Technical analysis of USDCAD Today we will perform a technical analysis on USD/CAD. USD/CAD is the main currency pair in the foreign exchange market. The market is currently between our support and resistance levels. USD/CAD maintains a bearish tone...
Understanding key technical levels in the market is essential for successful trading. The primary support level is at 1.2100, which has historically been a strong buying zone. A bounce from this level indicates bullish sentiment. The secondary...
PAIR REVIEW USDJPY Hello! The pair continues to show a downward trend here. When it was trading near resisting 157.512, the seller was gaining volume here and I assumed the pair would decline downwards. The support of 156.285 was broken, there was a...
Pipe Top and Pipe Bottom Candlestick Chart Patterns The Pipe Top and Pipe Bottom are rare but significant candlestick chart patterns used in technical analysis to signal potential market reversals. These patterns resemble a pair of parallel pipes...
The AUD/USD pair faced downward movement around the 0. 6400 mark after the SP Global PMI figures for February were made public in the US. Although traders view the government's tariff plans as less harmful than previously thought, the dovish stance...
