The provided chart shows the hourly price movement of GOLD (XAU/USD) with a strong uptrend from mid-December to early February. The red moving average (likely a 50-period or 100-period MA) indicates dynamic support, which the price has respected...
GBP/USD Fundamental Analysis: GBP/USD is trading cautiously today as the market reacts to recent economic data and central bank sentiment. The Bank of England (BoE) held rates steady at 5.25%, but Governor Andrew Bailey’s dovish comments suggest a...
USDJPY Daily Time Chart Analysis The USD/JPY currency pair is currently experiencing a sharp decline. The long-term uptrend line and key support level are located below 153.65. This decline is confirmed by weak signals from key technical...
USDCAD USDCAD outlook: The USDCAD pair is being shaped by multiple factors, primarily the strength of the U.S. Dollar, fluctuations in oil prices, and the Bank of Canada's (BoC) policy stance. The U.S. Dollar remains resilient, supported by strong...
Technical analysis of USDCAD Today we will be doing a technical analysis of USD/CAD. What is the quality of market support and resistance levels? The broader market has also broken support, which is now set as resistance, which will be the next...
