USDJPY MARKET ANALYSIS On Friday (June 7), the US dollar index rose sharply, with USD/JPY rising 0.6% to 156.64. As of the early Asian trading stage on Tuesday, USD/JPY was still in a slow and small recovery, with the latest quotation at 157.15....
USD/JPY H-4 Timeframe Analysis: The middle of the week sawed back and forth, but on Friday a package of important news came out in the US and the price rushed up. As a result of this news in the US, the price shot up sharply, however, not only did...
The chart you have provided is a 4-hour chart for the USD/CAD currency pair. The annotations indicate a trading plan that involves both short and long positions based on specific price levels and patterns. Here's a breakdown of the trading plan...
EUR/USD Analysis Following the release of nonfarm payroll data on Monday, the US dollar (USD) continued its strong rally, sending the EUR/USD pair into negative territory and falling to a five-week low in the 1.0735-1.0730 range. However, after...
USD/JPY Price Analysis: Steadily Bullish Performance Earlier in this trading week, the Japanese Cabinet released the country’s latest GDP data. The numbers were not encouraging. The Cabinet stated that Japan’s GDP growth contracted by 0.5%...