The chart shows a period of price consolidation followed by a directional move. Initially, the market displayed a sideways trend with fluctuating highs and lows, indicating indecision among traders. However, the red line, which represents the...
The EUR/JPY daily chart indicates that the pair recently hit a high of 163.80 in November, breaking the upward momentum line. The 100-SMA is hovering around 164.00, closely tied to jobless data. Given these levels, the next move will likely test the...
EUR/USD Technical Analysis: This week, the EUR/USD seems to be consolidating after last week’s fluctuations. On the daily chart, I’ve noticed the pair trading below the 200-day moving average, around 1.0850, which keeps the bearish sentiment...
Technical Analysis of Crude Oil: 4-hour chart: If we look at the price of crude oil, the market is moving down in the 4-hour time frame, and if we look at its internal structure, the market structure is also in sales. It follows the market...
Technical Analysis Eurusd H1 Time Frame On the H1 map, the EUR/ USD brace is presently witnessing a downcast correction, sitting at 1.0570. According to the Instaforex index, buyers have a slight advantage at 56.90, and the trend index MACD is...