The USD remains on the defensive below the year-to-date (YTD) top set last Thursday as bulls pause for a breather following the post-US election blowout rally. Any meaningful USD depreciation, however, seems elusive in the wake of expectations that...
Hook and Hook Reversal Chart Patterns The Hook and Hook Reversal patterns are chart patterns often analyzed by traders and technical analysts. Here’s a detailed explanation: Hook Pattern The Hook pattern typically signals a continuation of the...
GBP / CAD: An hourly time frame recommendation The price of 1.7771 represents that the bulls were strong in the last week, but the bears, or sellers, are beginning to take control of the market. This transition signals a shift in sentiment that...
The euro-to-US dollar exchange rate hovered around 1.0550 during the Asian trading session on Monday, with the annual level reaching 1.0496 on November 14th. This trend suggests a potential downward trajectory for the euro. Recent economic...
General Points of AUDUSD: Currently, the price is trading at the 0.6461 level and the USA news events will help the buyers soon. Generally, this ensures that even if some trades result in losses, the trader’s overall capital is protected, and they...
