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,...
The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
USD/CAD Currency Pair Analysis: Weekly Review and Future Outlook: As we conclude the trading week, it's time for an immediate review of our position on the USD/CAD currency pair. Over the past two years, we have been monitoring a long-term pattern...
Gold prices in North America experienced a surge on Friday, driven by two main factors. Firstly, US inflation data came in softer than expected, fueling investor optimism that the Federal Reserve might implement interest rate cuts later in 2024....
We have closely monitored the ongoing price fluctuations in the USD/CAD currency pair. As the week has concluded, we find it necessary to promptly review our trading strategy on the same chart. Delving deeper, we observe a long-standing pattern...