Outlook technical analysis: The recent resistance encountered by the CAD/JPY pair underscores the presence of significant selling pressure in the market. This resistance level may represent a key inflection point, where traders reassess their...
THE CURRENCY PAIR USD-CAD At the time of writing this post, the USDCAD currency pair, on the H1 chart, is flat and at 1.38321. The Instaforex indicator, which is on this forum, in the first part shows a slight advantage for buyers, in the range of...
However, traders are waiting for the levels where the yen pairs are likely to bounce down after this upward wave. Yet, on the 4-hour chart, the pair's price is indicating a new upward target, which is the weekly resistance level of 206.64. This...
USD/CAD We are currently analyzing the live pricing of the USD/CAD currency pair. The support zone for the USD/CAD pair is still intact, indicating a bullish outlook. A bullish reversal pattern emerged yesterday in the form of an Engulfing candle,...
Gold peaked at 2,483 last business week and fell sharply, giving up most of the previous day's weekly gains. The price briefly dropped below the pivot level of 2407 but then started trying to recover while remaining within the signal zone. So, the...