Analysis of transactions and tips for trading USD/JPYThe test of 151.47, coinciding with the rise of the MACD line from zero, provoked a buy signal that led to a price increase of around 30 pips.Strong manufacturing activity in the US let buyers break out...
6 months agoAnalysis of transactions and trading tips on USD/JPYNo price tests occurred in the pair. FOMC members will speak today, and their position may help dollar and resume the upward movement, which stalled around the yearly high. Data on manufacturing orders,...
6 months agoThe euro is trading around 1.0747, above 0/8 Murray, and inside the downtrend channel forming since March 8. On the H4 chart, we can see that the euro reached the bottom of the downtrend channel around 1.0720 and from that level, it is bouncing and is lik...
6 months agoAnalysis of transactions and trading tips on USD/JPYFurther growth became limited as the test of 151.40 coincided with the sharp rise of the MACD line from zero.Dollar bulls took advantage of the morning dip, but everything could change upon the release o...
6 months agoGold reached a new high around 2,354.14 during the European session. Since the market opened this week around 2,323 due to strong volatility and low liquidity, gold rose in a few hours to 2,254.Although Friday's Non-Farm Payrolls data was favorable for th...
6 months agoEUR/USDAnalysis:On the chart of the European currency, the direction of price fluctuations since September of last year sets a descending wave algorithm. The wave structure forms a horizontal corrective plane. Extremes on the chart create a "pennant" patt...
6 months agoAnalysis of transactions and tips for trading USD/JPYThe test of 151.52, coinciding with the rise of the MACD line from zero, provoked a buy signal that led to a price increase of around 25 pips. Dollar's consolidation above the level of 151.50 indicates...
6 months agoUS Consumer Price Index – CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the de...
6 months agoEUR/USD is trading around 1.0832, within the downtrend channel formed on the H1 chart, and around the 21 SMA. We can see that the euro is above the 200 EMA. It means that there could be a sharp break of this channel and EUR/USD could continue its rise and...
6 months agoThe British pound is trading around 1.2625, consolidating for several hours around this area and forming a symmetrical triangle pattern. This pattern could give us a clear signal in case of a breakout.If this scenario occurs, we could look for opportuniti...
6 months agoEUR/USD pair is trading around 1.0852, below the strong resistance of 4/8 Murray located at 1.0864, and below the 21SMA located at 1.0859 showing signs of exhaustion.On the H1 chart, we can see the formation of a symmetrical triangle pattern which makes u...
6 months agoGold is trading around 2,348, bouncing after having reached a daily low of around 2,338. Yesterday during the European session, gold reached a new high at 2,365 and from this level, it made a technical correction. However, the bullish force is still preva...
6 months agoGold is trading around 2,346.43, retreating after reaching a new high of 2,365.54. This area below 2,375 is considered strong resistance since there is 6/8 Murray, a weekly and monthly resistance.A strong technical correction is expected to occur in the n...
6 months agoETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we a...
6 months ago