West Texas Intermediate (WTI) crude had a tough week with prices near the key support level of $67.50. This price point has been significant for several years, suggesting that value buyers may step in as the market nears this key area. But the...
The Cable gained strength against its major counterparts following the Bank of England's recent monetary policy announcement. As anticipated, the BoE kept interest rates unchanged at 5%, a decision largely influenced by the higher-than-expected core...
Welcome traders! As observed since September 10, the divergence between the price action and the Stochastic indicator suggests a potential rebound, although the overall bearish trend signals further downward movement. The bearish divergence the RSI...
Technical Analysis of USD/JPY Last trading week, the Japanese yen continued to move from moderate to weak, returning to its previous local maximums. Having consolidated above the level of 147.45, the price managed to recover and continue the initial...
D1 period chart - USDJPY trading instrument. MACD indicator is in the upper zone and is growing above its signal line. The descending wave structure has already broken. Earlier, the descending line and the horizontal resistance level of 145.00 built...