Today, I conducted a technical analysis of the USD/JPY pair. Currently, the market is in a downtrend, and the price is falling, which is helping to push the downtrend line lower. The USD/JPY has broken the support level at 155.06, signaling a...
USDCAD H1 The pair was trading in the range between resistance 1.44651 and support 1.43063. There was a volume growth here, the pair brought the volume to sell and I then assumed that it would go lower. Resistance 1.46768 was broken. There was a...
USD/JPY Key Price Levels The USDJPY pair consolidated in the range of a 2-month low amid market expectations that the Bank of Japan (BOJ) will continue to raise interest rates this year. The Japanese yen had jumped to 151.80 in the Asian session...
The EUR/USD daily chart shows a strong bearish trend, with price action forming lower highs and lower lows. The red moving average (likely a 50-day or 100-day MA) has acted as dynamic resistance, with price rejecting it multiple times before...
Date: 6th February 2025. Analysts Expect the BoE To Cut GDP Forecasts and Raise Inflation Projections! President Donald Trump approved a 25.0% tariff on Mexican and Canadian goods starting on February 1st, but implementation was delayed after...
