Welcome traders! As observed since September 10, the divergence between the price action and the Stochastic indicator suggests a potential rebound, although the overall bearish trend signals further downward movement. The bearish divergence the RSI...
West Texas Intermediate (WTI) crude had a tough week with prices near the key support level of $67.50. This price point has been significant for several years, suggesting that value buyers may step in as the market nears this key area. But the...
In the dynamic world of Forex trading, understanding different order types is crucial for effective trading strategies. Among these, Buy Stop and Sell Stop orders play significant roles, enabling traders to capitalize on price movements when they...
Fundamental Look In Friday's North American session, the USD/CAD pair gains momentum and breaks above the immediate resistance level of 1.3800. The Canadian Dollar (CAD) is declining on speculation that the Bank of Canada (BoC) may announce a...
Technical Analysis of USD/CAD The Canadian dollar declined last trading week, reaching new local lows. The price fluctuated from 1.3616 throughout the week without any significant pullback and has now broken above 1.3793. Thus, the expected uptrend...