Based on the H4 chart, USD/JPY is maintaining a bullish structure after recovering strongly from the sharp decline that occurred at the end of April. The price is currently trading around the 160.18 area and remains above the red moving average,...
The USD/CAD pair is trading near multi-month highs this Tuesday morning, holding around 1.3958. The greenback’s strong bullish momentum is being sustained by diverging central bank policies and shifting commodity prices. Recent interbank liquidity...
The Eurozone Trapdoor: EUR/USD Teetering at the 1.1510 Channel Floor Following Stellar US NFP Outperformance The EUR/USD currency cross staged a modest, highly corrective bounce during Monday's Asian trading session, stabilizing around the 1.1530...
At first glance, AUDUSD H4 looks exhausted after a very aggressive selloff. The market dropped from the 0.7170–0.7190 area and lost several support levels without much resistance from buyers. Right now price is trading around 0.7045, sitting...
TECHNICAL ANALYSIS OF USD/JPY PAIR. The USD/JPY pair on the H1 chart reveals a decisive bearish shift following a prolonged consolidation phase near multi-month highs. From early May, price action hovered tightly between 160.200 and 160.645,...
