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Uk Politics in Turmoil following David Davis and Boris Johnson's resignations. Crude is finally correcting lower after a 55% rally from the 2017 lows. How low can it go before resuming its uptrend? They have many things in common: harmony, highs & lows, and you have to get the flow right. William seems to be hitting all the high notes!” Candlesticks remain popular even today as they are a visually appealing way to monitor price data. The body of a candle is created by the difference between the open and close (also referred to as “the real body”), while the thin “shadows… The USD is showing signs of a weakness against several pairs and commodities and an acceleration of its depreciation might follow within the next few days.
I’m in the camp that the Usdjpy continues higher near term, but we are in a longer term triangle at the moment, so upside may be limited to the 113.50/114.00 range as we hit the longer term downtrend line and range highs.
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Macro Analysis is a very important analysis type when it comes to assessing a particular financial instrument. Macro analysis looks at the behaviour of an economy as a whole over the medium term, always taking into account the various forces that drive its performance.
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