The USD/CHF market is currently in an uptrend and showing significant upward momentum. Earlier today, after a strong rally, the market tested the downtrend line. The USD/CHF market successfully broke above the 100 SMA, which indicates that the...
Technical analysis of XAUUSD If you look at the gold h1 time frame, the market price is in an uptrend, and gold is rising. Gold prices are in an ascending channel, and prices should break out of the channel bottom at 2622. Gold is currently in an...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis, the market price has been falling for several days, and after breaking all support levels, it is falling. But now that the market has broken out of the structure that helped...
USD/JPY Technical Analysis Right now, USD/JPY is trading around 147.80, showing some consolidation. On the 4-hour chart, I’ve noticed the pair testing the 50-day EMA, which seems to be acting as support near 147.50. If it breaks below this level,...
Let’s consider the chart of the D1 period - the AUDUSD currency pair. The wave structure is still building its order downwards. The MACD indicator is falling in the lower sales zone and below its signal line. For many days in a row, the price was...