Current Trading Situation of USD/CAD Good day! The current trading situation for the USD/CAD pair, as observed on the four-hour chart, shows that the recent bearish correction has significantly exceeded expectations. The price has broken below the...
West Texas Intermediate (WTI) crude oil futures commenced Thursday's Asian trading session around $66.45, having experienced a significant decline to their lowest level since December 2021. This drop was primarily attributed to a substantial and...
Bollinger Bands Bollinger Bands are a popular technical analysis tool used in forex trading to measure market volatility and identify potential trading opportunities. They consist of three lines: Middle Band (SMA) – A simple moving average (usually...
Technical Analysis of AUDJPY The AUDJPY currency pair is currently trading at 93.938, reflecting a consolidation phase within a defined range. The pair is positioned between a key resistance level at 94.515 and a support level at 92.840, indicating...
The GBP/USD currency pair experienced a decline on Thursday, interrupting a three-day streak of gains and trading around the 1.2890 level during the Asian trading session. This downward movement was primarily attributed to persistent pressure on the...
