The Bank of Canada (BoC) is widely expected to implement a 50-basis-point rate cut, bringing its benchmark interest rate down to 3.25%. This dovish policy stance continues to weigh on the Canadian Dollar (CAD), with limited technical indications of...
EUR/USD Daily Technical Analysis EUR/USD experienced selling pressure yesterday, as the price faced rejection from the $1.04400 level and closed at $1.03980. Today’s price action shows a further decline toward $1.03500, a key support level, where...
Hello. As a result, just as the Euro fell rapidly, buyers also rapidly recouped this gap. I honestly thought that it would take them a few days to do this, but in general, a renewal of the minimum and a move to the parity level loomed ahead....
USD/CHF Analysis: Bearish Trend with Potential for Reversal Overview The USD/CHF currency pair has recently witnessed a significant crossover between the 50-period and 200-period Exponential Moving Averages (EMAs) on the H1 time frame. This...
GBP/CAD Technical Analysis and Trading Strategy Market Overview Upon analyzing the GBP/CAD currency pair, it is evident that the market sentiment is currently bullish. The price has broken through the 1.7992 zone, signaling a potential bullish...
