The AUD/USD pair has experienced a sharp decline, sinking near 0.6280 during North American trading hours on Thursday. This drop is fueled by the US Dollar’s (USD) resurgence amid heightened global economic uncertainty, primarily stemming from...
GBP/USD The GBP/USD chart reveals an interesting trend in the currency pair, which is crucial for traders and analysts to consider. Currently, the pair is trading at 1.2952, showing a slight upward movement of +0.16% within the observed time frame....
Technical analysis of GBPCAD Today I picked GBP/CAD in technical analysis. The market is bearish, and the selling momentum is helping the price fall. The market price reached the execution support level, and from this monthly support at 1.8641, the...
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...
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...
