USD/CAD Trading Analysis Update Tuesday, February 4, 2025 The volatility of the USDCAD pair price has been quite strong after the announcement of the Bank of Canada (BoC) and The Fed interest rate levels on Thursday last week. The peak occurred at...
Yesterday's market movement was not solely driven by Mexico, as Canada also joined in by agreeing to the same trade conditions, providing an additional evening boost. This morning, GBP/USD unexpectedly rose from 1.2385, possibly due to Asian traders...
USD/JPY Price Outlook: Current Market Analysis The daily chart of USD/JPY provides valuable insights into the current market situation. Presently, the price is trading between the 50-day and 200-day moving averages, indicating a period of sideways...
AUD USD As of February 4, 2025, the Australian Dollar (AUD) has experienced a significant decline against the U.S. Dollar (USD), reaching a five-year low of approximately 0.6088 USD. Technical Analysis: Trend: The AUD/USD pair is exhibiting a...
I observe a strong bearish trend on the hourly market chart, which informs my current strategy. I identify the upper boundary of the descending channel at **0.56345** as a critical resistance zone, and I plan to wait for a retest of this level...
