The chart indicates that gold recently experienced a bullish rally, reaching a high near 2660 before undergoing a sharp reversal. The pullback has taken the price down to the current level of 2639.27, indicating profit-taking by buyers or...
USD/CAD Weekly Outlook Good Morning guys! This week, the Canadian sellers couldn't gain anything as the market remained in favor of buyers. They had crossed the 1.4400 zone again. Therefore, the overall market sentiment of USD/CAD looks in favor of...
AUD/USD Market Outlook Greetings and Good Morning guys! The Australian news events couldn't help the buyers to cross the 0.6266 zone. On the other side, the US news events were also better and helpful for the sellers of AUD/USD. Therefore, we saw a...
The price has shown a strong upward momentum, as indicated by the consistent series of higher highs and higher lows. This behavior suggests bullish market sentiment. The recent breakout above the moving average implies that buyers are in control,...
In Friday's North American session, the NZD/USD pair obtains solid footing close to the round-level support of 0.5600. Following rumors that the People's Bank of China (PBoC) would further lower its reserve ratio requirements (RRR) and interest...
