The chart reveals a dominant bearish trend, characterized by consistent lower highs and lower lows. The sharp downward movement below the 1.0450 level confirms the presence of strong selling pressure. The price is currently trading around 1.0394...
TRADING CHART ON USD CAD H1. The USD/CAD hourly chart reflects a significant bullish trend that has persisted since mid-November, with prices maintaining an upward trajectory. The moving average (likely a 200-period SMA) acts as dynamic support,...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis. The EUR/USD market is bearish, helping the price break the dawn trendline and selling momentum. The market price follows the trend line and repeatedly touches the trend line...
GBP/USD Overall Update The GBP/USD market is currently in a downward trend. It recently fell to 1.24755 and has since recovered slightly to trade around 1.2507 at the time of analysis. Key levels and scenarios: Reverse Probability: If the GBP/USD...
The EUR/JPY currency pair has exhibited a choppy trading pattern in recent days, hovering around the 161.20 mark during Asian trading hours on Thursday. This cross-currency pair, which reflects the exchange rate between the Euro and the Japanese...
