Crude Oil Technical and Fundamental Analysis Crude oil is in a downtrend, and the market structure supports sellers. The price trades below the 50-day SMA and the 200-day SMA, confirming the bearish momentum. The key resistance level is 66.8, while...
Market Analysis: EUR/CAD H1 - March 6, 2025 As we enter the European session on Thursday, the EUR/CAD currency pair is observed to be consolidating around its daily opening price of 1.5477. There have been no significant movements, suggesting that a...
The Australian dollar showed a modest demonstration during the negotiation on the early Thursday, but their profits seem too extended, and gradually losing ground against the US dollar. The recent ascending movement seems unsustainable, which...
ECB Rate Cut and Dollar Index Reaction The European Central Bank (ECB) has cut interest rates as anticipated, which initially led to a surprising reaction in the market. Contrary to expectations, the dollar index experienced a temporary decline...
USD/CAD Analysis: Consolidation Phase and Mixed Signals The USD/CAD currency pair is currently trading around the 1.3650 mark, where the market appears to be in a consolidation phase, striving to stabilize its position. However, when considering...
