The Australian dollar (AUD) staged a recovery against the weakening US dollar (USD) on Tuesday, capitalizing on declining US Treasury yields. Market participants are now keenly focused on Australia's upcoming monthly inflation report, scheduled for...
I analyzed the GBPUSD currency pair on the H4 chart and observed that the wave structure is currently ascending, with the MACD indicator positioned in the upper buy zone. I noticed that last week, the price action was relatively stagnant, creating a...
Despite the optimistic technical outlook, it is crucial for traders to remain mindful of external macroeconomic and fundamental factors that could introduce unexpected volatility. The forex market is highly sensitive to economic data releases,...
Technical analysis of the EURUSD pair The technical analysis of the pair on the 4-hour chart shows that the price is trading in a support area represented by the weekly pivot level and the lower triangle line. During the previous two weeks, the...
A bullish situation can be discovered within the marketplace of USD/CAD, indicating that customers are preserving control. The pair has proven strong momentum, supported by the current fee motion and essential factors favoring the USA dollar....
