Market Fundamentals: Market analysts widely anticipate that the Reserve Bank of Australia will keep interest rates steady at 4.35% in its upcoming policy decision. However, given Australia’s weaker-than-expected third-quarter Gross Domestic Product...
Riding the Waves: USD/ CAD Prices The USD/CAD pair has been showing a strong uptrend, extending its uptrend into the fourth consecutive trading day and reaching around 1.4330 on Wednesday. The continued appreciation of the US dollar against the...
As I analyze the daily chart for the Kiwi, I observe that the descending price channel was previously broken when the price surged through its upper border at 0.5665. Following this breakout, I notice that the Kiwi began to trend upward, forming an...
The chart illustrates Bitcoin’s price action on the hourly timeframe, incorporating Bollinger Bands and the Stochastic Oscillator. Initially, Bitcoin traded within a relatively narrow range, fluctuating around the middle Bollinger Band. This...
Strategic Insights: EUR/ JPY Prices The EUR JPY currency pair appears to be still in a bearish/downtrend condition, but we must also anticipate a trend reversal if the price breaks through the resistance area above and also price consolidation. If...
