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...
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...
Crude Oil Price Trends Let's analyze the crude oil price behavior at present. After failing to breach the mirror resistance level at 80.78, oil started losing ground. Sellers have driven the price back to the moving averages, trading near the...
Hello all traders how are you? The EUR/JPY currency pair has shown recent interesting movements. It reached the pullback level of 168.50-168.75 but failed to break through, stalling between 168.20 and 168.64. This indicates strong resistance...
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