The USD/CAD currency pair, which is currently trading at 1.3698, has exhibited a bearish trend recently. This indicates that the US dollar has been weakening against the Canadian dollar. A bearish trend typically means that sellers are dominating...
Analysis of the EUR/USD Currency Pair: The EUR/USD currency pair has developed a trading channel, indicating a phase of accumulation. In simpler terms, this means that the price is moving within a defined range as traders buy and sell the currency...
The price test of 158.20 transpired during a period when the MACD (Moving Average Convergence Divergence) indicator had already shown a significant movement above the zero mark. This movement indicates a strong bullish trend. For quite some time,...
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The Euro (EUR) struggled to hold onto gains on Friday, hovering around 1.0690 USD in the Asian session. Technical indicators on daily charts paint a bearish picture for the EUR/USD pair. The currency pair is stuck in a descending channel, a pattern...