USD/JPY To better understand USDJPY, we first determine the main trading range, which for the last month has been 157.59-154.58, and this is exactly between the start level of the Bank of Japan’s last intervention and the closing level of this...
USD/JPY Technical Analysis: Bullish Momentum Points to Further Gains The USD/JPY currency pair is currently trading around the 157.98 level, displaying robust bullish momentum on the daily (D1) chart. This upward trend has been consistent since the...
AUD/ USD Price Summary I will examine the dynamic pricing behavior of the AUD/ USD currency pair in real time. Buyers failed to hold above the 61.8% correction level between the 0.6575 to 0.6703 wave, resulting in a break below it, suggesting...
What is Market Depth Profile? Detailed Components of Market Depth Order Book Structure: Top of the Book: This shows the best bid and ask prices (highest bid and lowest ask) along with the quantities available at those prices. Depth of the Book:...
USD/ CHF Price Trends I am studying the ongoing USD/ CHF currency pair price action. The daily chart of the USD/CHF currency pair indicates a downward trend. Last week's price movement confirmed resistance at the 0.8982 level, resulting in a pin bar...