USD/JPY technical analysis The yen has strengthened due to the Bank of Japan's interventions and the overall weakening of the greenback. A downward price movement can see on the daily chart. We are experiencing the corrective wave C phase by...
USD/ CAD The brace has halted its 11- day rally, now trading around the 1.3590 position during Friday's US session. The price set up support from advanced request sentiment, fueled by a stronger- than- anticipated recovery in US Retail Deals, which...
The EUR/ GBP brace endured a decline, falling to the bottom of itsmulti-month range at 0.8380. This downcast movement followed a former uptrend on Thursday, October 3, driven by commentary from Bank of England Governor Andrew Bailey. The brace's...
EUR/JPY technical analysis has been conducted on the H4 chart, using trend lines, indicators, and resistance and support levels to gauge the market's potential direction. Currently, the market is in an uptrend, moving toward breaking the resistance...
### Analyzing Market Behavior: The Case of 145.50 Resistance In the realm of financial trading, understanding market dynamics is crucial for making informed decisions. One key concept to grasp is how price levels can act as significant psychological...