The chart depicts a trend line (short-term) with shaded confidence intervals over a date range from May 15, 2024, to July 1, 2024. Here is a detailed description and analysis of the chart: ### Description: 1. **X-Axis (Date)**: - The x-axis...
#USDJPY (US Dollar / Japanese Yen). I propose to make money using a forecast for a currency pair/instrument on the H1 timeframe. To do this, we will try to find the optimal entry into the transaction so that it brings us a good profit. First, in...
WHAT IS PIVOT POINT IN FOREX TRADING Pivot points are a popular technical analysis tool used in Forex trading to predict potential support and resistance levels. They are calculated based on the previous day's price action and are used to identify...
* USDJPY: Bullish above the psychological level of 157.00, targeting the levels of 158.00, 158.60 and 159.00 * Bearish prospects below the level of 157.00 with potential targets at 156.50, 156.00 and 155.60 ...
NZDUSD H1 The NZD/USD currency pair on the weekly timeframe has shown a significant rise in value. Recently, the pair managed to break through an important resistance level of 0.61669. This breakthrough then triggered additional upward momentum,...