Crude Oil Technical Analysis: Bearish Trend Continues Crude oil prices clearly show a bearish trend as the market structure continues to trend bearish in the 1-hour timeframe. The market has been steadily following its downward trajectory,...
China's Caixin Services PMI unexpectedly dropped to 51.5 from 52.0, intensifying concerns about the fragile recovery in the world's second-largest economy. This has added pressure on the Australian Dollar (AUD), often seen as a proxy for Chinese...
Financial markets are widely expecting the US Federal Reserve to lower its benchmark interest rate by another quarter percentage point from the current target range of 4.5%-4.75%. This follows a series of rate cuts totaling 75 basis points in...
Overview of USD/CAD Outlook The Canadian Dollar (CAD) is currently under significant pressure, primarily due to the impending tariff decisions from the U.S. and other economic factors. As of February 1, a 25% tariff on imported goods from Canada and...
Currency pair AUDUSD - let’s consider the chart of the D1 period today. The current growth wave updated the previous wave’s maximum, breaking the descending wave structure on this chart. The MACD indicator is still in the lower sales zone, but is...
