Analyzing Crude Oil Price Actions Today's focus is on the analysis of the price movements of Crude Oil. Let's review the weekly chart to assess if the recent movement signals a reversal and determine our goals based on the higher time frame. As I...
In the H1 time frame, the USD/JPY pair is currently exhibiting a clear downtrend, as evidenced by the consistent creation of lower lows in recent candles. This pattern indicates that sellers are dominating the market, pushing prices downward with...
USD/JPY Technically, USDJPY's next week may be dominated by bearish movements, as the last week was closed with a bearish weekly candle. As you can see from the daily timeframe pattern, the price is currently stuck at 148.80 for its decline; the...
USD/CAD technical Discussion The previous day, I made a trading plan for the USD/CAD market. As discussed yesterday, I plan to open a buy position once the price enters the demand zone. However, the USD/CAD price broke through the demand zone, so a...
The price has been retesting its 20-day Exponential Moving Average (EMA) around $0.5315 over the past few days, bouncing back 0.95% on Sunday. This level coincides with a critical daily support zone at $0.5268, which reinforces its importance as a...