Forecast of USDCHF Daily time frame chart outlook: The price of the USDCHF was trading below the moving average lines on the daily time frame chart, but last week it touched the trend line that I had indicated in the accompanying diagram, which is...
Negative traders, often known as short sellers, have found a favorable environment due to the recent failure to maintain momentum above the 50-day Simple Moving Average (SMA) and the subsequent decline. The 50-day SMA is a widely observed technical...
The EUR/JPY (Euro to Japanese Yen) currency pair is currently trading at 1.7233 and has been showing a bearish trend. This indicates that the Euro is weakening against the Japanese Yen. The bearish trend in the EUR/JPY suggests that investors are...
Yesterday, after a minor dip, the EUR/JPY price reversed course and resumed its upward trend. This led to a new bullish candle forming above the previous day's high. As mentioned earlier, I expect the currency pair to test the nearest resistance at...
GBP/USD Analysis The GBP/USD exchange rate was trading around 1.2730, having dropped sharply during Asian trading on Tuesday. Market participants are eagerly awaiting the release of UK labor market data later in the day. Investors seem to be...