AUD/USD This weekend, I’ve been closely monitoring the AUD/USD pair, which wrapped up the week around 0.6375. From a technical standpoint, the pair is still under pressure, trading below the 50-day moving average near 0.6450. Key support is holding...
The EUR/USD currency pair has shown notable price action over the past week, providing insights into potential future movements. In the first two trading days of the previous week, the EUR/USD remained below the 50 EMA (Exponential Moving Average)...
On the hourly chart, GBP/USD bounced off the 1.2788-1.2801 resistance zone on Thursday, turning in favor of the US dollar and consolidating below the 1.2709-1.2734 level. This led to a decline to the 1.2611-1.2620 support zone. A bounce out of this...
Concerns over China's economic growth are playing a significant role in the recent underperformance of the Canadian Dollar (CAD). As one of the world's largest consumers of commodities, any slowdown in China tends to reduce demand for oil and other...
Trading journal Sunday, December 15, 2024 USDCAD Good morning and greetings to all forum friends who are always given health and fortune. How are you all? I am sure and believe that you are very happy to welcome the arrival of the weekend holiday...