Chungha_KP

Chungha_KP

USDJPY is moving within a steady ascending channel on the 4H timeframe. After bouncing off the EMA and trendline support, price is now consolidating just below the key 150.00 resistance zone. On the fundamental side, the Japanese yen remains under pressure as the BOJ maintains a dovish stance even after ending negative interest rates. Meanwhile, the U.S. dollar...

Chungha_KP Updated 

As a market analyst, I’m currently watching EURUSD closely as it continues to move inside a clear downward channel on the 1H chart. Price is now approaching the upper boundary of this channel, where we also see the EMA 34 and EMA 89 acting as dynamic resistance. This area near 1.083–1.085 is a key confluence zone. If price shows rejection here, it would confirm a...

Chungha_KP Updated 

Gold remains inside a well-defined ascending channel on the 4-hour timeframe. After reaching a local top, price has started to form a rounded correction pattern, with several lower highs suggesting a soft pullback rather than a sharp reversal. Currently, price is approaching a strong demand zone between $2,974 and $3,015, which aligns with both the channel...

Chungha_KP Updated 

Hello everyone, let’s update the latest developments of EUR/USD together! Currently, EUR/USD is maintaining its recovery momentum, trading around 1.0880-1.0900 after successfully breaking out of the descending price channel. The bullish momentum is supported by a weaker USD and expectations of a dovish monetary policy from the Federal Reserve (Fed). On the...

Chungha_KP Updated 

Hey, what are your thoughts on gold prices? Gold continues its bullish momentum at the start of the week! The precious metal is forming its Elliott Wave 5 structure after successfully breaking resistance and a descending trendline. The weakening USD and market uncertainty are key drivers behind this surge. If this wave pattern plays out as expected, gold could...