Technical analysis of GBPCAD Today I will start technical analysis on GBP/CAD. The market is currently in a downtrend, and the trend line is helping it enter a downtrend. The market is currently trading below resistance and above support. If the...
West Texas Intermediate (WTI) crude oil futures, the benchmark for U.S. crude, began Wednesday's Asian trading session around the $69.00 mark, facing immediate selling pressure. This downward trend pushed WTI prices to a two-month low, primarily...
GBPJPY Analysis The daily chart of the GBP/JPY pair shows a symmetrical triangle pattern. The fact that prices are moving up and down indicates that the milk supply is stable. The breakout direction determines the next trend. The price is currently...
Federal Reserve Governor Lisa Cook indicated that the central bank might take a gradual approach to reducing interest rates, citing the strength of the U.S. labor market and persistent inflation as factors that allow for a more cautious stance. As...
USD/CAD Trend Direction Waves: The USDCAD currency pair is experiencing a strong upward trend, with the current trading value on the Ichimoku Cloud indicating significant momentum. The market is producing increasingly higher peaks and lower troughs,...
