USD/JPY is teetering around one of the most-watched levels in currency markets: the 160.00 yen-tervention barrier.
While the U.S. dollar is struggling with a shifting Fed narrative, the Japanese yen pressure from a surging oil import bill and a slow-moving central bank.
Something has to give, and this week has the catalysts to force the issue.
Hello traders. As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in E-mini Nasdaq-100 Futures. Recently NQ_F made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made a…
GBP/USD edged higher to 1.3455 last week but quickly retreated. Initial bias remains neutral this week first, On the upside, above 1.3455 will resume the rebound from 1.3008. Firm break of 1.3470 resistance will pave the way to retest 1.3787 high. However, sustained break of 55 D EMA (now at 1.3301) will argue that the…
2025.06.02 2025.06.02 Best Continuation Candlestick Patterns: Bullish and Bearish Examples Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ In the world of trading, where even a minor change in an asset’s value represents an opportunity to generate substantial profits, candlestick patterns play a pivotal role. Candlestick continuation patterns indicate that the existing trend is likely to continue. By mastering these candlestick…
2024.09.11 2024.09.11 Platinum Prices May Skyrocket. Forecast as of 11.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A 6% price drop since the beginning of the year amid record platinum shortages suggests that the metal is undervalued. However, will XPTUSD bulls be able to capitalize on the strong fundamental data? Let’s discuss this topic and make a trading plan. The…
The USDCHF continues to trade in choppy, two-way price action, reflecting broader indecision across the FX space. Today’s session has once again turned into a tug-of-war centered around one key technical barometer — the rising 200-hour moving average. That level is not just another line on the chart. It has become the dividing line between…
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