On Tuesday, the Japanese yen experienced a slight rebound against the U.S. dollar after reaching its highest level since October. However, the drop in the yen was limited due to expectations surrounding the Bank of Japan's (BoJ) hawkish stance. Amid...
The GBP/USD 4-hour chart currently exhibits a clear bullish trend, with the price trading around 1.2945. The next significant resistance level to watch is approximately at 1.3000. The upward slope of the 9-period Simple Moving Average (SMA) and...
Forecast of USDCAD The price of the USDCAD was hovering below the moving average lines for a few candles on the H4 time frame chart, but it has now been above the moving average lines for the last few candles. In the current candle, after the start...
Forecast of USDJPY Up until a few weeks ago, I thought the USDJPY price would keep rising because it was near the top resistance level of 161.89; however, after the USDJPY tested the price level of 151.88 and went through four trading weeks of range...
The chart presented is a USD/CHF price chart with Bollinger Bands and a Stochastic Oscillator (5,3,3) as technical indicators. The price action suggests a prevailing downtrend, as indicated by the overall downward slope of the Bollinger Bands and...
