For the EUR/CHF pair, market participants formed a “double bottom” pattern on the H1 timeframe during the previous trading session. This pattern provides a useful reference for setting take-profit targets as the pair continues attempting to move...
Yesterday, the USD/CHF pair showed a rather confusing reaction after the release of the US Producer Price Index data. The numbers came out much stronger than market expectations, which temporarily supported the US dollar. However, despite the...
USDCAD Stabilizes Near Intraday Highs as Buyers Defend Recovery Above 1.3650 Support USDCAD on the 1-hour timeframe is currently trading around 1.37078, with the pair attempting to maintain bullish momentum after a volatile recovery from the sharp...
Have social media platforms improved our lives or made things worse. It helps in learning but also wastes a lot of...
The USD/JPY pair is currently showing signs of a developing bullish trend based on Fibonacci analysis. At the moment, the market is moving within an important Fibonacci range between the 100 level at 157.914 and the 50 level at 157.721, while the...
