The Japanese yen (JPY) experienced downward pressure against the US dollar (USD) on Tuesday, despite growing expectations of a more hawkish stance from the Bank of Japan (BoJ). Japan's economy demonstrated unexpected resilience, expanding at an...
GBP/JPY M_30 A good day for traders and analysts who monitor the price movements of the GBPJPY currency pair. In my analysis, I focus on price behavior relative to the moving average level of the Bollinger indicator. I also look at vertical volume...
The EUR/USD currency pair is currently displaying strong bullish sentiment, as evidenced by its trading behavior above key pivot levels across different time frames. The pair is trading above the monthly pivot level of 1.0827, which is an increase...
The Counterattack candlestick pattern is a reversal pattern indicating a potential change in the market direction. It typically occurs at the end of a trend and consists of two candles: a strong candlestick in the direction of the trend followed by...
Hello traders. How are you doing today? I hope you are doing well and enjoying your trading activities, as today is the second day of this trading week and today we have FOMC news ahead, which has a huge impact on the entire forex market and will...