The USD/CHF pair has experienced a significant downturn, breaching its robust 200-day Simple Moving Average (SMA) at 0.8775 and plummeting to a three-month low. This breach signals a potential shift in momentum, opening the door for further...
USD/CAD Outlook Greetings and Good Morning, guys! The Canadian overnight rate and the BOC's Governor's speech will be released this week, which could significantly impact the USD/CAD market. Traders will closely monitor these events to assess the...
When analyzing the USD/JPY currency pair from a daily timeframe perspective, it becomes evident that the current market conditions are rather ambiguous and do not provide a clear direction for trading decisions. Upon closer examination, a key...
EUR/USD Market Overview The EUR/USD market continues its bullish momentum, trading at 1.08617. The market is slowly approaching the key resistance level at 1.09000, while the support level is at 1.08000. No economic data that could significantly...
Gold Overview Gold prices are trending higher today and are rapidly approaching key resistance levels. Gold is trading at 2917 and approaching the 2925 resistance level on the H1 chart. The market structure suggests a possible breakout if the...
