The EUR/USD currency pair, one of the most traded forex pairs globally, is presenting an intriguing scenario today. On the surface, there appears to be a downward bias, suggesting a bearish sentiment in the market. However, a closer examination of...
Analyzing USDJPY through Fibonacci numbers provides a structured method for identifying trading opportunities and forecasting price movements. By applying a Fibonacci grid to yesterday’s trading data, you can pinpoint crucial levels for technical...
Technical analysis of the USDJPY pair On the 1-hour chart of the pair, the price is given a good opportunity to rise now, as the price receives support from the price channels as well as the weekly level of 143.56 The price started trading today...
Technical Analysis of Foreign Exchange Dollar/Yen The Japanese yen continued its sharp gains, jumping to 141.68 yen per dollar, its highest since early January 2024, amid bets that the Bank of Japan will raise interest rates further in the coming...
In gold, buyers tried to push the price north yesterday to test the nearest resistance level located at 2392.965 according to my analysis. However, failing to reach this resistance level, a pullback occurred, resulting in a bullish candle with a...