time frame D
USD in channel decreased over 2 months from 7,195 to 6,933. The end of August 7 is a green candle that closes at a lower level than the highest price of the day. This shows that the buyers were strong from the beginning of the day but at the end of the day there were signs of being weaker than the sellers.
Smaller timeframes have a divergence...
Time Frame D
usdjpy main trend is downward trend for nearly 2 consecutive months from the price area 110 to 104.1, and increased again. The price is currently sideways in the 105.3 to 106.4 range (Price is below the fast line, the fast one is below the slow MA).
There is a possibility of a rebound before resuming bearish momentum in frame D.
Time Frame H4
The...
