The USD/JPY currency pair has several important resistance and support levels that traders should closely watch. Currently, the high resistance level is 157.13, with another significant resistance at 155.76. These levels have proven to be strong...
Fundamental Analysis Monday's oil prices are expected to rise somewhat despite no significant news stories pushing up costs. While traders are assessing and projecting how the switch to electric vehicles would affect demand in the medium to long...
Gold Price Analysis: Key Insights From The H1 Chart Today, the gold market witnessed some interesting movements. Initially, there was a bullish trend; however, this was short-lived as the price experienced a significant drop. Our H1 chart clearly...
The Euro dropped against the Japanese Yen on Friday due to a combination of political and economic factors. In France, the centrist Ennahda Party, facing low approval ratings after unpopular reforms, announced snap elections fearing a far-right...
I highlighted the 1.0710 level in my morning forecast and planned to make entry decisions based on it. Let's look at the 5-minute chart and see what happened there. The rise and formation of a false breakout at that level gave a signal to sell the...