In the world of forex trading, economic indicators play a crucial role in influencing currency prices. One of the most important among these indicators is the Gross Domestic Product (GDP) report. GDP reflects the economic health of a country and...
The initial feelings in the market for USDCAD might assist the buyers in recovering their losses from recent days. Therefore, these buyers may enter the market aiming for a target near the 1. 3877 support level. Additionally, the strong activity in...
Let’s consider the chart of the D1 period - the EURUSD currency pair. Most of this April has already passed quickly and buyers reign supreme. The wave structure is still being built in an ascending order, the MACD indicator continues to grow in the...
Ongoing conflicts in the Middle East and the enduring Russia-Ukraine war have fueled demand for the US dollar as a safe-haven asset. However, expectations are mounting that the Federal Reserve could resume its rate-cutting cycle sooner than...
GBPJPY Analysis The daily chart of the GBP/JPY currency pair shows a significant change in the market structure, as it has moved from a strong and stable bullish phase to a correction or consolidation phase. Initially, the pair showed strong upward...
