Technical analysis of USDCAD Today, I choose USD/CAD for technical analysis because the market price is rising and forming an ascending channel. Market prices broke these trend lines, which helped push prices higher. At this point, the market price...
The NZD/USD currency pair is currently trading at 0.5667, with the Relative Strength Index (RSI) slightly below the 70 level, indicating that the market is exiting the overbought zone but still retains bullish momentum. The price has recently broken...
EUR/JPY As of today, EUR/JPY is hovering around 161.80, moving within a tight range. The key resistance stands at 163.25, while immediate support is at 161.60. The overall trend has been bullish, but I’m seeing signs of a possible bearish reversal....
USD/ CHF Price Activity The analysis of the USD/ CHF currency pair's price action will be the main topic of our conversation. The fact is that on the H4 chart, the pair's quotes at the moment have looked a little beyond the inclined resistance. But...
On the euro's daily chart, yesterday's price movement leaned bearish, with the candlestick forming within a narrow triangle. Given this setup, I have maintained a neutral stance on the pair while closely monitoring technical indicator data for...
