USD/JPY On Monday we will look at the chart of period D1 - the USDJPY currency pair. Over the past trading week, the price moved in different directions, sellers temporarily won, but overall buyers prevailed. The wave structure remained ascending,...
NZD/USD H4 Observing the market, we can see that the United States Dollar has become quite strong. As a result, the NZDUSD market has dropped significantly and is currently at the 0.6104 level. This bearish trend is encouraging for sellers as they...
Yesterday's trading was bullish until the middle lines of the price channels were touched, which led to the price falling and closing again below the red channel. When we follow the price movement during the previous two weeks, we will find that the...
The EUR/USD currency pair continued its downward movement on Friday. This trend would have continued throughout the day without the University of Michigan Consumer Sentiment Index in the US. The index was much weaker than forecast, which halted the...
4:55 GMT: Sold the USD/JPY At 4:55 GMT, I opened a sell trading position with a 0.25 lot size on USD/JPY. You can see the details of this trade in the picture below. USD/JPY | Sell | Enter @ 157.50 | Stop @ 157.69 | Take profit @ Depend on the...