Hello all, If buyers manage to push the price above the 157.64 resistance, it could lead to further upward momentum. In this case, the next target for the USD/JPY pair would be the higher resistance level of 1.5123. Reaching this level would suggest...
AUD/USD currency pair, currently trading at around 0.6685, has been experiencing a bearish trend. This decline suggests a period of weakness for the Australian dollar (AUD) against the US dollar (USD). Several factors could be contributing to this...
Bear flag patterns are technical chart formations that signal the continuation of a downtrend in the forex market. These patterns are commonly used by traders to identify potential entry points for short positions, allowing them to capitalize on the...
The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...
The Pound Sterling showed resilience against the US Dollar in early Wednesday trading. This followed a report from the US Department of Labor indicating a slowdown in inflation rates across the United States. As investors awaited the Federal...