The chart represents the USD/CAD currency pair on the hourly timeframe. Initially, the price moves within a relatively stable range, with Bollinger Bands staying narrow, indicating low volatility. However, as the trend develops, a bearish move is...
If the price successfully breaks above resistance, it can indicate strong bullish momentum and lead to further price increases. Identifying resistance levels is crucial for forex traders. There are several ways to do this. One popular technique is...
The Australian dollar is one of the most intriguing currency pairs that I am monitoring at this time, and its behavior often offers ideas that can be applied to similar currencies, such as the New Zealand dollar. Recently, the Australian has...
USDCAD currency pair - daily chart period. March, which began not so long ago, began with an intensive decline, and it is understandable, that the American dollar weakened against most major world currencies. What this is fundamentally connected...
USDJPY currency pair - D1 period chart. The price was falling for the main part of the last week because the weakening of the US dollar was going on the market as a whole, especially the euro and the pound grew almost vertically. The ascending wave...
