Silent Points of USDCAD: This bullish concept is unfavorable for Canadian Dollar sellers, with the market consistently moving upward. Currently, USDCAD is trading around the 1.4088 level, signaling strong upward momentum. The price may rise further,...
Engulfing candlestick pattern in forex trading. Engulfing Candlestick Anatomy An engulfing candlestick pattern is a powerful signal of momentum reversal in , and identifying one is quite simple. This pattern occurs when the body of the current...
The chart indicates a recent bearish trend as the price descended sharply, forming lower highs and lower lows. However, the trend appears to be stabilizing, as evidenced by the formation of a base near the 154.30 level, followed by a slight...
The GBP/JPY currency pair experienced a significant decline of approximately one-third to around 197.10 on Friday, primarily driven by contrasting economic performances between the UK and Japan. The British pound weakened considerably following the...
USD/ CAD: The Art of Price Action Analysis The analysis of the USD/ CAD currency pair's price action will be the main topic of our conversation. I am moving down a step on this pair and examining the situation on the daily timeframe. On this chart,...
