The USD/CAD currency pair, which is currently trading at 1.3698, has exhibited a bearish trend recently. This indicates that the US dollar has been weakening against the Canadian dollar. A bearish trend typically means that sellers are dominating...
The Euro (EUR) struggled to hold onto gains on Friday, hovering around 1.0690 USD in the Asian session. Technical indicators on daily charts paint a bearish picture for the EUR/USD pair. The currency pair is stuck in a descending channel, a pattern...
The currency pair has recently shown a slight bullish trend after hitting a six-week low of 1.2611. As of the current analysis, the pair trades around the 1.2636 region, reflecting a modest recovery. This movement is worth noting for traders and...
The price test of 158.20 transpired during a period when the MACD (Moving Average Convergence Divergence) indicator had already shown a significant movement above the zero mark. This movement indicates a strong bullish trend. For quite some time,...
EUR/USD Forecast: Strongest Bearish Weekly Closing Opportunity After the release of US economic data, EUR/USD tried to recover this week's losses, driven by GDP growth, weekly initial jobless claims and US durable goods orders, but the gains did not...