Important Points for GBPUSD: The market is trading at the 1.3276 level and the bullish concept is becoming strong today. Because the US dollar got weakness this week. For instance, traders who are long on the USD such as betting that the dollar will...
The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3573 at the time of writing, up 0.12% today. In the data calendar, Canada released retail sales while the US had an unusually quiet day with no news. Canada's...
The U.S. dollar remains under significant pressure following the Federal Reserve's decision to lower interest rates by a half point, but this is not the only problem on the Forex market. As anticipated, the Fed's unprecedented 0.50% rate cut has...
Analyzing the forex market by daily candlesticks is a popular method among traders for identifying trends, price action, and key levels of support and resistance. A candlestick represents a single day of trading activity, showing four key data...
On the hourly chart, the GBP/USD pair continued its upward movement on Thursday, consolidating above the 161.8% corrective level at 1.3259. This suggests that the pound's rise could continue toward the next targets at 1.3357 and 1.3425. The bears...
