Evaluating Price Action of the USD/CAD Currency Pair Current Market Trend The USD/CAD currency pair is currently showing a consistent downward trajectory. A potential barrier is identified near the 1.363 mark, which is a significant trend line. At...
AUD/USD technical Analysis The market is still dominated by sellers because, as you can see on the left end of the chart, the price has fallen very profoundly, and this morning's correction was probably just profit-taking. In the case of sellers who...
GBP/USD Status and Market Analysis The GBP/USD pair experienced some decline during the North American session, hitting a three-week low of 1.3067, but later managed a slight recovery. As traders awaited the Federal Reserve's upcoming monetary...
European Core CPI and Market Dynamics Despite no increase in the European Core Consumer Price Index (CPI), buyers have successfully crossed the 1.3415 level, indicating a breakout. According to the chart below, both bullish and bearish sentiments...
USD/JPY Technically, USDJPY's next week may be dominated by bearish movements, as the last week was closed with a bearish weekly candle. As you can see from the daily timeframe pattern, the price is currently stuck at 148.80 for its decline; the...