A trading strategy in Forex is a systematic plan that traders use to determine when to buy or sell a currency pair. This plan is based on predefined rules and criteria designed to achieve profitable trading outcomes. Trading strategies can be simple...
USD-CAD PAIR ANALYSIS Previously, USDCAD experienced a very deep decline after the candle was unable to penetrate the supply area at the price of 1.3782. If I'm not mistaken it happened on Wednesday. The currency pair was able to fall by around...
Crude Oil Market Analysis: Bullish Trend Confirmed With Key Technical Indicator The current crude oil price is at 78.48 as of market close. Analyzing the H4 chart, the price is currently above the 50 and 100 SMAs (Simple Moving Averages). These SMA...
The chart you provided shows the USD/JPY (US Dollar/Japanese Yen) foreign exchange (FX) rate over a specific time frame, likely one week, as indicated by the selection at the bottom of the chart. The chart appears to be a candlestick chart, a type...
Greetings and Good Morning guys! We can see that the BOJ's Monetary Policy and other news data couldn't bring high volatility in the market of CAD/JPY today. However, we can trade with technical analysis. Overall, the market of CAD/JPY is in favor...