The USD/CAD daily chart is presenting a consolidation pattern, with the pair trading near 1.34708 after experiencing a rejection from key resistance levels around the 1.38000 region. Over the past months, price action has been largely range-bound,...
The gold spot price recently traded around $2,630 per ounce, recovering from the 50-day Simple Moving Average. This increase came after a significant price drop, as traders responded to a market downturn caused by global growth concerns. On Monday,...
Trade Analysis and Tips for Trading the Japanese Yen The price test at 143.76 coincided with the moment when the MACD indicator started moving upward from the zero mark, confirming the right entry point for buying the dollar. As a result, the pair...
Good Night, everyone, and welcome to today’s live trading session. Let’s dive into the markets, where we’ve seen some notable movements. Yesterday, the USD index closed bullishly, climbing from 100.65 to 101.21. Currently, the USD index seems...
As of September 24, 2024, the USD/JPY currency pair is exhibiting a slow yet bearish trend. The pair has shown signs of weakness due to various market factors, particularly the ongoing pressure from Japan’s struggling manufacturing sector and weak...