USD/JPY Price Forecast: Technical outlook USD/JPY retreats from six-day high as U.S. Initial Jobless Claims suggest labor market cooling. Bank of Japan meeting likely to see 25 basis point rate hike, contrasting with Fed's steady stance. Global...
USD-CAD PAIR FORECAST I tried to see the potential movement on a smaller timeframe in this case using the H1 chart. It can be seen that the price movement for one week in a row represented by a more dominant candlestick arrangement is bearish. ...
Market Fundamentals: The Canadian Dollar (CAD) has faced significant challenges recently, primarily due to the Bank of Canada’s (BoC) aggressive monetary policy easing. Last week, the BoC cut its borrowing rates by 50 basis points to 3.25%, aligning...
USD/JPY The USD/JPY market is trading in a downtrend today. The USD/JPY market reached an intraday high of 156.77 but failed to sustain the gains and is currently trading at 155.89. The USD/JPY market encountered strong resistance at 156.50 and...
NZDUSD currency pair - let’s consider the chart of the D1 period. This pair has almost a mirror image of the Australian dollar. The wave structure here is still building its order downwards. The MACD indicator is in the lower sales zone. Among other...
