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...
Inflation plays a critical role in determining the value of a currency in the forex market. It is one of the most closely watched economic indicators by traders, investors, and central banks alike. Simply put, inflation is the rate at which the...
I analyzed the USD/JPY pair on the weekly chart and noticed that it has surprisingly maintained a strong bearish momentum from the 141.05 level. I initially didn’t expect such a confident downtrend, but the price action clearly supports this...
Inflation means that prices are going up. When inflation rises, each unit of currency buys fewer goods and services than it did before. For example, if inflation in a country is 5%, something that cost $100 last year will now cost $105. While a...
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...
