The USDCAD currency pair is currently trading near a significant resistance level at 1.4211 on the H1 timeframe. If the market manages to break through this level, it could present a strong buying opportunity, as a breakout often leads to a test of...
In the early negotiation on Wednesday, the euro has shown a slight drift in the middle of a hard and noisy price action backdrop. Despite this volatility, the general feeling remains that the euro will probably continue to operate within a well...
Currency brace AUDUSD- let’s consider moment on Tuesday the map of the D1 period. From the morning of February, we can see this. The price made a drop down with a price gap and streamlined the minimum of the former January. A bullish divergence was...
GBPUSD Technical Analysis GBPUSD is currently trading around 1.2569, experiencing resistance near the recent highs. The daily chart suggests a potential slowdown in bullish momentum, while the H1 timeframe shows a pullback with price struggling to...
The Role of Central Banks in Forex Market Movements The foreign exchange (Forex) market is influenced by a variety of factors, ranging from geopolitical events to macroeconomic indicators. Among these, central banks play a pivotal role in shaping...
