T E C H N I C A L _ A N A L Y S I S U S D / C A D I would explain recent price movements in the USD/CAD market. From a technical standpoint, USD/CAD is trading at 1.4358 at the time of writing. In the long term, USD/CAD is bearish now, while at the...
The US dollar weakened slightly against the Swiss franc during early European trading on Wednesday, trading around 0.9120. This cautious market sentiment stems from the anticipation of the upcoming US Consumer Price Index (CPI) data for December,...
The GBP/USD chart on the H1 timeframe clearly illustrates a prevailing downtrend, marked by consistent lower highs and lower lows, which indicates a dominant bearish market sentiment. Between late November and mid-December, the pair traded within a...
GBP/USD Today, GBP/USD is trading around 1.2296, down slightly by 0.10%. On the 4-hour chart, I’ve noticed the pair is staying below the 50-day moving average, which signals bearish momentum is still in play. The RSI is sitting at 45.96, showing a...
The euro continued its upward trajectory against the US dollar on Wednesday, building upon gains from the previous trading session. This move comes amidst a backdrop of mixed economic signals and shifting policy expectations. A recent report from...
