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Technical analysis of GBPCAD Today I choose GBP/CAD for technical analysis. The market price fell below the resistance of 1.8087 and rebounded after touching the support of 1.7961. If the market fails to break this support, the price could move...
EURJPY currency pair - let’s look at the D1 period chart today. The price was moving sideways throughout January, of course there were movements, but by the standards of the daily period they were not large. The wave structure is neutral. The MACD...
USD/CAD H4 Timeframe Analysis: Looking at the USD/CAD chart on the 4-hour timeframe, the market is currently downtrend, with the price approaching the 1.3655 resistance level. If the price manages to break above this resistance, it would indicate a...
USD/JPY Fundamental Analysis: USD/JPY is holding firm as market sentiment remains in favour of the dollar. After last week’s strong U.S. nonfarm payrolls report, the dollar got a fresh boost, reinforcing expectations that the Fed won’t rush into...
