The EUR/USD currency pair exhibited considerable volatility last week, marking a period of significant fluctuations in its exchange rate. On Friday, the pair reached a notable six-week low, dipping to 1.0680. This marked a significant downturn from...
The user has given a complex description of a market analysis and a trading strategy. The goal is to rewrite this text in simpler terms while maintaining the original meaning. The analysis involves understanding price movements within an ascending...
USD/CHF Hello. As far as the correlation is concerned, I am the first to see if there is any inconsistency in the correlation with the US Dollar Index, and indeed, while last Friday the US Dollar Index confidently moved north. On the other hand, for...
At the beginning of this month, the price attempted to reverse the market trend by moving towards a bearish direction. However, the market conditions on the daily timeframe indicated that buyers were still in control, prompting the market to attempt...
Fundamental Analysis On Friday, the Canadian dollar (CAD) made a meager comeback, rising from most of its major currency peers and recovering only a tenth of a percent against the US dollar (USD). The market is cautious due to an unexpected decline...