The current market conditions for USD/JPY suggest a clear downside bias, with technical indicators overwhelmingly supporting a bearish outlook. One of the primary signals reinforcing this bearish sentiment is the Relative Strength Index (RSI), which...
Market Fundamentals: Crude oil prices are consolidating the previous day's strong gains as investors anticipate that OPEC+ will announce an extension of supply cuts on Thursday. Additionally, escalating geopolitical tensions—particularly Israel’s...
USDJPY analysis Weekly Timeframe Analysis (W1) On the weekly chart, USDJPY is currently trading around 151.42, showing a strong bearish sentiment. The price recently faced resistance near 156.30 and has since retraced sharply. The key support level...
The USD/CAD pair dipped to around 1.4300 during Friday's North American session, driven by mixed labor market data from both the U.S. and Canada. Canada’s employment report outperformed expectations, with 76,000 jobs added in January, well above the...
US dollar apartment with markets confused what to do with the release of NFP. The unemployment rate, which becomes strong at 4.0%, limits the chances of more cuts in feeding than it is currently. The US dollar index (DXY) is trying to go back to...
