Hello EUR/USD mark has previously acted as a significant support area, and if the Euro breaks below this level, it could signal the formation of a stronger bottom. On the flip side, if the market recovers, the 1.12 level will act as resistance....
T E C H N I C A L _ A N A L Y S I S U S D / J P Y Hello, my best traders and moderators. Today I will discuss the USD/JPY price movement in this time frame chart. If we take a quick look at the chart of USD/JPY, the USD/JPY is trading at 142.18 at...
The price is within an inverted triangle. Earlier today, it dropped to the lower boundary of this triangle, reaching 0.8242 before reversing upward. The pair will likely continue climbing, potentially reaching 0.8488. Once it hits this level, a...
The USD/CHF currency pair continues to trade within a well-defined range, exhibiting a sideways trend. Given the principle that "the trend is your friend," it is likely that this rangebound pattern will persist for some time. Currently, the pair is...
USDJPY I am looking at the dollar yen pair on the hourly chart. There was a downward trend channel here, then when the lower boundaries of the trend channel were broken, there was volume from the buyer. That is, the lower boundaries were broken,...