The USD/CAD exchange rate, currently at 1.3740, is in a bearish trend, reflecting a decline in the value of the US dollar against the Canadian dollar. This downward movement suggests that market sentiment is currently favoring the Canadian dollar....
Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
The image provided appears to be a technical analysis chart used for trading financial instruments such as stocks, forex, or cryptocurrencies. Let's break down and analyze the key components of the chart: ### 1. **Chart Pattern and Trend Lines** The...
T E C H N I C A L _ A N A L Y S I S E U R / U S D Hello, I wish you all good luck and the analysis is always accurate so that you get a consistent profit. In this upload, you can see about the EUR/USD market. The chart for EUR/USD shows that the...
This week, the oil trading instrument has demonstrated significant volatility by easily surpassing the previous week's maximum level of 80.60. This upward movement is particularly notable because, during the prior week, the price had been on a...