Bollinger Bands Bollinger Bands are a popular technical analysis tool used in forex trading to measure market volatility and identify potential trading opportunities. They consist of three lines: Middle Band (SMA) – A simple moving average (usually...
AUDUSD Daily Forecast AUD/USD is currently trading around 0.63347 and is showing a strong recovery from the recent decline. The price has broken above the lower Bollinger Band and consecutive green candles indicate that buying pressure has increased...
EUR-JPY PAIR ANALYSIS Given the current conditions, there are several scenarios that can be considered for entry positions. If the price remains above the nearest support of 160,624 and shows bullish signs such as a candlestick reversal or a small...
USD/JPY trades heavy despite expanding the differentials of yield Unchanged wages are built large because traders focus on unemployment. Mixed signals in the data have been seen jerky trade, focus on unemployment Summary USD/JPY remains strongly...
GBPJPY Analysis The GBP/JPY pair is currently showing strong momentum above the descending triangle formation. The price broke the 190.00 resistance level and is currently trading at 192.29. This increase indicates a revival of buying interest and a...
