Technical Analysis of Forex Dollar Yen The USD/JPY pair saw a sharp decline to near 145.00, driven by hawkish guidance from Bank of Japan Governor Kazuo Ueda. Ueda reiterated the need for the BOJ to raise interest rates further this year, stressing...
Crude Oil trades substantially lower after several headwinds emerged on Tuesday. The Libyan outage is set to be resolved, while recession fears in China and Europe weigh on the demand outlook. The US Dollar Index trades above 101.00 ahead of the US...
A Deep Dive into AUD/ USD Prices The analysis of the price behavior of the AUD/ USD currency pair is up for discussion. After analyzing today's daily candle, the bearish trend might lead to a deeper correction than initially anticipated. If I had...
The Japanese yen (JPY) continued its upward trajectory against the US dollar (USD) following the release of banking sector PMI data on Wednesday. While the services sector remained in expansion for the seventh consecutive month, the data was...
Monthly chart There is also a good zone for a decline in the four-hour time frame at the level of 0.673, which meets the 38.2 Fibonacci level at this order block, which supports the bearish movements from this area. But it is before the order block...