The USD/JPY is trading slightly below the critical 160 level at a moderate pace reported overpurchase situations; Sellers are waiting below 158.35-159.00 BoJ intervention is possible; U.S. core PCE inflation is due at 12:30 GMT Friday After a...
The Commodity Channel Index (CCI) is a versatile technical analysis tool used in forex trading to identify cyclical trends in currency prices. Developed by Donald Lambert in 1980, the CCI measures the deviation of an asset's price from its...
The new trading session for the USD/CAD currency pair presented a curious scene: the US dollar under pressure despite a strengthening US Dollar Index (DXY). This counterintuitive situation stemmed from two opposing forces. On one hand, the US dollar...
USD/JPY H-1 Good day, colleagues and traders! The Moving Average indicator for this pair is below the price, which corresponds to a buy signal. The intersection of the MACD indicator to the top also confirms purchases, as does the trend indicator....
The pair is experiencing mild losses, trading around 1.2636 during the early Asian session on Wednesday. The extended gains in the US Dollar (USD), driven by a cautious market mood, are weighing on this major currency pair. Investors are eagerly...