Forecast of EURUSD The EURUSD changed from a positive to a negative trend direction on the daily time frame chart on October 3rd when it passed the 50 EMA line to the downside. After a test of the price level of 1.0495 last Thursday, the EURUSD...
Understanding the Dynamics of the Market in USD/CAD Recently, the currency pair USD/CAD rallied and pegged higher above the 1.4060 level. Such a scenario is termed a bullish situation, hence leaving buyers with high expectations. When traders view...
Important Points of GBPNZD: There are no news events related to the New Zealand Dollar on the weekly macroeconomic calendar. As a result, GBPNZD participants will rely entirely on key updates from the UK to guide their decisions. The absence of New...
The Pound Sterling continues its downward trajectory against the US Dollar, reflecting a mix of domestic monetary policy signals and heightened global uncertainties. During early North American trading, the GBP/USD pair traded at 1.2631, slightly up...
General Points of USDCHF: At the moment, we can see the USDCHF market trading around the 0.8870 level, a significant point that highlights the current situation in the forex market. This level suggests a growing presence of sellers, indicating a...
