The USDJPY currency pair closed at 152.30 today, and with the market being closed on Saturday, we can analyze the current trends and potential movements for the upcoming week. Recently, there has been a noticeable downtrend in the value of the...
Support and Resistance In forex trading, support and resistance are key concepts used to identify potential price reversal points. These levels help traders make informed decisions about when to enter or exit trades. Here's a breakdown of each:...
Forecast of Crude Oil The price of Crude Oil has been in a bearish trend for the past few trading days, as it has been lingering below the 50 EMA line. Crude Oil tested the 70.49 support level during last week's price decline, and the price...
Gold Analysis Profit-taking led to a significant decline in gold prices on Friday, February 14, despite forecasts suggesting the potential for a seventh consecutive week of gains. At the time of writing, spot gold had dropped 1.53% to $2,882.39 an...
USDJPY Technical Analysis USDJPY is currently trading around 152.37, showing signs of price consolidation after a recent bearish move. The 150-period moving average (MA) is providing strong dynamic support near 151.63, while the Relative Strength...
