The USD/CAD currency pair was influenced by several key factors. The U.S. dollar faced downward pressure due to mixed economic data, including weaker-than-expected GDP growth and softer consumer confidence. Additionally, comments from Federal...
Gold: What the Charts Reveal The discussion currently revolves around the analysis of the Gold price behavior. The entire week has concluded with gold remaining largely inactive, hovering above the support level 2489.00. A decisive break below this...
In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
GBP/ USD Price Move Let's discuss the current price behavior analysis of the GBP/ USD currency pair. It's crucial to closely watch the 1.3109 level on Monday, as this point will determine whether a correction begins. The difference between 1.3108...
Navigating the Waves: EUR/USD Prices The EUR/USD currency pair's price behavior analysis is a topic for discussion. Based on technical analysis, the EUR/USD pair is in a downward trend, with the price ending the week at its lowest point. The price...