EUR/USD Technical Analysis The EUR/USD currency pair remains in a downtrend on the 4-hour time frame. The market structure suggests that selling pressure is ongoing, as the pair is currently trading near the 50-day Simple Moving Average (SMA), which...
USD/JPY Market Sentiment The USD/JPY market is showing a strong uptrend today. Both market sentiments determine the USD/JPY market price action, and the recently released US Headline PPI (MoM) and US PPI (MoM) data boosted the US dollar’s strength...
USD/JPY Technical Analysis H1 Timeframe When analyzed in the H1 timeframe, the USD/JPY market was previously moving upward. However, it has now broken its previous structure and entered a downward trend. This change indicates that the price is...
The Australian dollar tried to rally during Tuesday's session, but gave up all of its earlier gains as US markets opened. The 0.62 level proved to be a significant resistance point, with further barriers looming at 0.63 and 0.6350. These levels are...
The US dollar extended its recovery against the Japanese yen, breaking above the critical 158 yen level, signaling continued upward momentum. Currently, the pair is consolidating just below this line, seemingly waiting for a catalyst to guide its...
