I believe the chart represents a dynamic market with significant price fluctuations within a defined range. The price oscillates between approximately 94,000 and 101,000, showing clear levels of support and resistance. The green line around 94,000...
Technical analysis of GBPJPY Today I choose GBP/JPY for technical analysis; the market price is between 195.72 resistance and 192.15 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
Technical analysis of USDCAD Today I choose USD/CAD for technical analysis. The market price rises with the help of the trend line, but the market price breaks out of the channel and helps its price increase. After breaking out of the range, the...
Analyzing the GBP/USD hourly chart reveals a clear downtrend, emphasizing bearish momentum dominating the pair's movement from late December to early January. The price action displays lower highs and lower lows, a classic hallmark of a downward...
The US dollar surged against the Japanese yen amid widening interest rate differentials The US dollar strengthened significantly against the Japanese yen, largely due to widening interest rate differentials. As US interest rates rise, the dollar's...
