USDJPY I expected a bullish jump from the support level at 141.788 to the local trend line (green, sloping line) on Thursday last week, under the trading idea of forming a reversal pattern "Hammer" at the level of the candlestick. The pattern...
Good Morning Traders! Live Market Analysis Gold Trading Strategies The USD Index closed on a bearish note yesterday, declining from 101.80 to the 100.85 level. Currently, the USD Index appears unstable, hovering around 101.10 after failing to break...
The USD/CHF pair has experienced a decline, driven by expectations for a rate cut by the Federal Reserve and weaker economic indicators in Switzerland. The release of US economic data, including the producer price index (PPI), has reinforced the...
In Volume Spread Analysis (VSA), a "No Demand" entry is a bearish signal that indicates a lack of buying interest in the market, often hinting at a potential downtrend or weakness in an uptrend. It's a key concept in VSA, which focuses on the...
The EUR/USD 1-day chart, currently trading around 1.10756, shows a broader uptrend that has gained momentum after bouncing off a key demand liquidity zone (D-Liq) near 1.06000. The pair has tested this area several times since early 2023, making it...