Upon closely analyzing the USD/CHF market, it seems that the price has recently entered a demand zone, which I highlighted in light blue. If there's a strong upward bounce from this area, it might signal a potential bullish reversal. Therefore, my...
USD/CAD ANALYSIS UPDATES 27 JULY 2024 Observing the USDCAD pair, it seems that the consecutive upward rally for several weeks has reached the supply area of 1.3898 - 1.3837. Most likely there will be a downward correction phase towards the...
CAD/JPY,H1 The CAD/JPY currency pair is currently trading at 110.256, reflecting a situation that has caught the attention of many market participants. Presently, the market sentiment surrounding this pair is predominantly bearish. This bearish...
The Pound Sterling has recently shown impressive resilience against the US Dollar, despite the latter's weakened stance. The US Dollar Index (DXY) dipped below 104.80, contributing to the GBP/USD pair climbing to 1.3040, marking a 0.41% increase....
Gold peaked at 2,483 last business week and fell sharply, giving up most of the previous day's weekly gains. The price briefly dropped below the pivot level of 2407 but then started trying to recover while remaining within the signal zone. So, the...