USD/CAD: Facing Key Pressures(January 24,2025) The Threat of U.S. Tariffs on Canada One of the primary factors influencing the Canadian dollar right now is the looming decision about U.S. tariffs. Starting February 1, the U.S. is expected to...
Piercing line Candlestick Chart Pattern The Piercing Line Candlestick Chart Pattern is a bullish reversal pattern that occurs in technical analysis. It often signals a potential change in market sentiment from bearish to bullish. Here's a detailed...
USD-JPY PAIR ANALYSIS The Bank of Japan (BoJ) will announce its benchmark interest rate which is likely to affect the outlook for the Japanese Yen currency. According to the forecast, there is a 25 bps increase from the previous...
The provided chart for gold (XAU/USD) on the daily timeframe clearly shows a strong bullish trend. The price has been consistently moving upward, forming higher highs and higher lows, indicating strong market momentum. The most recent high is around...
The euro experienced a significant decline against the dollar on Wednesday, shedding roughly a tenth of its value. This sharp depreciation occurred amidst a period of relative market inactivity, characterized by a lull between key data releases. The...
