USD-JPY PAIR FORECAST The Fed's 25 bps interest rate cut at the FOMC meeting has been anticipated by market players and investors. The statement by Fed Chairman J. Powell was also seen as hawkish so that the outlook for the US Dollar currency...
EUR/USD Today, I have been closely watching the EUR/USD pair, and here’s my breakdown: Current Price Action: The pair is trading around 1.0840, consolidating near the 1.0850 resistance level. Technical Indicators: On the 4-hour chart, EUR/USD...
Technical analysis of the USDCAD pair On the 1-hour chart, the price started trading today within ascending price channels, which represents the general trend of price movement during the previous two trading days. But the price opened near the...
USD/CAD Market Outlook Greetings and Good Morning guys! The Canadian CPI Rate was negative. So, the market price of USD/CAD bounced up and crossed the 1.4325 zone. It is not a better scenario for the sellers. Also, it is worth noting the broader...
The chart demonstrates a strong bullish trend over the observed period. The price has moved steadily upward, breaking through multiple resistance levels. The consistent higher highs and higher lows indicate strong buying momentum. The last recorded...
