I noticed the price initially tried to move downward. I observed that in the middle of the week, buyers took the initiative and drove the price to a new high, updating the previous maximum. I saw that the price continued to consolidate at the top,...
The euro saw a modest recovery in early trading on Monday, hovering near the 1.03 level. However, it is important to note that US markets were closed for the Martin Luther King Jr. holiday, resulting in reduced liquidity and a lack of major price...
Market Fundamentals: The currency pair has been on a downward trajectory for three consecutive sessions, currently trading around 1.4320 during Monday's trading hours. The pair price is benefitting from an uptick in crude oil prices, with Canada...
Market Fundamentals: Geopolitical risks are rising as reports emerge that U.S. President Biden discussed plans to attack Iran’s nuclear facilities if Tehran moves closer to developing a nuclear bomb before Donald Trump’s inauguration. This...
The USD/CAD currency pair reflects a compelling technical scenario, marked by a pivotal level at 1.4440 that acts as the foundation for the analysis. This pivot point is not merely a dividing line but a key threshold determining market sentiment....
