USD/CAD Trends and the Impact of Recent CPI Data Overview of Recent Market Movements The USD/CAD currency pair has exhibited a significant downward trend in recent trading sessions, with a decline of over 1% over the past five trading days. This...
The Role of Central Banks in Forex Market Movements The foreign exchange (Forex) market is influenced by a variety of factors, ranging from geopolitical events to macroeconomic indicators. Among these, central banks play a pivotal role in shaping...
I have analyzed the daily chart and observed that the pair has been moving sideways recently. I notice that today’s price action is also confined within this sideways range, indicating a lack of strong directional momentum at the moment. I am...
AUD-JPY PAIR ANALYSIS In current trading, AUD/JPY is testing the 96.344 level, which is quite close to the nearest support at 96.282. If the price is able to stay above this level, then the opportunity to rise again to the nearest resistance at...
As of February 19, 2025, the EUR/USD currency pair appears to have abandoned its attempt to reach the target range of 1.0534 to 1.0575. To confirm this reversal, it is essential for the current trading session to close below the level of 1.0458. If...
