THE CURRENCY PAIR USD-CAD At the time of writing this post, the USDCAD currency pair, on the H1 chart, is flat and at 1.38321. The Instaforex indicator, which is on this forum, in the first part shows a slight advantage for buyers, in the range of...
The currency pair experienced a notable recovery during Friday’s New York session, bouncing back sharply from a recent decline that brought it close to a seven-week high near 1.0870 the day before. The pair found support as the US Dollar (USD)...
USD/CAD ANALYSIS UPDATES 27 JULY 2024 Observing the USDCAD pair, it seems that the consecutive upward rally for several weeks has reached the supply area of 1.3898 - 1.3837. Most likely there will be a downward correction phase towards the...
### GBP/USD Trading Strategy on H1 Timeframe For traders analyzing the GBP/USD currency pair, the H1 (1-hour) timeframe reveals promising opportunities for short positions, provided several key technical conditions are met. To optimize your trading...
The market has taken a bearish turn, and a downward channel has opened up, indicating that sellers are currently dominating. As the downward momentum continues, I expect that the price will decline to the 157.515 level. This specific level is...