The pair has been trading within a green range, where selling volume was notably present. I assumed that the pair would move slightly lower, and the volume eventually pushed it out of this range. The pair reached the resistance level of 0.57533, but...
USDCAD Market Analysis: Bullish Outlook H4 Timeframe Analysis In the H4 timeframe, the USDCAD market has shown a significant bullish momentum, successfully breaking through the middle band price area. This upward movement is further supported by a...
Analysis of GBP/USD In the past week, the GBP/USD currency pair has experienced significant upward pressure from buyers. This extreme buying pressure has resulted in the formation of a weekly candle that is notably long, far exceeding the typical...
USDJPY currency pair - D1 period chart. The price was falling for the main part of the last week because weakening the US dollar was going on in the market, especially the euro and the pound grew almost vertically. The ascending wave structure can...
NZDUSD Daily Outlook The daily chart of the NZDUSD pair shows an interesting price structure with a clear transition from a continuous decline phase to a reversal phase. Initially, the price moved within a clearly defined downtrend channel (marked...
