The provided chart reflects USDCAD price action on the H1 (hourly) timeframe. The chart incorporates a 50-period moving average (red line) and the Relative Strength Index (RSI) with a 14-period setting. Currently, USDCAD is trading at 1.4233,...
Trading journal Sunday, December 15, 2024 AUDUSD "A bearish rally is looming over the AudUsd market trend" Good afternoon, The price journey of the AudUsd pair until last Friday night was in the performance of a price movement that was continuing...
USD/CAD Daily Chart Analysis Current Price Trend The USD/CAD currency pair is currently experiencing a strong bullish trend, having reached a price level of 1.4233. This level is situated near the upper boundary of the Bollinger Bands, indicating...
Market optimism surrounding the US economy, which remains resilient despite global challenges, is driving this upward momentum. Strong job growth, consumer spending, and corporate earnings continue to support positive sentiment. However, with key US...
The outlook for the Greenback remains relatively strong in the near term, bolstered by positive US economic data and the Federal Reserve's cautious stance on interest rates. The minutes from the latest Federal Open Market Committee (FOMC) meeting...
