I observe that the AUDUSD pair extended its downward trajectory, testing the lower Bollinger Band at 0.6206, where buyers stepped in to trigger a bounce, signaling potential short-term support. I note that the Federal Reserve’s hawkish rhetoric on...
Technical analysis of USDCAD Today I chose USD/CAD for technical analysis; the market is currently trading below the 1.4478 resistance level in an uptrend. The market price moves up the trend line to help you push the price higher. With the help of...
Technical analysis of USDJPY Today we will do a technical analysis by looking at the chart of USD/JPY. The market is currently between its support level of 153.92 and resistance level of 155.14. Currently, the market is close to its support level,...
Vital Components for USDCAD: We can see that the Canadian Overnight Rate and other news events have not provided any significant benefit to the Canadian Dollar. Instead, USD-related news has strengthened it considerably. The market is currently...
EUR/USD Despite the fact that we still have an upward trend, there is a high probability of changing the trajectory of movement. From my point of view, as soon as the EURUSD price strengthens below 1.0400, then the decline will continue. We have a...
