Today, the USD/CAD currency pair is trading within a range of 1.3426 to 1.3531. Currently, the price is testing the upper boundary of this range at 1.3531, with a critical resistance level located slightly above at 1.3537. The price action at these...
The GBP/USD pair, currently trading at 1.29980, is experiencing a bearish trend, with the British pound weakening against the U.S. dollar. The movement in the pair has been relatively slow and steady, reflecting a cautious market environment....
If a reversal occurs near this point, the pair could retrace back to the previous resistance zone, which has now turned into support around the upper 1.2800s. Over the past two weeks, the GBP/USD exchange rate has seen significant gains. At the...
What Is a Hook Pattern? The Hook pattern in technical analysis is a candlestick formation characterised by a unique hook-like structure. It reflects a potential shift in market sentiment, signalling the end of a prevailing trend. There are bullish...
The EUR/USD pair, currently trading at 1.11390, has been displaying a bearish trend, suggesting that the euro is weakening against the U.S. dollar. Despite this downward momentum, the movement has been relatively slow, and the pair hasn’t exhibited...