Technical analysis of XAUUSD Today I chose gold for technical analysis, the target market is currently in a downtrend, and the price is rising. Gold is currently at a support level; the price of gold rose from a support level in 2896 to a resistance...
Crude Oil Technical and Fundamental Analysis Technical Analysis In the H1 timeframe, crude oil prices are trending downwards as the market structure is bearish. The price action is forming lower highs and lower lows, confirming the downtrend. Crude...
USD/JPY After the bulls failed to push the price back above the 200-day moving average, I observed the bears taking control from the level of 149.69. I noticed that they managed to break through the intraday ascending support line and quickly drove...
The USD/JPY pair is currently exhibiting a bearish bias, and I believe the downward momentum could persist in the near term. I observe that the buyers' vector is not developing strongly, which increases the likelihood of further declines. I expect...
Looking ahead, I expect the bears to continue their downward push. I believe we are likely to see a breakout of the 161.8% Fibonacci level at 148.43. If this happens, I think the next target will be yesterday’s low of 148.11. I am closely monitoring...
