Technical Analysis EUR/USD D-4 Chart The Relative Strength Index (RSI) indicator on the 4-hour chart is flat around 50, reflecting a lack of directional momentum in the short term.On the downside, a strong support zone seems to have formed at...
General Points about GBPCAD: We can see that the GBPCAD market is trading at the 1.7826 level, which acts as a support level. The level has been tested multiple times, indicating that buyers are attempting to hold the price steady. In the coming...
USDCAD USDCAD outlook: The USDCAD pair is currently experiencing a tug-of-war between the strength of the US Dollar and the Canadian Dollar's sensitivity to oil prices. The USD remains solid, bolstered by strong US economic data, while the CAD is...
Australia's Westpac Consumer Confidence index declined by 2% to 92.8, reversing two months of gains and raising concerns about the country’s economic outlook. Despite a 5.3% increase in November, the drop signals wavering consumer sentiment as...
Sounds like you're deep in the forex trenches, Yuri! Labor market data always stirs up a mess in the market, especially when it sends mixed signals like this. The initial volatility you're describing seems typical when traders are torn between the...
