Good day, everyone! The downward slope of the linear regression channel indicates the strength of the sellers, who are aiming for the 2313.63 level. Movement is likely to slow down at this target level. Due to the weakening caused by the current...
GBPJPY H4 The UK GDP will help the buyers to cross the 200.76 zone in the coming hours. Yesterday, the UK Prelim Count Changes and Average Earnings were also better than expected and supportive for the buyers. As a result, I expect that the market...
NZD/USD CURRENCY PAIR ANALYSIS: The NZD/USD pair has been showing some interesting movements lately. I have been keeping a close watch and noted that I am only considering buying if the pair goes below 0.60950. Until that happens, my primary focus...
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...
USDJPY ANALYSIS 02 JUNE 2024 The USDJPY pair is trading in attempts to develop a bullish direction. But, while there is no good shot, it is too early to talk about medium-term purchases. This scenario is confirmed by the Trend line, which lies at...