The USD/JPY market experienced a turbulent day, with buyers unable to recoup their losses, driving the price down to approximately 155.26. This suggests a shift in momentum towards the sellers, making a buy order on USD/JPY more advantageous than...
USDCAD H1 The USD/CAD market is currently showing signs of substantial growth. The price has been climbing, and it recently broke through past resistance levels. One key level it breached was the daily marker at 1.36832. However, after several...
The image provided appears to be a technical analysis chart used for trading financial instruments such as stocks, forex, or cryptocurrencies. Let's break down and analyze the key components of the chart: ### 1. **Chart Pattern and Trend Lines** The...
The USD/CAD exchange rate, currently at 1.3740, is in a bearish trend, reflecting a decline in the value of the US dollar against the Canadian dollar. This downward movement suggests that market sentiment is currently favoring the Canadian dollar....
How to Trade Based on Fundamentals: Introduction Trading based on fundamentals involves analyzing the economic, financial, and other qualitative and quantitative factors that influence the intrinsic value of an asset. Unlike technical analysis,...