The Australian dollar weakened slightly on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong Chinese numbers support Aussie? Good news came out of China on Friday, highlighted by...
USD/JPY: Simple Trading Tips for Beginner Traders January 17 (US Session) Analysis and Trading Tips for the Japanese Yen The test of the 155.56 price level coincided with the MACD indicator just starting to rise from the zero mark, confirming the...
Markets under pressure: What do China GDP numbers and US unemployment mean? Slowing amid optimistic expectations US stocks faced a wave of corrections on Thursday after an impressive jump the day before. Investors cautiously analyzed fresh economic...
GBPUSD TECHNICAL ANALYSIS Today I will use the H4 timeframe to read the trend direction and apart from that I will use the 12 period Moving Average Indicator and also the 20 period Moving Average Indicator to read the ongoing trend direction....
USD/JPY Technical Analysis The USD/JPY currency pair has recently been on a downward trajectory characterized by lower lows in one 1-hour. This pattern indicates a bearish market structure. The pair trades below the 200-day Simple Moving Average...
