TRADING UPDATES The price action of the EURUSD pair has repeatedly tried to rise, but has not been consistent. There was even a close crossover between the EMA 50 and SMA 200 that could have given rise to a golden cross signal. However, the...
The USD/CAD currency pair, which is currently trading at 1.3698, has exhibited a bearish trend recently. This indicates that the US dollar has been weakening against the Canadian dollar. A bearish trend typically means that sellers are dominating...
Understanding Trading Strategies: Trading strategies are systematic approaches used by traders to determine when to enter and exit trades, manage risks, and optimize potential profits. They provide a structured framework amidst the chaotic nature of...
AUDUSD MARKET ANALYSIS On Thursday (June 27), the AUD/USD performed sluggishly and closed at 0.6645, basically the same as Wednesday. Australian bonds, which had already been sold off after the release of Australia's May inflation report, were hit...
EUR USD/H4 The EUR/USD currency pair is currently hovering around the key level of 1.0732. This resistance level coincides with the upper limit of the recent trading range on the four-hour chart, indicating a potential turning point for the market....