The Federal Reserve is set to reduce the Fed Funds Rate by 25 basis points (bps) to 4.75%, marking a shift from the 2023 peak of 5.5%. Investors have been eager for a return to lower interest rates, reminiscent of the post-2009 era when rates...
Technical analysis of USDJPY Today I picked USD/JPY for technical analysis, and the market price fell one level and is now closer to the trend line, helping to push the price higher. After breaking the market price support at 150.96, it also damaged...
Technical analysis of GBPCAD Today I choose GBP/CAD for technical analysis. The market price rises with the help of the trend line, but the market price breaks out of the channel and helps its price increase. After breaking out of the range, the...
Technical analysis of USDCAD Today I choose USD/CAD for technical analysis because the market price is rising and forming an ascending channel. The market price broke these trendlines, helping the price to move higher. Currently, the market price is...
I am observing the USD/CHF pair with heightened attention as it navigates critical technical junctures. On the weekly timeframe, I recall the recent price action where the pair rallied strongly toward the 200-period moving average (100 MA), a level...
