The Australian Dollar (AUD) has seen some strength recently, partly due to the stability in interest rates, which has bolstered investor confidence. However, the currency pair (likely AUD/USD) is facing challenges in breaking through the 0.6600...
USD/JPY Hourly Analysis and Selling Strategy As of now, the USD/JPY currency pair, with a one-hour timeframe, is trading at approximately 146.440. In today's market environment, my analysis indicates that selling is the more favorable strategy. I...
The Counterattack candlestick pattern is a reversal pattern indicating a potential change in the market direction. It typically occurs at the end of a trend and consists of two candles: a strong candlestick in the direction of the trend followed by...
USD/JPY Technical Analysis and Short Trade Strategy For the USD/JPY currency pair on the H1 (one-hour) timeframe, I believe that initiating short trades is currently the most prudent approach. Here’s why I consider short positions to be relevant...
Good Evening, everyone, and welcome to today's live trading discussion. Yesterday, the USD Index closed with a bearish momentum, dropping from 102.45 to the 101.80 level. This downward trend appears to be persisting, as the USD Index now...