Markets appear to sense a potential shift in the president-elect’s previously hardline stance, offering some relief to the Canadian Dollar (CAD) and other currencies. However, uncertainty lingers in Canada’s political landscape following Prime...
USDCHF Daily Time Chart Analysis The USDCHF pair is under pressure after three consecutive bullish sessions and is facing a strong resistance near the 50-day simple moving average. The pair remains below the uptrend channel and technical indicators...
I observe that the NZD/USD pair is currently trading within a sideways range of 0.56935–0.57880 on the H1 chart, reflecting short-term indecision. I note the RSI (14) reading of 58.8510, which suggests a neutral market bias, while the Force Index...
The traditionally safe-haven price faces potential headwinds as geopolitical tensions in the Middle East show signs of easing. Market participants are closely monitoring ongoing negotiations for a long-delayed ceasefire agreement and a hostage...
On the daily chart of the GBP/JPY pair, I observe that the pair is currently in a pullback phase following the upward movement that began on February 7 from a low of 187.051. I note that this upward momentum was relatively short-lived, lasting only...
