The EUR/USD currency pair, currently trading at 1.0739, has been experiencing a noticeable bearish trend. This decline in value is influenced by a combination of macroeconomic factors, geopolitical events, and prevailing market sentiments affecting...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...
The pair edged lower during the Asian session on Wednesday, trading around the 1.0680 mark. However, it lacks strong follow-through buying. The fundamental backdrop and the technical setup warrant caution before anticipating an extension of the...
The new trading session for the USD/CAD currency pair presented a curious scene: the US dollar under pressure despite a strengthening US Dollar Index (DXY). This counterintuitive situation stemmed from two opposing forces. On one hand, the US dollar...
The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...