The GBP/USD chart on the H1 timeframe clearly illustrates a prevailing downtrend, marked by consistent lower highs and lower lows, which indicates a dominant bearish market sentiment. Between late November and mid-December, the pair traded within a...
Gold technical analysis Four hour time frame: In a falling wedge, I destroyed gold options faster than I expected. The metal has found support at the 2658 level and has bounced and traded there multiple times. This week, we should be able to recover...
THE CURRENCY PAIR USD-CAD A bit more and it will touch the 200 moving average. Now if the bears push a bit, there will even be a breakout of the moving average, and then it will be possible to build a Fibonacci retracement to try to determine...
T E C H N I C A L _ A N A L Y S I S U S D / C A D I would explain recent price movements in the USD/CAD market. From a technical standpoint, USD/CAD is trading at 1.4358 at the time of writing. In the long term, USD/CAD is bearish now, while at the...
•••USD/CAD Update(January 15,2025): A Tug-of-War Between Strength and Uncertainty••• ••U.S. Dollar Holds Firm, Canadian Dollar Faces Pressure • As of January 15, 2025, the USD/CAD exchange rate is hovering around 1.4370. The U.S. dollar continues to...
