In the Asian trading session on Friday, the currency pair moved within a tight range, hovering around 153.70. This position is notably below the all-time high achieved earlier this week. Currently, upward momentum appears limited, primarily due to...
The current analysis of the USD/CAD currency pair indicates a distinctly bullish outlook, driven by recent technical developments and market behavior. The support zone for USD/CAD remains intact, reinforcing the bullish sentiment. This positive...
GBPUSD Technical Analysis The cost has been downtrend, assisted by a declining trend line. Recently, the market cost shattered above the 50-day simple moving average (SMA) and the trend line, suggesting potential for further growth if it breaches...
The USD/JPY exchange rate has reached 161.91, marking its strongest level since 1986. This rapid increase has raised concerns among market participants, who are waiting for the Bank of Japan (BOJ) to intervene in the currency market. Such...
GBP/USD technical view After rebounding from the monthly level of 1.2870, GBP/USD trades in a good buy zone on the daily chart. Additionally, the mid-channel lines on the daily chart supported the price. A monthly pivot level supported the price...
