The price test of 158.20 transpired during a period when the MACD (Moving Average Convergence Divergence) indicator had already shown a significant movement above the zero mark. This movement indicates a strong bullish trend. For quite some time,...
Analysis of the EUR/USD Currency Pair: The EUR/USD currency pair has developed a trading channel, indicating a phase of accumulation. In simpler terms, this means that the price is moving within a defined range as traders buy and sell the currency...
The currency market promises an intriguing day ahead, marked by nuanced movements. While there has been a minor retracement, the potential for further upward momentum remains compelling. Currently, all eyes are on the pivotal price level of 1.0740,...
EUR/JPY ANALYSIS The last technical market situation for the EurJpy pair on the 4-hour timeframe was observed on Tuesday, the candle was correcting downwards. Meanwhile, technically, from the beginning of the trading period of the month until...
### Analysis of USD/CAD Current Trends and Predictions As of now, the USD/CAD exchange rate is sitting at 1.3701. This level is a significant point of interest for traders and analysts, as the current trend has been notably bearish. In this...