I am currently analyzing the NZD/USD currency pair with a focus on potential long positions. My preliminary trading idea is to enter at 0.5710, targeting 0.5778. I am using the Ichimoku indicator to confirm this strategy, as it provides a...
USD/JPY Technical and Fundamental Analysis Technical Analysis USD/JPY is currently in a downtrend on the H1 timeframe, with the price facing strong resistance at 148,300. The market has attempted to break this level but failed, suggesting that...
USDJPY Technical Analysis USDJPY is in a strong uptrend, trading well above the 150-period moving average. The price recently broke out of a bullish flag pattern, confirming the continuation of the uptrend. The volume profile indicates a strong...
USDJPY currency pair let's examine the D1 timeframe chart today. So far this week, there have been no changes. Last week, the price primarily decreased due to a weakening US dollar, while the euro and pound showed significant gains. The uptrend...
Forecast of NZDUSD On the H4 time frame chart, the NZDUSD trading activity seems to be in the range zone; however, I saw erratic movement in the final candle, which is a significant bearish pin bar. We cannot take the chance of selling it based on...
