, forming a V-shaped rebound from the 0.6140 level. The price is currently testing a key resistance zone around 0.6299, which has acted as a prior support-turned-resistance...
