If we look at the USD/JPY market price in the 1-hour time frame, we will see that the price fell after breaking the trend line, and now the market price has broken the support level and is approaching the next support level. The market price is...
???? NZD/JPY Technical Analysis – Market Update ???? NZD/JPY has been experiencing notable volatility, reflecting market indecision and shifting momentum. The pair recently touched a high of 84.872 before facing a sharp rejection, leading to a...
Currency pair GBPJPY - let’s look at the D1 period chart today. The wave structure here is descending. After the last wave of decline updated the minimum of the previous one at the beginning February, the third wave went down. The MACD indicator is...
Core Points about USDJPY: There is a strong possibility that the USDJPY market will remain in favor of buyers. Recent price action suggests that bullish momentum is building, increasing the chances of an upward movement. In the coming time, it could...
Look for a series of higher highs and lower lows on the price chart.Connect the peaks and troughs with trendlines to form the megaphone pattern.Confirm the pattern by observing other technical indicators or chart patterns.Look for increasing volume...
