Price could push until the 123.984 and 123.800 then expect to possible find a sell signal good luck
possible buy once it reaches the support line, could trigger a downward movement for EURJPY
Weak dollar after US COVID-19 reports lower investor confidence, dollar could push down and find support on the 93.49 mark, uncertain if it will breach the zone or bounce
I think price could moving downwards regarding that it has created a lower low and is moving aware from resistance (R1, R2) Possible up trend if price traces higher in price
The pair could move in a more ranging movement as it tracks April's range. Price declines at 0.42637 and fell lower to decline again at 0.41574 with a double top formation all held by the support that showed signs late march and through out April and may. USDCAD approaches the monthly high (1.4173) as it carves a fresh series of higher highs and lows, but the...
The EUR/USD Forex market on the daily chart is near the bottom of a month-long trading range. That usually leads to a reversal up. This is especially true when there are bull bars closing near their high. April 24 and May 7 are 2 examples. Today might be another, especially if it closes above yesterday’s high. It is already an outside up bar, and a close above...
Hi everyone Welcome to fx Journal box analysis on the Australia dollar VS the US dollar Currently on the daily chart we seem to have A double top formation around 0.66000 and we can identify a sell opportunity idea if it goes our way by trading below the previous weekly resistance of 0.66625. We estimating price to fall just around 0.62000 We'll that's the...
I think if prices can past the 0.61036 resistance zone, we could expert price to push up, if there is a substantial amount of buyers to rally price.