In my morning forecast, I pointed out the level of 1.0701 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened there. The breakout and retest of 1.0701 after weak German statistics led to...
I initially assumed that the USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an...
The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...
GBPUSD Good morning. It looks like buyers started to push the price higher but yesterday they were unable to increase their positions any further. They now need to break and consolidate above the 1.27018 level and if they can achieve this, the...
Analyzing the dynamic pricing behavior of the USD/JPY currency pair on the M15 time frame during a typical trading day reveals fascinating insights into market movements and potential trading opportunities. This pair, influenced by economic data,...