The AUDUSD trading pair that was active last Friday remains in a downward trend. This is due to sellers successfully maintaining their control by pushing the price lower from the resistance zone between 0. 6236 and 0. 6235, while buyers have not...
Trend Line Chart Pattern: Introduction A trend line chart pattern is a fundamental tool in technical analysis, used to identify and confirm market trends. It consists of straight lines drawn on a price chart to connect significant highs or lows,...
Federal Reserve Governor Lisa Cook indicated that the central bank might take a gradual approach to reducing interest rates, citing the strength of the U.S. labor market and persistent inflation as factors that allow for a more cautious stance. As...
General Points about USDJPY The Tokyo Consumer Price Index has not significantly aided the sellers, which has enabled the USD/JPY market to hold its strength. The currency pair currently stands at the 150. 60 mark, indicating that buyers are in...
The CAD managed to hold below the 1.4450 level through the close, maintaining the potential for a 1.4460 double-top formation on the charts. If this pattern plays out, it could drive the USD/CAD pair lower toward the 1.4321 zone in the coming...
