My dear, Looking at the broader W1 (weekly) chart of EUR/USD, it seems plausible that we are in the process of forming a downward cycle. The recent breakout and subsequent consolidation below the support level of 1.0448 suggest that the market could...
Greetings! How are you? As we know, Forex week is over, and the live Forex market is closed, and it will remain closed for two days. Now during this weekend we can analyze the market and prepare for the next trading week. So today I will try to...
General Points about NZDJPY: Similar to AUDJPY, the NZDJPY market is also quite consolidated, reflecting a period of indecision among participants. Consolidation indicates limited volatility and a lack of significant directional movement, which can...
EUR/USD Forecast: Looking for a Breakout The euro initially fell a bit against the US dollar during the trading session on Thursday as Thanksgiving would have caused a little bit of liquidity problems in the market. That being said though, we have...
Short-Term Correction and Recovery Bitcoin recently experienced a minor pullback, forming a Doji candlestick on the hourly chart, indicating indecision in the market. Following this, the price retraced to key moving averages (black and red), briefly...
