Trading Strategy for USD/JPY Hello everyone! Today, I am focusing on the USD/JPY currency pair. After analyzing recent market movements, I’ve decided to implement a trading strategy based on the price action from the previous days. Let's break down...
USDJPY currency pair - we will consider the D1 period chart today in the middle of the week. 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...
EUR/USD Technical Analysis and Forecast The EUR/USD market is currently in an uptrend and is trading near 1.04610 on the H1 chart. The market recently tested the 100 Exponential Moving Average (EMA) and the 20 Simple Moving Average (SMA), confirming...
It seems like there is an attempt to go up and reach the level of the current local maximum at 1.05326, without a thorough breakout and consolidation behind it, nothing special will shine for buyers. The entire growth can be easily leveled, and...
Trading With Megaphone Chart Pattern The Megaphone pattern is a technical chart formation characterized by increasing price volatility over time. It features higher highs and lower lows, forming a shape that resembles a megaphone or broadening...
