The USD/CAD currency pair is showing bullish signs, with several technical factors aligning. The upcoming retest of the 100-day moving average on the 1-hour (H1) timeframe is significant, as it has historically served as both a support and...
USD/JPY TECHNICAL ANALYSIS: On the USD/JPY D1 time frame. Our primary focus is on the recent price movements and overall trend behavior of this pair. The USD/JPY pair has shown impressive strength, and, most notably, the price has broken through a...
Currently, the USD/CAD currency pair is trading at 1.3890, exhibiting a bearish trend that has been developing gradually. This downward trend reflects the Canadian dollar's relative strength against the U.S. dollar. Despite the current slow...
Hook reversal candlestick pattern in forex trading. The Hook pattern in technical analysis is a candlestick formation characterised by a unique hook-like structure. It reflects a potential shift in market sentiment, signalling the end of a...
In Monday's European session, the USD/CHF pair tests the round-level resistance of 0.8700, the highest level in almost two months, and then plummets. With the US Dollar Index (DXY) down from 104.60, the Swiss Franc pair followed the US Dollar's...