High liquidity Zones In forex trading, high liquidity zones are price areas where trading volume is significantly high, indicating strong buying or selling interest. These zones are crucial because they often serve as areas of support or resistance,...
AUD/USD breaks new lows despite US inflation data meeting expectations The Australian jobs report was released at 11:30 AEDT. Surprise awakenings have become the norm lately Selling rips and downside breaks favored short term, key support found at...
Bank of England cuts rates by 0.25%, boosting GBP The Bank of England's team has a reputation for precise and rather clever calculations. On November 7th, the regulator made the expected move to reduce the interest rate by 25 basis points. This...
The USD/CAD currency pair is currently trading at 1.40137, and the market sentiment leans bearish at this time. The pair has been moving slowly, indicating a lack of strong momentum in either direction. However, the current setup suggests that a...
Price Movement and Trend The price appears to be in a significant downtrend, as indicated by the overall movement of the candlesticks heading lower and the downward slope of the moving average (red line). This downtrend suggests bearish momentum in...
