On Monday, the spot price managed to pause its recent decline against the DXY, with investors turning their attention to potential gains following the release of the September meeting minutes. These minutes indicated that the cash rate is likely to...
The USDCAD currency pair has shown signs of renewed upward momentum after a period of prolonged uncertainty. Currently trading at 1.357, the price action suggests that traders should be vigilant as we approach a critical level at 1.359. This level...
What is a Shaved Candlestick in forex trading. A Shaved Candlestick is a single pattern that lacks either an upper or lower shadow (wick) or possibly both. The absence of a shadow indicates strong momentum in the direction of the candle,...
The Gbp/Jpy currency pair offers a unique blend of opportunities and challenges for traders. Its movements are shaped by a complex interplay of economic, political, and technical factors, making it a pair that requires careful analysis and strategy....
AUD/USD PAIR FORECAST Although it was flat, yesterday this pair experienced a weakening that caused quite a change in trend. In the Asian session on Thursday, sellers had tried to enter since morning trying to continue the negative movement...