The USD/CAD pair remains poised for potential upside amid heightened political uncertainty and shifting macroeconomic dynamics. Former Bank of England Governor Mark Carney’s call for a snap Canadian election on April 28 has added a layer of...
The EUR/USD pair is currently showing a general upward trend, indicating improving market sentiment and a return of buyers to the euro against the US dollar. This bullish momentum has been confirmed by the break of the previous high and the...
USD/CAD Market Analysis The current condition of the USDCAD currency pair still looks slowly bearish, since the market opened at the beginning of the month the price has dropped below the Simple Moving Average 60 indicator in yellow, giving an...
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...
The currency pair appears to be forming a bearish Broadening Formation pattern; however, recent technical developments suggest that bulls may still have the upper hand in the near term. The pair broke above the 20-day Simple Moving Average (SMA) and...
