I am closely analyzing the current situation on the USD/CAD pair. The price has almost reached the support level at 0.8964, which I believe will most likely be tested soon. Although the 200-period moving average is positioned above the quotes,...
This week, the foreign exchange market delivered a brutal lesson to traders, particularly in the USD/JPY pair. I observed a sharp upward impulse that pushed prices up by 300 points with minimal retracements, only to be followed by an equally...
Technical Analysis EUR/USD H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart remains above 70, suggesting that the EUR/USD pair will pull back before continuing its upward trend. On the upside, 1.0500-1.0510 (round number,...
The latest Consumer Price Index (CPI) report showed headline inflation accelerating to 2.9% as anticipated, but the core CPI, which excludes volatile food and energy prices, rose at a slower pace of 3.2%. This reinforced market expectations that the...
Bosmen Join Date: Oct 2024 Posts: 343 Liked posts: 317 Likes received: 1110 Paid out: 206 USD NZD/USD is currently trading around 0.5696, showing strong upward momentum after bouncing from a key support level. The market has been volatile, with...
