EUR/USD Technical and Fundamental Analysis Market Structure and Price Action Currently, EUR/USD is in an uptrend on the H1 timeframe, supported by a strong bullish market structure. The main support level is at 1.4700, while the middle support area...
Look for a series of higher highs and lower lows on the price chart.Connect the peaks and troughs with trendlines to form the megaphone pattern.Confirm the pattern by observing other technical indicators or chart patterns.Look for increasing volume...
The Australian dollar initially experienced a decrease, only to recover and show some recovery signs. However, compared to other important currencies, the Australian remains the weakest, and this relative fragility means that it often attracts less...
Analysis of NZDJPY on H1 Time Frame In the current analysis of the NZDJPY currency pair on the H1 (Hourly) time frame, we observe a prevailing downward trend. This trend is supported by several technical indicators, which indicate that the market...
Currency pair GBPJPY - let’s look at the D1 period chart today. The wave structure here is descending. After the last wave of decline updated the minimum of the previous one at the beginning February, the third wave went down. The MACD indicator is...
