In my personal view, technical analysis remains one of the most reliable methods to gauge market trends, particularly for volatile pairs like GBP/JPY. Observing the provided chart, it becomes clear that the market has experienced a gradual downtrend...
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...
#Bitcoin chart analysis I open the daily chart for Bitcoin and notice that the ascending price channel was formed earlier. I can see that within this channel, Bitcoin traded from the 90,000 level to the 108,000 level, which became a new local high....
USDJPY currency pair - D1 chart. It is clear how last week the bulls continued to push the price higher, but still ran out of steam by the end of the week. For over ten days in a row, the price has been sawing in a rather narrow sideways range at...
The Australian dollar is under relentless pressure and has fallen significantly in recent weeks as one of the weaker performing currencies. This declining momentum is not surprising given the current global economic climate. The Australian dollar...
