Today, I am going to discuss the current state of crude oil prices. As of now, on the D1 chart, crude oil is trading around the 81.62 level. This price point is significant as it reflects a period of relative stability since last week, during which...
The Commodity Channel Index (CCI) is a versatile technical analysis tool used in forex trading to identify cyclical trends in currency prices. Developed by Donald Lambert in 1980, the CCI measures the deviation of an asset's price from its...
### Analysis of the EUR/USD Currency Pair and Potential Future Movements The EUR/USD currency pair, one of the most traded pairs in the forex market, is currently trading around 1.0684. As of now, the trend appears to be bearish, with the market...
Since the beginning of this week, the NZDUSD pair has been moving within a white price triangle, which lies between price channels representing the last two weeks' movements. It generally indicates an upward trend with varying extensions. The price...
The new trading session for the USD/CAD currency pair presented a curious scene: the US dollar under pressure despite a strengthening US Dollar Index (DXY). This counterintuitive situation stemmed from two opposing forces. On one hand, the US dollar...