Technical analysis of the USDJPY pair The technical analysis of the pair on the 4-hour chart shows the price trend towards the weekly pivot level, which is expected to determine the next price trend. Tracing the previous price movement, trading...
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The USD/JPY H4 chart illustrates a clear downtrend, as indicated by the declining price action and the price consistently trading below the red moving average, which appears to be the 50-period SMA. This moving average has acted as dynamic...
A Hammer candlestick has a small body near the top of the candle, a long lower wick (at least twice the body length), and little to no upper wick. It forms during a downtrend and signals potential bullish reversal, as the long wick indicates...
H-1 Chart Technical Outlook AUD/USD The AUD/USD currency pair continued to trade in a fairly narrow range during the daytime session. The pair is currently near the closing levels of the previous weekly session. The strengthening of the US dollar...
