The EUR/JPY H4 chart indicates the market price is in a downtrend, guided by a descending trendline. The price recently broke below the support area, driving it lower. However, it has now reclaimed the 157.90 resistance level, which could be a new...
The US Dollar continues to gain strength, driven by market expectations regarding the Federal Reserve’s monetary policy. The US Dollar Index (DXY) has surged to around 106.40, reflecting strong demand for the greenback. Traders are growing...
Date: 4th December 2024. Australian Dollar Dives To Significant Support Level! The decline is largely due to the Gross Domestic Product which rose from 0.2% to 0.3%, but fell short of the 0.5% which traders were expecting. Last Thursday,...
USD/JPY Price Activity Through a review of the 4-hour time frame chart, we can observe more clearly what is happening in the movement of the USDJPY currency pair. We need to start the analysis by looking at the history of the movement of the last...
The Spot price took a significant hit during Wednesday's session, falling to 0.6410, as concerns over China's economic outlook spooked investors. The decline came after a leading Chinese official failed to provide specific details about the...
