The EUR/JPY currency pair staged a rebound during the Asian trading session on Friday, recovering from the previous day's losses and trading near the 163.00 mark. This recovery has been primarily driven by the weakness of the Japanese Yen (JPY),...
Technical analysis of USDCAD Today I choose USD/CAD for technical analysis. The market price rises with the help of the trend line, but the market price breaks out of the channel and helps its price increase. After breaking out of the range, the...
Early Friday, European trading hours saw some sellers move the NZD/USD pair to around 0.5585. Due to increased anticipation that the US Federal Reserve (Fed) would proceed carefully with future rate decreases, the pair is still under selling...
USDJPY currency pair - D1 chart. It is clear how last week the bulls continued to push the price higher, but still ran out of steam by the end of the week. For over ten days in a row, the price has been sawing in a rather narrow sideways range at...
In my personal view, technical analysis remains one of the most reliable methods to gauge market trends, particularly for volatile pairs like GBP/JPY. Observing the provided chart, it becomes clear that the market has experienced a gradual downtrend...
