The price has shown a strong upward momentum, as indicated by the consistent series of higher highs and higher lows. This behavior suggests bullish market sentiment. The recent breakout above the moving average implies that buyers are in control,...
Trend Reversal Chart Patterns Trend reversal chart patterns in forex trading are graphical representations on price charts that indicate a potential change in the direction of a prevailing trend. These patterns help traders anticipate reversals,...
USD/CAD Weekly Outlook Good Morning guys! This week, the Canadian sellers couldn't gain anything as the market remained in favor of buyers. They had crossed the 1.4400 zone again. Therefore, the overall market sentiment of USD/CAD looks in favor of...
NZD/USD Market Outlook Greetings and Good Morning to Everyone! The US Unemployment rate made the US dollar strong this week. Therefore, the market reached the border of 0.5600 yesterday. I expect that the buyers will again start grabbing their value...
In Friday's North American session, the NZD/USD pair obtains solid footing close to the round-level support of 0.5600. Following rumors that the People's Bank of China (PBoC) would further lower its reserve ratio requirements (RRR) and interest...
