USDJPY buyers had their shot—and ran into the targeted resistance. In the morning video, I outlined the falling 200-hour moving average at 154.90 and the swing area between 155.04 and 155.21 as upside resistance targets that should attract willing sellers. The price subsequently moved into that resistance cluster, reached 155.21, and stalled. Sellers leaned against […]

Trade Analysis and Trading Advice for the Japanese Yen Due to low market volatility, the levels I identified were not tested, so I did not enter any trades. The recent sharp rise in the yen has ended, but it has brought the carry trade back into focus. The question now is whether large-scale unwinding of

Crude oil futures are trading sharply higher as tensions in the Middle East continue to escalate and concerns grow about the security of global oil supplies. Yesterday, U.S. forces said they destroyed five Iranian oil tankers after Iran launched missile attacks against a U.S. warship. Iran responded by targeting a U.S. base in Jordan and

The EUR/USD pair declined for six days, but the bears’ advance has now come to an end. For six full days, the U.S. dollar has been unable to convince traders of the merits of further purchases. Imbalance 21 has not been invalidated, while Imbalance 20 triggered a price reaction. The only factor that somewhat weakened

The price of Nvidia is stretching toward its all-time high despite a down day for the broader US stock indices. Shares are currently up $2.70, or 1.12%, at $231.00. The intraday high reached $234.76, putting the stock less than $2 from its record high of $236.54. Technically, the combination of the nearby all-time high and