The EUR/JPY (Euro to Japanese Yen) currency pair is currently trading at 1.7233 and has been showing a bearish trend. This indicates that the Euro is weakening against the Japanese Yen. The bearish trend in the EUR/JPY suggests that investors are...
The EUR/JPY currency pair remains stuck around the 168.00 level, trading sideways with a slight downward drift. Any potential bounce appears to hinge on the 20-day simple moving average (SMA) acting as support. Adding to the cautious market...
Crude Oil Analysis: Today, the Crude Oil price successfully declined to the support level of 80.50-81.36 during the start of the trading session. Despite this decline, it failed to break through the support range, indicating strong buying interest...
Yesterday, after a minor dip, the EUR/JPY price reversed course and resumed its upward trend. This led to a new bullish candle forming above the previous day's high. As mentioned earlier, I expect the currency pair to test the nearest resistance at...
USD/CAD: This week, the USD/CAD currency pair mostly moved sideways, with little significant movement. However, on Wednesday, important news about the US dollar caused the pair to drop to a support level of 1.36950. After hitting this level, the...