Weekly Analysis of USD/JPY Outlook Introduction As of yesterday, my expectation was for the USD/JPY currency pair to test the resistance level at 152.70. I had noted the potential for a pullback to the support level at 151.50 before a breakout above...
EURGBP Daily Time Chart Analysis The EUR/GBP pair is moving lower after rejecting the downtrend formed from January 23 to February 2, 2023. The pair is below three major moving averages, further strengthening the decline. However, sellers failed to...
The US dollar initially fell against the Japanese Yen at the beginning of the session, but quickly reversed the course and now shows a renewed force. At present, the PAR is negotiated around the 200 -day exponential mobile average (EMA), which many...
USD/CAD Technical Analysis and Forecast Current Market Overview The USD/CAD market is in an uptrend amid a strengthening US dollar. On the H1 chart, the USD/CAD price is trading at 1.42356 and is moving towards the resistance level at 1.42500. The...
As of February 19, 2025, the EUR/USD currency pair appears to have abandoned its attempt to reach the target range of 1.0534 to 1.0575. To confirm this reversal, it is essential for the current trading session to close below the level of 1.0458. If...