Currency pair GBPJPY - we will consider today in the middle of the week the senior chart of the D1 period. The wave structure here has a descending character. After the last wave of decline updates the minimum of the previous one, the third wave...
Market Fundamentals: Japan’s third-quarter GDP was revised upward to 0.3% growth from the previously estimated 0.2%, while the annual expansion stood at 1.2%, exceeding the prior forecast of 0.9%. Despite this improvement, the economy experienced a...
USD/CAD Technical Analysis and Forecast Current Market Overview The USD/CAD market is in an uptrend amid a strengthening US dollar. On the H1 chart, the USD/CAD price is trading at 1.42356 and is moving towards the resistance level at 1.42500. The...
Market Fundamentals: The spot price maintains positive traction around the 0.5600 mark during Asian trading hours, supported by the People’s Bank of China’s (PBOC) decision to keep its Loan Prime Rates (LPRs) unchanged. Investors remain cautious...
The US dollar initially fell against the Japanese Yen at the beginning of the session, but quickly reversed the course and now shows a renewed force. At present, the PAR is negotiated around the 200 -day exponential mobile average (EMA), which many...
