NZDUSD Daily Outlook The daily chart of the NZDUSD pair shows an interesting price structure with a clear transition from a continuous decline phase to a reversal phase. Initially, the price moved within a clearly defined downtrend channel (marked...
GBPJPY Daily Forecast The daily chart of the GBP/JPY pair presents an interesting technical picture that reflects the transition from a long-term decline to a potential decline. First, the pair is trading within a downtrend channel characterized by...
EUR/USD Technical Outlook: EUR/USD has been stuck in a consolidation phase, hovering between 1.0920 and 1.0980. The 200-day SMA around 1.0950 is acting as a key pivot level, and right now, momentum looks neutral. The RSI is sitting near 52, showing...
This week has seen no significant changes in the market. The prevailing trend continues to favor a downward movement, as indicated by the recent performance of currency pair quotes. Notably, the quotes have dipped below the psychological level of...
USD/JPY Technical Analysis: USD/JPY is hovering around 147.50, struggling to clear the 148.00 resistance. I have been watching a descending trendline forming on the 4-hour chart, and unless we get a clean breakout above 148.00, the pair might stay...
