On Monday, the spot price hovered defensively around 148.50 during US trading, reflecting cautious sentiment toward the US Dollar due to dovish signals from the Federal Reserve. While the pair remained relatively stable, market participants were...
In yesterday's trading session, the AUD/JPY market was completely dominated by sellers. Over the past few weeks, it has become increasingly clear that sellers have taken control of the market, and their strength has been growing with each passing...
The support level for the currency pair is currently around 1.3650, which marked the point where the pair began to rise, leading to a decline in the euro. Given the historical performance and market movements, the pair is trailing behind where it...
WHAT IS A HARAMI CANDLESTICK? A harami candlestick is a pattern I frequently look for in my technical analysis when trading, especially on Japanese candlestick charts. The term "harami" comes from the Japanese word for "pregnant," which perfectly...
The pair could also retrace toward 1.0945, where resistance was seen yesterday. Alternatively, we might see a deeper correction, pushing the price back to the 1.0880 level, which was not thoroughly tested during yesterday's session. In either case,...