Analysis of Price Movement Scenarios and Trading StrategiesThe first scenario to consider involves the price consolidating above a key level and the maximum of the previous daily range, followed by a continued upward (northern) movement. Should this...
West Texas Intermediate (WTI) US Crude Oil is witnessing a gradual increase on Thursday as energy markets attempt to overcome another buildup in US Crude Oil stocks. This comes in the wake of the Organization of the Petroleum Exporting Countries...
Pound shows no signs of nervousness on UK election day During the European session on Thursday (July 4), the euro/dollar rose slightly, reporting 1.0796, up 0.12%. The pound/dollar reported 1.2748/49, up 0.07%. The minutes of the June meeting...
Yesterday, sellers on USD/CAD continued to push the price to the south impulsively and it turns out that as a result of the daily range closing, another bearish candle was formed, which managed to test the support level from top to bottom with its...
For Thursday, the lineup of macroeconomic events is practically barren. One may pay attention to the second assessment of the UK's Construction PMI for June. But in general, today's macroeconomic background does not have any influence on the...