I believe the current growth pattern suggests that a downward correction is inevitable, as the momentum appears unsustainable. I think the market is approaching a critical juncture, and the recent price action indicates that a reversal might be on...
Currency pair EURJPY - D1 period chart. The wave structure here is descending. After the last wave of decline updated the minimum of the previous one at beginning February, the third wave went down. The MACD indicator is in the lower sales zone, but...
TRADING CHART ON GBP/USD H1. Here's our daily look at the GBP/USD, which is now around 1.2919. To trade currencies well, it's important to know about supply and demand. Key price levels to watch are 1.2875 and 1.2692 for demand, and 1.2990 and...
EURJPY Analysis The EUR/JPY daily chart shows a significant break of the extended descending channel, suggesting a potential change in market sentiment. The currency pair has been trading in an unusual bearish trend for several weeks, with price...
As I analyze the weekly timeframe, I observe that the EUR/USD pair has been trading within a wide, southward-sloping price channel for the past two years. I note that this sideways channel has remained intact, with no significant breaks, indicating...
