The upcoming release of the US inflation data (CPI) and the Bank of Canada's (BoC) interest rate decision are expected to significantly impact the USDCAD currency pair's volatility. If the US inflation data exceeds forecasts, the USDCAD pair could...
Bearish Abandoned Baby Candlestick Chart Pattern The Bearish Abandoned Baby is a relatively rare but powerful candlestick pattern used in technical analysis to predict a potential reversal from an uptrend to a downtrend. Here’s an in-depth breakdown...
General Points about AUDUSD: Yesterday's Australian Cash Rate announcement did not benefit AUD/USD buyers much, as the market failed to gain upward momentum despite the expected developments. Currently, the pair is trading around the 0.6340 level,...
Advantages of technical analysis in forex trading. Technical Analysis provides traders with many valuable advantages and benefits, such as analyzing trends, spotting opportunities, and making informed trading decisions. By understanding price...
Stope loss A stop-loss in forex trading is an essential risk management tool designed to minimize potential losses. It is a preset order to close a trade when the price reaches a specific level, preventing further losses beyond what the trader is...
