Previously, USDCAD experienced a very deep decline after the candle was unable to penetrate the supply area at the price of 1.3782. If I'm not mistaken it happened on Wednesday. The currency pair was able to fall by around 70-80 pips. However, after...
XAU/USD For the second day in a row, there is some selling pressure on the gold price (XAU/USD), which on Wednesday afternoon in the Asian session hit a low of more than a week. In light of the robust US economy, remarks made on Tuesday by Federal...
Bitcoin Trading Analysis: Bullish Momentum or Bearish Reversal? Bitcoin's recent price action has created a sense of optimism among traders. Yesterday, it surged towards the 59,400 level before rallying to test the 62,500 level, indicating strong...
The NZD/USD currency pair, currently trading at 0.6112, has shown a bearish trend recently. This suggests a prevailing sentiment of NZD weakness or USD strength in the market. Despite the current slow movement, I believe there are factors that could...
Understanding the Nature of Loss in Forex Trading, (1) The Reality of Losses: Forex trading involves significant risks due to the dynamic nature of currency markets. Losses can occur due to incorrect market predictions, poor risk management, or...