The USD/JPY (U.S. dollar/Japanese yen) exchange rate currently sits around 145.730, with the market showing a bearish trend. This trend indicates that the Japanese yen has been gaining strength against the U.S. dollar, albeit at a slow pace. The...
The USD/CHF pair currently sits at the 0.8519 level, reflecting a bearish trend. Over the recent past, the market has seen a relatively slow movement, but signs are emerging that point towards the possibility of a significant shift in the near...
WHAT IS A LOT IN FOREX ? In Forex trading, a lot refers to the standard unit of measurement for transactions. It represents the smallest transaction size that can be executed in the Forex market. *Standard Lot Sizes:* 1. *Standard Lot*: 100,000...
USD/CAD completes 8 green days MACD and RSI indicate strong positive momentum USD/CAD soared to another fresh two-month high of 1.3774 during yesterday's session, adding more than 2.5% after bouncing from the double bottom pattern around 1.3420....
TRADING CHART ON USD/CAD H4. The USD CAD currency pair failed to continue its downward momentum when it was below the two moving average lines, only reaching a support level of 1.3426. However, the price then experienced a strong upward rally that...