USDCAD (US Dollar / Canadian Dollar). A very favorable trading situation is currently unfolding for the currency pair/instrument on the D1 timeframe in terms of initiating a profitable selling trade. The three indicators used for analysis -...
The ongoing market assessment of the AUD/USD currency pair's valuation aligns with our current discussion. Examining the hourly price chart, you'll notice a downward-trending channel where the exchange rate currently sits. Yesterday, the price fell...
EUR/AUD Analysis Last week's candle position was bearish engulfing with the highest price at 1.6406 and the lowest price at 1.6154. Interestingly, the candle closes below the MA5/MA10 Low which is usually the weekly buy point and even slightly...
### Analysis of CAD/JPY: Current Trends and Future Projections #### Current Market Position and Trends As of now, the CAD/JPY currency pair is trading at 115.04, exhibiting a bearish trend. The market has been moving slowly, characterized by a...
The USD/CAD currency pair, currently at 1.3720, is experiencing a bearish trend. This indicates that the US dollar is weakening against the Canadian dollar. Market movements can often be slow during such trends, as traders and investors reassess...