The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down 0.04%.
Japan’s nationwide CPI, which excludes fresh food, rose 2.6% y/y in March, down from 2.8% in February but higher than the market estimate of 2.7%. Core CPI has now...
'Playing' channel from December 2022 and price have tendency to go down but in first part of April will probably go up bewtween 1.080 to 1.085.
We have also the same squeezing triangle with the support in the middle of channel . .
The USDDKK pair is consolidating after it started a new Bullish Leg following the 1D Golden Cross formation. The long-term pattern is also a Channel Up and the current Bullish Leg appears to be proportional to the one that started on the July 18 2023 Low. As you can see it is where the 1D RSI bottomed on both cases.
As a result we have no reason not to expect a...
Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into March. That ceiling was ultimately broken in mid-March, and has traded above and below the swing since that time.
Earlier this week, the price move back above the swing area, but has reversed lower.
Technically, the price is looking to test...
EU set up we have a great set up but its friday we might get a slow mover especially friday after steep losses in recent days, EUR/USD stabilized and rebounded off the psychological 1.0600 level on Wednesday, pushing past the 1.0650 mark. If the pair manages to build upon its recovery in the days ahead, resistance lies at 1.0695, followed by 1.0725. On further...
Attention Traders,
In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone.
Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
Take a look at our analysis for GBPCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.711.
Considering the today's price action, probabilities will be high to see a movement to 1.716.
P.S
We determine oversold/overbought condition with RSI...
GBPAUD give breakout of LH , also bullish divergence occur indicate that buyers are in control.
We can attempt to buy by placing buy stop.
SL , TP mention in chart
AUDNZD is moving within the descending channel between the trend lines.
The chart instantly bounced lower after reaching the dynamic resistance level.
The price formed a bearish takeover.
We think that the price will correct from the resistance before continuing the momentum.
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Share your opinion in the comments and support the idea with a...
Here is our detailed technical review for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.538.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level.
P.S
We...
#EURJPY - H1
📣 By analyzing the 1-hour timeframe, with the breakout of the conversion level zone within the range of 164.78, there is an expectation of price growth towards the range of 165.80.
⛔ Stop Loss: 164.00
On the other hand, with the breakdown of the 164.00 range, one can be optimistic about the price decline towards the range of 163.00.
⛔ Stop Loss: 164.78"
POI in M15, BMS in M5
The market is in a down trend, a point of interest is created in M15, the market later came back at the POI and created a BMS in M5, hence the reason for the sell, we are targeting to get out at the clearing the liquidity low.
It’s a good time to sell GBPUSD After we spotted a breakout In H4 timeframe
We’ve been able to identify a double top pattern in m15 which provide a sell opportunity.
Target Is 1.23735 ( H4 support level )
