The EUR/JPY pair experienced a short-lived rally, reaching a weekly high before encountering selling pressure and retreating. This decline coincided with a strengthening of the Japanese Yen, driven by several factors. First, comments from Bank of...
The pair retreated below the 1.0960 mark on Monday as market sentiment shifted towards a risk-on stance. This movement came after the release of the US Producer Price Index (PPI), which bolstered expectations for the Federal Reserve's (Fed) next...
XAU/USD: A Technical Overview: Our discussion will revolve around the current price action of gold. This week, XAU/USD has encountered selling pressure as investors reconsider the likelihood of a 50 basis point rate cut by the Fed in November. The...
Moving Average Convergence Divergence Indicator (MACD) The Moving Average Convergence Divergence (MACD) indicator is a popular technical analysis tool used by forex traders to identify potential buy and sell signals based on momentum and trend...
USD/ JPY Price Activity Our topic of discussion is the analysis of the USD/ JPY currency pair's price movements. An upward impulse on a very strong volume indicates that the bulls have big plans. Today, there is a small correction, which can reach...