On Monday, the GBP/USD currency pair ended its seven-day winning streak, reflecting a cautious market tone. The pullback came after the pair nearly touched the 1.3000 mark but could not maintain its bullish momentum. The retreat in GBP/USD can be...
The DXY's recent surge, underpinned by a resurgence in US Treasury yields, has pushed the currency pair down to approximately 1.1205 during Monday's European trading session. As market participants eagerly anticipate the release of critical US...
Fundamental Analysis of USD/CAD: As of Tuesday’s early Asian session, USD/CAD is trading around 1.3485, reflecting a cautious tone in the currency pair. This level indicates that the pair is on the defensive, struggling against upward pressure on...
What is hammer candlestick pattern in forex trading. The hammer is candlestick with a small body and a long lower wick. The pattern is formed at the bottom after a downtrend. A candle signals the start of a new bullish rally for a particular...