Forecast of Crude Oil The price of Crude Oil has been declining on the H1 time frame chart for the past several trading hours. This decline began when Crude Oil tested the 50 EMA line during its price correction, and as a result, it is now stronger....
The USD/CAD pair is currently trading around the 1.39586 level, reflecting a bearish trend. This downward movement suggests that sellers are dominating the market, pushing the price lower. However, the pace of the market appears to be slow at the...
Forecast of USDJPY According to the USDJPY's H1 time frame chart, the RSI indicator tested the overbought level a few hours ago, which is why the USDJPY price fell in response to the price adjustment. There are higher odds that the price will rise...
USD/CAD Technical Analysis: Right now, USD/CAD is testing the 1.3800 resistance level, consolidating with bullish momentum. It’s been hovering here for a bit, and I’m keeping an eye out for any strong moves. Key levels I’m watching: resistance...
Silver price bounces back to near $31.00 after the US inflation report, which showed that price pressures remain sticky. Annual headline and core CPI rose by 2.6% and 3.3%, respectively, as expected. The optimism on Trump trades will keep the Silver...