Technical Analysis of Foreign Exchange USD/JPY The Japanese yen rose against the US dollar in the middle of the trading week after the Bank of Japan raised its benchmark interest rate by as much as 25 basis points. The monetary authorities also...
At the beginning of the week, I suggest looking at the H4 chart - the EURUSD currency pair. Last week, the price initially fell quite sharply, then stopped and formed an accumulation zone. A downward cycle has occurred, which is called two legs,...
AUD/JPY M_5 Good morning colleagues, analysis of AUDJPY pair on M5 time frame is ready. I think many people have used it at some point, or at least heard of the RSI indicator twice. The period used is fourteen. This indicator has long been my loyal...
A Pennant pattern is a notable shape that appears on financial charts, helping traders predict what might happen next. "It's like a flag waving, signaling a brief pause before the trend continues. Imagine a significant price movement, followed by a...
The Australian dollar (AUD) experienced a slight decline against the US dollar (USD) following the release of trade balance data on Thursday. While the June trade surplus exceeded expectations, it was still lower than the previous month's figure....