Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
The USD/JPY market experienced a turbulent day, with buyers unable to recoup their losses, driving the price down to approximately 155.26. This suggests a shift in momentum towards the sellers, making a buy order on USD/JPY more advantageous than...
Hello everyone, I will be discussing the trend of the GBPUSD currency pair. The GBPUSD pair ended the trading week with a bullish candle, showing signs of bullish momentum. On the daily time frame, the currency pair has been in a clear uptrend,...
USD/JPY D1 ANALYSIS. Prices for the USD/JPY currency pair change. A sustained decline could be sparked by a false breakout at 157.71. Assuming the cost drops from the 157.71 territory, the center movements to arriving at the 155.31 territory. A...
The Euro is facing a perfect storm of bearish pressure, weakening against the US Dollar and falling below a key support level. This decline comes amid heightened political uncertainty in Europe, particularly in France, where upcoming legislative...