PAIR REVIEW USDJPY Colleague, it’s scary to buy here. The Ministry of Finance entered the market and threw the dollar into the market, because the pair fell from 156.85 to 153.84 out of nowhere. Why? The dollar did not fall that much at that moment,...
Good afternoon. Yes, the pullback is ripe, buyers started to implement it yesterday, but so far they have not been able to break through anything important. In theory, they needed to consolidate behind the level of 1.26964 and reach the level of...
Yesterday, we noted that ‘As momentum indicators are turning flat, further sideways trading appears likely, probably in a range of 0.6445/0.6485.’ The subsequent advance that sent AUD to a high of 0.6510 was unexpected. The advance did not result in...
Levels to Watch in Gold Price Action One critical task in analyzing recent price action in gold is finding significant levels that traders should watch. The recent high near 2699.37 is considered a vital resistance level. Resistance levels are those...
Silent Points of AUDUSD: Today, we can see that the Australian Monetary Policy has significantly strengthened this currency. It reached the 0.6522 level earlier this morning and is currently trading at the 0.6490 level. Since the U.S. and Washington...
