Market Behavior Analysis: The Implications of the 145.50 Resistance Level Understanding market dynamics is crucial in financial trading to make informed decisions. One essential concept to grasp is how price levels act as psychological barriers that...
USD/JPY Technically, USDJPY's next week may be dominated by bearish movements, as the last week was closed with a bearish weekly candle. As you can see from the daily timeframe pattern, the price is currently stuck at 148.80 for its decline; the...
Hammer candlestick pattern In a hammer candle, the opening, closing and high prices are located near each other creating a body at the top, while a long wick extends lower. The wick is usually twice as big as the body. Moreover, it can be helpful...
European Core CPI and Market Dynamics Despite no increase in the European Core Consumer Price Index (CPI), buyers have successfully crossed the 1.3415 level, indicating a breakout. According to the chart below, both bullish and bearish sentiments...
USD/JPY Technical Analysis The strength of the yen has increased due to interventions by the Bank of Japan and the overall weakening of the U.S. dollar. On the daily chart, a downward price movement is evident. According to the Elliott Wave Theory,...