The GBP/JPY currency pair is currently exhibiting sideways movement within a channel. If the price breaks down from this range, it could present a lucrative trading opportunity. Additionally, the RSI (Relative Strength Index) is showing divergence,...
I am glad to hear that the NZD/USD trade has been going well. I have decided to close my long position after the price updated the previously formed high, even though I recognize that the price could continue to rise until the market closes. I feel...
This week, I observed that the bulls successfully broke through the significant level of 0.6330, which has now opened up new operational space for further growth. I believe this is a critical development, as it sets the stage for potential upward...
USDJPY currency pair - D1 chart. The wave structure still has an ascending character of construction, but the MACD indicator is in the lower sales zone and below its signal line. Here you can see how at the end of last January the price was fixed...
US Dollar Weakens After Producer Price Data Release The US dollar has been exhibiting a relatively stable or sideways movement recently, largely due to the absence of significant external influences. Recent trends indicate a decline in the dollar's...
