USD/CAD Greetings and Good Morning to all traders! The Canadian CPI rate can help the sellers to come back. However, today is the last trading day of this week. So, the market might remain natural or move in favor of buyers again. Currently, the...
### USD/CAD Trading Outlook: Bearish Signals and Key Levels If the price rises to a certain level and bearish volume data confirms the signal, the USD/CAD pair could drop to the 1.3510 level, where accumulated trading volumes are present. In this...
The hook reversal pattern is a chart pattern used in technical analysis, particularly in stock, forex, and commodity trading. It's considered a trend reversal signal, indicating a potential change in the market's direction. The pattern is relatively...
### NZD/USD Analysis: Bearish Outlook and Key Resistance Levels The first significant resistance level that could halt the NZD/USD price is near 0.6200. If the price breaks above this level, it would signal a potential recovery for the pair. The...
The current analysis of the USD/CAD currency pair reveals a complex situation as we approach the end of the week. Recently, the pair has shown a notable breakout from a descending channel, trending upward for the past two weeks. This shift suggests...