I began my analysis of USD/CAD this morning by focusing on the hourly timeframe, where I observed a prolonged consolidation phase. I noted that the price tested the 200-period moving average (MA) from below, which initially led me to anticipate a...
Several ECB officials remain comfortable with the outlook for three additional rate cuts this year, following a 25 basis point reduction to 2.75% last month. ECB policymaker Fabio Panetta highlighted that economic weakness in the Eurozone is proving...
GBPJPY TECHNICAL ANALYSIS The GBPJPY currency pair is currently trading at 191.102 and remains within a defined range of 187.011 to 194.777. The overall trend continues to exhibit bullish characteristics as long as the pair sustains trading above...
In Forex trading, recognizing chart patterns can help traders anticipate potential market movements. Here are three top chart patterns that traders commonly. This pattern signals a potential trend reversal. It consists of three peaks: a higher...
EURGBP TECHNIAL OUTLOOK The EURGBP pair is currently trading at 0.82260, hovering above a crucial support level at 0.82050. The overall major trend remains bullish, reflecting the longer-term market sentiment. However, the minor trend is currently...
