Today, I would like to analyze the USD/JPY currency pair from a daily timeframe perspective. Recent price action indicates that bears have continued their downward trend within their territory, but the price is currently hovering around a...
EUR/USD Technical Outlook: EUR/USD has been stuck in a consolidation phase, hovering between 1.0920 and 1.0980. The 200-day SMA around 1.0950 is acting as a key pivot level, and right now, momentum looks neutral. The RSI is sitting near 52, showing...
NZD/USD Outlook Greetings and Good Morning, guys! On Friday, we saw a bullish scenario on NZD/USD in which the market had crossed the 0.5706 zone successfully. This breakout signaled strong buying momentum, indicating a shift in market sentiment...
Technical analysis of USDJPY Today I choose USD/JPY for technical analysis. USD/JPY market price is currently falling. The dawn trendline is helping push the price lower. So this time the market price is falling with the help of the trend line....
The pair has been trading within a green range, where selling volume was notably present. I assumed that the pair would move slightly lower, and the volume eventually pushed it out of this range. The pair reached the resistance level of 0.57533, but...
