THE CURRENCY PAIR USD-CAD At the time of writing this post, the USDCAD currency pair, on the H1 chart, is flat and at 1.38321. The Instaforex indicator, which is on this forum, in the first part shows a slight advantage for buyers, in the range of...
Understanding Spread in Forex Trading Forex trading involves buying and selling currencies, but have you ever wondered what the spread is and how it affects your trades? In this article, we'll break down the concept of spread in plain English. What...
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...
Although traders are waiting for the levels from which the yen pairs can bounce down after this upward wave, the price of the pair on the 4-hour chart gives a new upward target, which is the weekly resistance level of 206.64. The price of the pair...
The USD/CHF currency pair, currently at 0.8832, is showing a bearish trend, suggesting that the US dollar is weakening against the Swiss franc. While the market has been moving slowly, there are several factors that could potentially lead to a...