Core points about USDCAD: In a broader view, we observed that Canadian news has kept the CAD strong, but recent U.S. news events have significantly weakened the USD. The previous release of the Philly Fed Manufacturing Index came out on the...
USD/CAD Technical Analysis – 4H Timeframe The USD/CAD pair is currently trading around 1.38633, reflecting market consolidation with potential for a breakout. Traders are closely watching technical indicators to determine whether the next move...
EUR/USD Technical Analysis – 4H Timeframe The EUR/USD pair is currently trading around 1.13725, indicating a period of consolidation within a broader market trend. Given this level, technical indicators on the 4-hour timeframe suggest potential...
AUD/USD Daily Chart Analysis Bullish Opportunity After Breaking the Downtrend and Daily Close Above Resistance The AUD/USD pair is showing strong bullish signals on the daily timeframe, following a successful break of the long-term downward...
In forex trading, understanding the terms pips, lots, and leverage is crucial for effective risk management and successful trading. These concepts form the backbone of how profits and losses are calculated in the currency markets. Below is a clear...
