USDJPY Daily Forecast The USD/JPY pair continues to approach the key psychological resistance level at 150.00. This has important technical implications as it is closely related to the 200-period simple moving average (SMA) on the daily r chart. The...
Understanding the Current Market Condition When a currency pair trades below its moving averages, it typically signifies that sellers have control of the market. Moving averages act as dynamic support and resistance levels, and when prices...
GBP/USD GBP/USD Sustains Daily Gains in The Low-1.2900s On US Data In response to a firmer tone in the US Dollar following the release of preliminary PMI figures, GBP/USD has given up some of its initial bull run and is now trading around 1.2920....
EUR/USD analysis chart Signs of a downward reversal are already visible. For EUR/USD, this is quite logical, since there is a clear tendency to fall to the level of 1.0767 in the coming week based on GDP. I believe that sellers have a good chance to...
Good morning. Buyers of the Euro tried to develop the upward movement this morning, but so far sellers do not give up so easily and are trying with all their might to continue the decline that began last week. For its active development, it will be...
