Our conversation focuses on the evaluation of the USD/ CAD currency pair's present price action. After analysing the hourly chart of the currency pair, it seems logical to enter the market with a sell strategy. The price is below the MA-20 moving...
Gold technical analysis Hello everyone! Many traders, especially net traders, have been selling and waiting for the catch for a long time. So far, I think this option is pretty slim. In this case, I'm not seeing a clear south signal, and it will...
WTI Price Forecast WTI slumps to a multi-week low amid supply concerns, tepid global demand growth. The formation of a descending channel supports prospects for a further near-term fall. Any attempted recovery is likely to confront stiff resistance...
The gold market was slightly lower in early trading on Monday, reflecting continued market volatility and noise. Currently, it seems that the market may be a bit overextended, which could be the main reason for this decline. Despite the recent...
In the world of technical analysis, understanding key support and resistance levels is crucial for predicting price movements in financial markets. The scenario you've described offers an insightful glimpse into the dynamics surrounding a currency...