How to draw a correct Support and Resistance Line
Have your study the previous Forex Knowledge from Hirose?Today we will learn about how to draw a correct SUpport and Resistance line Next Topic: Indicator to use with Support and …
[USD/JPY] Breaks Above 150 Yen
Yesterday, during the New York trading session, the USD/JPY pair broke above the strong resistance level of 150 yen, following the release of strong U.S. economic data. Although the price …
[EUR/USD] ECB Further Rate Cut
At the ECB (European Central Bank) meeting held yesterday, as expected, the policy interest rate was cut by 0.25%, bringing it to 3.4%. In the statement, it was mentioned that …
[AUD/JPY] Strong Employment Data and Risk-On Sentiment
Yesterday, Australia’s September employment data, announced during Tokyo trading hours, showed stronger-than-expected job growth. The unemployment rate also fell to 4.1% from 4.2% in the previous month, indicating a strong …
[USD/JPY] U.S. Interest Rate Decline and Strong Dollar
In the Tokyo market, USD/JPY fell to 148.87 yen. This was influenced by comments from Bank of Japan board member Adachi, but the dollar was quickly bought back after he …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
Yesterday, the euro reached $1.0901 ahead of the ECB (European Central Bank) meeting. However, the euro faced resistance and fell back to $1.0854, dropping below the 200-day moving average. This …
[GBP/JPY] Symmetrical Triangle Pattern
Looking at the daily chart for GBP/JPY, we can see a symmetrical triangle pattern forming, and it seems to be nearing a breakout point soon, where it will either go …
[USD/JPY] Falling Short of 150 Yen
In the Tokyo market after the holiday, USD/JPY started in the high 149 yen range, but because it failed to reach 150 yen the day before, selling pressure pushed it …
[EUR/USD] Before the ECB Meeting
Yesterday, Germany’s October ZEW Economic Sentiment Index was announced at 13.1, higher than the expected 10.0, which caused the euro to rise. However, since U.S. long-term interest rates had already …
[CAD/JPY] Canada’s September CPI and Crude Oil Prices
Yesterday, Canada’s September Consumer Price Index (CPI) was announced at 1.6%, which was lower than the expected 1.9%. This led to selling pressure on the Canadian dollar. The CPI dropped …