The Ultimate Guide to Understanding BTC/USD Bitcoin's price action has cooled down recently, with trading activity noticeably quieter than I had anticipated for my trading plans. Looking at the daily chart, we can see that Bitcoin is stuck in a...
Definition of Hammer Candlestick: The Hammer candlestick is a bullish reversal pattern that signals a potential bottom or support level. It's characterized by a small body and a long lower wick, typically twice the length of the body, indicating...
Bitcoin is still in a consolidation phase, with the $60,000 level acting as an important support zone. The neighborhood is historically important, providing a solid foundation. Currently, the market appears to be struggling to recover, but it needs...
The US dollar (USD) extended its rally against the Canadian dollar (CAD) for a fourth consecutive day. As of Friday's European session, the USD/CAD pair hovered around 1.3710. This upward trend comes ahead of the release of core PCE inflation data,...
USD/CAD/H1 On Friday, the Canadian dollar (CAD) made a meager comeback, rising from most of its major currency peers and recovering only a tenth of a percent against the US dollar (USD). The market is cautious due to an unexpected decline in the...