The EUR/USD pair has recently demonstrated a robust recovery, largely driven by technical and fundamental factors. On Thursday, the Euro gained strength as buyers defended the 100- and 200-hour moving averages, pivotal zones that provided a...
The GBP/USD currency pair experienced a surge on Tuesday, driven by Bank of England (BoE) Governor Andrew Bailey's indication of potential future interest rate cuts. While the BoE maintains a cautious stance and emphasizes data-driven decisions, the...
The Canadian dollar (CAD) has recently shown modest gains against the U.S. dollar, primarily driven by weaker U.S. economic data. A notable factor contributing to this is the rise in initial jobless claims in the U.S., signaling a slowdown in the...
Looking at the daily time frame chart, I can clearly see the growing strength of the buyers. This is evident from the bearish candles with large shadows from below, forming pinbars as the price approaches the resistance zone. These pinbars suggest...
The EUR/USD currency pair experienced a rebound on Thursday, gaining 0.71% and moving closer to the 1.0600 level. This upward movement was fueled by several factors. Firstly, European retail sales data, while slightly below expectations,...