Technical analysis of the USDCAD pair The technical analysis on the 4-hour chart shows that the price is trading in a downward direction after a strong upward wave at the beginning of this week. During this week, trading was opened within the...
General points about USDJPY: Yesterday, the Tokyo CPI rate gave the Japanese Yen (JPY) significant strength, contributing to the consistent decline in the GBPJPY market. Data from Japan's Consumer Price Index (CPI) exceeded expectations, indicating...
•••EUR/USD Analysis: November 29, 2024••• Today, the EUR/USD pair has maintained a cautious trajectory, trading around 1.0565 to 1.0568. This range reflects a complex interplay of fundamental forces and technical resistance, creating a delicate...
The USD/CHF market saw a significant move, successfully crossing the key support area of 0.8835. The burst of decline highlights the weakening of the bull's strength, fueled by a series of weak economic events in the United States that have not...
The GBP/USD pair held above its moving average for most of Thursday, a movement of little significance. A correction in theory suggests that the market is just taking profit from previously open positions. Fixes are not trends because they lack the...
