The outlook for the pair is driven by a combination of fundamental factors and technical patterns, creating a complex yet intriguing trading environment. Rising oil prices have lent some support to the Canadian Dollar, given Canada’s status as a...
Current market conditions suggest that traders should exercise caution as the US Dollar’s recent strength, driven by rising yields and political speculation, may face a pullback or consolidation. Despite its resilience, declining US bond yields have...
GBP/USD Technical Analysis: Right now, GBP/USD is hovering around 1.2600, and I’m seeing mixed signals on the charts. On the 4-hour timeframe, it’s stuck near the 50-day EMA, which suggests indecision in the market. Key resistance is at 1.2650—if...
GBP / USD; An hourly Time Frame Recommendation After checking the fundamental and technical factors of the last week, we can recognize that the USA news data failed to help the bears or sellers of GBPUSD. Despite some bearish expectations, the...
Global risk sentiment plays a pivotal role in shaping the outlook of the NZD/USD pair, given the Kiwi Dollar's status as a commodity-linked currency. The Kiwi often mirrors fluctuations in equity markets and global growth expectations. Persistent...