After we reached strong support in the area of 1.0730, on the senior H4 timeframe we got a local candlestick pattern using the price action method – “bullish engulfing”. As a result, the price performed a technical correction to 1.0753, after...
I currently observe that the USD/CAD pair is exhibiting a bullish formation, suggesting potential upward momentum if key support levels hold. I believe the critical level to watch is 1.4251; as long as the price remains above this threshold, I...
EUR/USD Technical Analysis Forecast Hourly Chart: The EUR/USD market is showing substantial gains today and trading at 1.07936. Earlier, the EUR/USD market tested the support level at 1.07300, after which the price started to recover. Currently, the...
The Australian dollar finds stability in the middle of the range negotiation The Australian dollar experienced a slight setback during Thursday's negotiation session before recovering strength and going back to the 50 -day exponential mobile (EMA)...
NZD/USD NZD/USD Increases to Near 0.5750. China's Ding Pledges Support For Private Sector Expansion Key Analytics: The NZD/USD strengthened after China's Vice Premier Ding Xuexiang announced plans for more proactive macroeconomic policies this...
