I am focusing on the weekly timeframe today, where I see a potential descending channel, with the price currently sitting at its upper border. I believe today will reveal whether the price breaks out of the channel upwards or remains within it. I...
Price Action Price action refers to the movement of a security’s price over time and is a fundamental concept in technical analysis. It is the study of historical price movements to predict future market behavior without relying heavily on lagging...
EUR/JPY H4 Time Frame Analysis Forex trading charts are essential tools for understanding market trends and price movements. In this analysis, we will explore the EUR/JPY H4 time frame chart, which incorporates trend lines, moving averages, and the...
The USD/CAD pair on the H1 timeframe is demonstrating a clear bullish trend, characterized by a consistent pattern of higher highs and higher lows. This upward momentum is supported by the price trading firmly above key moving averages, reflecting...
USD/JPY Weekly Forecastrice Outlook The USD/JPY market had a downward trend the previous week, but a notable rebound occurred on Friday, hinting at potential market shifts. The USD/JPY market closed below the key resistance level of 156.50 on the...
