Fundamental and Technical Analysis of USD/CAD: H1 chart: On the hourly chart, USD/CAD is currently testing major resistance near 1.4070. This resistance was a key level as the pair had struggled to break in previous attempts. The key technical issue...
Forecast for GBP/USD on December 4, 2024 The movement of the pound sterling within the range of 1.2612–1.2708 since November 14 appears to be consolidation, with false breakouts on both sides on November 22 and 29. Following this logic, the price...
The currency pair has been drifting lower, hovering around the 0.8840 level during the early European session on Wednesday. This decline is primarily driven by persistent safe-haven flows, as investors remain uncertain about the outcome of the...
Charting the Course: EUR/ USD Price In today's article, I will discuss the latest movements in the EUR/ USD currency market. I am waiting for a breakout of this mark and consolidation above. In this case, we can count on continued growth to today's...
The Spot price experienced some downward pressure on Wednesday, primarily driven by remarks made during a press conference by China’s National Development and Reform Commission (NDRC). China's state planner highlighted that the country’s economy is...
