Around mid-day on Monday, the price was testing support at 2.1836, which is the closest lower resistance from Monday's opening price of 2.1888. This support is also close to the 200-hour exponential moving average (EMA 200 H1) at 2.1844. With the...
I still hold a bearish outlook for the EUR/USD pair, as the sell signal for a decline only formed by the end of last week. I believe this signal has at least until the end of the current week to play out. My primary focus is on the support level at...
I trade this pattern very actively with HFM and it consists of two candles: the first is a strong bearish (red) candle, and the second is a bullish (green) candle that opens below the previous close but closes at the same level as the previous...
USD/JPY Fundamental Analysis: Today, I’ve been closely watching USD/JPY as it continues to reflect the divergence between U.S. and Japanese monetary policies. The U.S. dollar remains supported by expectations of a hawkish Federal Reserve,...
EUR / JPY: An Hourly Time Frame Recommendation The market sentiment of EURJPY hit the 161.35 level the last time, indicating that the bulls are on the recovery track. This level represents a key point where the price found support, signaling that...
