The 25 basis point cut by the ECB has probably been fully factored in. The current high expectation of a further ECB rate cut in December faces an increased risk of overvaluation. Watch for key medium-term support at 1.0780/0750 on EUR/USD. Over the...
The USD/JPY 30-minute chart shows a strong bullish momentum with the price breaking above the 150.00 psychological level, trading currently at 150.187. After a consolidation phase, the pair has cleared multiple liquidity zones (DLiq) around 149.500...
H4 period chart - AUDUSD currency pair. The wave structure built its order downwards. The MACD indicator is already in the lower sales zone, although now it is again above its signal line, which indicates an upward correction. When the price had not...
Silent Words for USDCAD: Currently, the market of USDCAD is trading at the 1.3793 level. Or we can say that the buyers are about to start increasing their value because the market trend is also on the bullish side. Hence, we should set our trading...
The pair experienced a sharp decline on Thursday, dropping by half a percent and marking one of its worst trading sessions in the latter half of the year. This downturn followed disappointing Purchasing Managers Index (PMI) data from across the...