GBPCHF H1 Today, I was slapped by the fact that EURAUD was moving bearish instead of bullish. Again, the technical analysis that I relied on yesterday gave an unfavorable signal. It seems that the market is still dominated by sellers who are pushing...
I fully admit that yesterday’s accumulation will result in a sharp northern exit. As I have said many times, I plan to monitor the resistance level at 79.96 or the resistance level at 80.62. Near these resistance levels, two scenarios can unfold....
The US dollar is on a roll against the Japanese yen, nearing the level that triggered intervention by Japanese authorities just a couple months ago. This climb comes despite weak US housing data, as a preliminary economic indicator pointed to...
EUR/JPY/H1 The recent price action on the EUR/JPY pair indicates a strong bearish trend. It is likely that the price will decline by another 140 points, reaching the support level on the daily H1 timeframe chart at 168.720. Once this level is hit,...
USD/JPY CURRENCY PAIR ANALYSIS: The price initially declined from the 157.60 support level but subsequently bounced back, indicating a brief recovery. However, despite this rebound, the price appears to be stalling and is now testing the critical...