Somehow the Euro buyers have completely lost heart, yesterday the price already tested the level of 1.04, it’s good that they didn’t consolidate below it, and this is despite the fact that the buyers actually need to break through the current local...
USD/JPY Daily chart: The USD/JPY market is in a downtrend, with the daily chart showing that the price is trading near 149.456. The market structure suggests a bearish trend as the price approaches the 149.300 support level. If this support is...
Hello. Buyers of the Euro do not seem to understand at all what can be done to start forming something more or less worthwhile upwards. They will not be able to break through even the current local maximum at 1.05326, plus we have been falling for...
NZDUSD Analysis The NZD/USD pair continues to post strong gains and reaches key resistance at 0.5780. The pair rebounded from recent lows and continued to climb above key moving averages. However, the price action has formed a rising wedge pattern,...
On the daily chart of the GBP/JPY pair, I observe that the pair is currently in a pullback phase following the upward movement that began on February 7 from a low of 187.051. I note that this upward momentum was relatively short-lived, lasting only...
