The USD/JPY currency pair, when observed on the daily (D1) chart, exhibits a clear downward wave structure, indicating a sustained bearish trend. Recent market activity has seen the pair accelerating to the downside, breaking through support levels...
Technical analysis of USDCAD The USDCAD pair closed at 1.3865, reflecting a cautious market stance amid mixed economic signals. The currency pair has been trading within a defined range, with immediate support at 1.3755 and resistance at 1.4246....
Market Fundamentals: Rising geopolitical tensions in the Middle East have sparked a rebound in crude oil prices, potentially offering a boost to the Canadian dollar (CAD), often referred to as the "Loonie." As Canada is the largest oil exporter to...
Market Fundamentals: Atlanta Fed President Raphael Bostic cautioned against premature rate cuts, citing uneven progress in taming inflation and emphasizing the need to maintain elevated interest rates to ensure long-term price stability. Richmond...
AUD/USD Weekly Analysis Analysis: Market Structure: The chart shows a recent Bearish BoS (Balance of Structure) as indicated by the label. This means the price broke below a key support level (around 0.61000) after a period of consolidation,...
