EUR/JPY TECHNICAL ANALYSIS: On the EUR/JPY H4 time frame, we can see that the market remains heavily skewed in favor of sellers, with bearish momentum firmly dominating the overall trend. Over the past several sessions, the pair has been...
NZD/USD OUTLOOK ANALYSIS: On the NZD/USD H4 time frame chart, the currency pair has been exhibiting noticeable bearish movements over the past few sessions, forming a distinct downward trend. The price action has been characterized by the formation...
An upward engulfing pattern indicates that buyers are still in control, at least in the short term, and there could be further upward movement before any significant reversal takes place. This suggests that any potential southern reversal might not...
TRADING CHART ON USD/CAD H4. The USDCAD pair's previous downtrend, which broke through the support level (S1) of 1.3448, appears to have lost momentum as it halted at the low price of 1.3419. The price has now bounced back up and may impulsively...
The GBPAUD pair appears to be experiencing a weakening bullish trend. The price failed to rise above the resistance level (R1) 1.9642 despite the upward movement above the two Moving Average lines. Instead, the price dropped after reaching the high...