On the reverse trading, a breached and sustained consolidation above 1.2800 will invalidate my bullish bias, and change the outlook of the currency pair entirely. The Bulls are likely to take control if the pair manages to hold above this level,...
T E C H N I C A L _ A N A L Y S I S U S D / J P Y Hello forex traders, I hope everything is good with you and that you are having fun dealing. I want to analyze the USD/JPY price movement technically and fundamentally. USD/JPY is trading at 157.28...
The image is a technical analysis chart of AUD/CAD on a 4-hour timeframe. Here’s a detailed breakdown of the key elements and potential implications: ### Key Elements: 1. **Support and Resistance Levels:** - **Resistance Levels:** - 0.93597 -...
Gold Price Analysis Expected Scenario Yesterday, the price of gold experienced a small upward movement, but as of today, it has started to decline again. This decline is influenced by the negative signals coming from the stochastic indicator, which...
WTI Oil Prices Increase Due to Expectations of Higher Summer Fuel Demand: The price of West Texas Intermediate (WTI) crude oil has increased recently because people expect more demand for fuel during the summer. As the weather gets warmer, more...