GBP/USD Well, I see a perfect reversal to the north from the support zone 1.2271-1.2143. I really didn't go into buying here for one single reason - this is a weekly chart. Most likely, I would have had to sit in buying for a long time, by long I...
February 5, 2025 USD/CAD slumps below 1.4300 as CAD capitalizes on Trump’s suspension of tariff orders The USD/CAD currency pair has experienced significant volatility, primarily due to recent U.S. tariff announcements affecting Canadian imports. On...
EUR/USD The EUR/USD pair is hovering around 1.0300 today, maintaining its bearish momentum. Over the past four months, the euro has dropped nearly 8%, inching closer to levels last seen in September 2022. The downtrend remains intact, with no clear...
EURGBP Daily Time Chart Analysis EUR/GBP has been in a downtrend since hitting resistance near its long-term downtrend line on January 20. This trendline originated from the high of February 3, 2023. The pair continues to respect this downtrend...
Core Points about USDCAD It is quite surprising that the USD/CAD market has dropped significantly from the 1.4500 level. The sharp decline indicates that selling pressure has increased, pushing the pair lower. Due to some fundamental effects, the...
