I am currently analyzing the NZD/USD currency pair with a focus on potential long positions. My preliminary trading idea is to enter at 0.5710, targeting 0.5778. I am using the Ichimoku indicator to confirm this strategy, as it provides a...
Traders often use engulfing patterns in combination with other technical indicators to confirm potential trend reversals. It's important to note that while engulfing patterns can be powerful signals, they are not infallible, and other factors should...
The Japanese yen found itself under continued selling pressure against a resurgent U.S. dollar during Wednesday's early European trading session. Despite this, the yen's decline was tempered by growing expectations of a hawkish stance from the Bank...
The EUR/USD 4-hour chart highlights a steady uptrend, with the pair currently trading near the 1.09050 level, just below the key resistance at 1.09200. Over the past sessions, the market has maintained a pattern of higher highs and higher lows,...
USDJPY Technical Analysis USDJPY is in a strong uptrend, trading well above the 150-period moving average. The price recently broke out of a bullish flag pattern, confirming the continuation of the uptrend. The volume profile indicates a strong...
