The EURUSD chart on the H4 timeframe shows a significant upward movement, almost reaching the 200-day moving average. However, a slight rejection at the 1.0632 area suggests the need for caution. The 200-day moving average is typically an important...
AUD / JPY: An hourly time frame recommendation The bears, or sellers, in the AUDJPY area, are increasingly intensifying their pressure on the bulls, causing a noticeable shift in market dynamics. This heightened bearish activity led the price to...
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AUDUSD Weekly Market Forecast Greetings and Good Morning to Everyone! The Australian Retail Sales and ADP rates were similar this week. But the US news events also do not give the US dollar stability. So, the price crossed the 0.6434 zone yesterday....
EUR/USD technical analysis A bullish engulfing pattern can be seen on the H1 chart. This pattern is ideal because the bodies and shadows of bullish candles completely close those of previous bearish candles. Based on the H1 chart, oil prices may...