Symmetrical Triangle Chart Pattern The Symmetrical Triangle chart pattern is a common technical analysis pattern used in trading and investing. It represents a period of consolidation in a financial instrument's price, where the market is...
EUR/JPY Technical Analysis Update September 15, 2024 In conducting this analysis, I used the help of indicators: Simple moving average period 150 60 period simple moving average MACD indicator (12,26,9) Relative Strength Index 14 indicator This week...
The USD/ JPY brace saw a sharp decline to near 145.00, driven by hawkish guidance from Bank of Japan Governor Kazuo Ueda. Ueda reiterated the need for the BOJ to raise interest rates further this time, stressing that the central bank wo n't...
EURJPYUntil the end of the week trading session the request structure was seen to still be moving down. The request that has been dominantly moving towards a bearish trend since a many weeks ago still does not feel to be over. This month the price...
USD/CAD ANALYSIS D1 period chart USDCAD currency pair. The wave structure is building its order downwards, the MACD indicator is in the lower sales zone. Now there is uncertainty here since the price is simply squeezed between the levels. The...