As of Thursday, the AUD/USD currency pair is trading at approximately 0.6220 and is attempting to break above a descending channel on the daily chart. A successful breakout from this channel could weaken the current bearish bias in the market and...
Technical Analysis: EUR/USD EUR/USD falls sharply to near 1.0420 as the safe-haven appeal of the US Dollar has strengthened in a risk-off environment. The Fed is expected to leave interest rates unchanged, while the ECB is set to cut them by 25 bps,...
Daily Analysis of USD/JPY Currency Pair Overview Yesterday, the USD/JPY currency pair broke down below the significant support level of 154.75. However, the market quickly rebounded and surpassed this level again, indicating a potential false...
The USD/CAD currency pair experienced a surge in value on Tuesday, reaching a one-week high of 1.4415 during the European trading session. However, this upward movement occurred within a relatively narrow trading range observed over the past month,...
Technical analysis of GBPCAD Today I choose GBP/CAD for technical analysis. GBP/CAD market price fell at dawn and helped the trendline price drop. The price of war fits nicely with the trendline and after reaching that timeline its market price...
