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DXY: The DXY (Dollar Index) chart currently indicates a bearish momentum, suggesting a potential continuation towards the 1st support level. The 1st support at 103.43 is identified as a swing low support, indicating its significance as a level where buying interest may emerge to support the price. This level aligns with previous price action, reinforcing […]

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03/01/2024

EUR/JPY Price Analysis: Key Upside Barrier Seen at 156.90–157.00 Zone

EUR/JPY gains ground near 155.61 on Wednesday. The cross maintains a bearish outlook below the key EMA; the RSI indicator stands below the 50 midline. The first upside barrier will emerge at 156.38; 155.05 acts as an initial support level for EUR/JPY. The EUR/JPY cross recovers some lost ground above the mid-155.00s during the early […]
12/09/2024

USDJPY Wave Analysis

USDJPY reversed from the support zone Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the support zone set between the pivotal support level 140.75 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily […]
17/05/2024

Calm Before Storm for WTI Oil Futures?

WTI oil futures hold near recent lows; develop within narrow neutral structure Technical signals indicate improving sentiment, but downside risks could emerge near 80.80 Despite occasional drops, WTI oil futures remained squeezed within the 78.00-80.00 area and between two ascending lines for the second consecutive week. The bulls have been held back around 79.68 by […]