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...
GDP reports are a foundational element in fundamental forex analysis. They provide valuable insight into a country's economic health and influence investor expectations, interest rates, and market sentiment — all of which can move currency prices...
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...
The currency pair NZD/USD is currently indicating the creation of a strong demand area around the price level of 0. 5900. This spot saw a significant bullish response in the past, reflecting notable buying interest at that point. Additionally,...
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...
