Currency pair EURJPY - today we will consider the chart of the D1 period. The wave structure here has a descending character. After the last wave of decline updated the minimum of the previous one at the beginning February, the third wave went down....
AUDJPY Analysis The Australian dollar has fallen from a seven-month low of 91.80 against the Japanese yen (AUDJPY) and is showing signs of recovery despite remaining within the downtrend channel that has formed over the past two months. This...
Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
I observe that the USD/JPY H4 chart is currently navigating a critical juncture following the recent breakout above the resistance at 148.12, a level that previously marked the upper boundary of the second zone. I believe this breakout is...
USD/CAD on the Move: What’s Driving the Action Today(March 12,2025)? Trade War Flares Up, Shaking the Canadian Dollar Tensions are rising again after the U.S. doubled tariffs on Canadian steel and aluminum, sending shockwaves through the markets....
