Current Market Pressure on USD/CAD The USD/CAD currency pair is currently under significant pressure due to central bank policies, macroeconomic data, and global risks. As of now, the pair is trading around 1.4240, with sensitivity to the U.S....
Date: 17th December 2024. GBPUSD: Strong UK Data Fuels Expectations of BoE Hawkishness! The significant economic release for the next 24-hours will be the US Retail Sales this afternoon. Analysts expect Retail Sales for the US to rise 0.6% MoM and...
Technical analysis of XAUUSD Today we will discuss the technical analysis of gold. The market is currently at 2653. The market broke through the resistance level and bounced back last week; It is currently between the 2619 support level and the 2657...
NZD/USD pressured by New Zealand recession and strong US growth Signs of recovery thanks to better data and rise in dairy prices Technical patterns suggest a potential Kiwi bottom The Fed's rate outlook is likely to lead to another big move Summary...
Support and Resistance in Forex Trading Support and resistance are fundamental concepts in Forex trading that help traders identify key price levels on a chart. These levels act as barriers where the price tends to pause or reverse, providing...
