The price initially showed strong upside momentum on Thursday, driven by a sharp weakness in the pair. However, the pair soon gave up most of its intraday gains after encountering significant resistance near the 152.80 mark during the American...
The USD/CAD currency pair has been relatively weak over the past two days, trading around the 1.4150 level. This downward trend is evident on the daily chart, which shows the pair moving within an ascending channel, a technical pattern that...
The persistent issue of oversupply remains a key obstacle to sustained increases in oil prices. While occasional bullish catalysts, such as geopolitical tensions, provide temporary support, concerns over excess production continue to weigh heavily...
USD/JPY: Simple Trading Tips for Beginner Traders December 12 - Analysis of yesterday's forex trades Trading Analysis and Trading Recommendations for the Japanese Yen In the afternoon, a test of the 152.41 level coincided with the MACD indicator...
The EUR USD on the 4-hour chart is currently in a crucial support area, which requires close attention. Two potential scenarios may unfold - the price may either bounce back or break through the support level. This situation demands additional...
