Technical analysis of EURUSD The EUR/USD pair is currently trading at 1.04922, exhibiting a cautious tone as market participants assess key technical levels and broader macroeconomic factors. The pair is navigating between immediate support at...
USDCAD Daily Time Chart Analysis The USD/CAD pair is under bearish pressure after breaking the uptrend and testing key support levels. After a long uptrend, the pair is currently hovering around the 1.4172 level and is struggling to recover from the...
As the pair trades in a rising wedge formation, EUR/USD may lose territory in the event of a bearish reversal. If the 14-day RSI crosses the 70-point threshold, it would imply a downward correction. The nine-day EMA of 1.0453 might be the pair's key...
Daily Forex Analysis for AUDNZD on H4 Time Frame Current Market Condition As of the latest analysis, the AUDNZD currency pair is exhibiting a bearish trend. This observation is primarily supported by the Heiken Ashi indicator, which is currently...
A portion of the significant intraday losses was recovered by the Japanese yen (JPY), but it is still weak as officials try to lower the rates on Japanese government bonds (JGBs). Higher long-term rates can actually put pressure on Japan's...
