The Canadian Dollar (CAD) experienced a mixed performance on Friday. While the release of positive US economic data initially provided some relief, the subsequent release of mixed Canadian economic data, including a decline in new home prices,...
The NZD/USD currency pair experienced a significant decline on Friday, falling to its lowest level since early November. This downward trend was primarily driven by a combination of technical factors and underlying market sentiment. Technically, the...
The AUD/USD currency pair has been trading near the 0.6500 level, with a predominantly bearish outlook. The strengthening US Dollar, driven by the Federal Reserve's monetary policy and geopolitical tensions, has put significant pressure on the...
Stop Loss Orders A Stop Loss Order in forex trading is a risk management tool designed to minimize potential losses by automatically closing a trade when the market price reaches a specified level. This is crucial in the highly volatile forex...
Forecast of USDCAD On the lower time frame charts, the price of the USDCAD was running around the moving average lines as it was performing a price correction. On the daily time frame chart, I saw that the price of the USDCAD had fallen overall this...
