USD/CAD Market Analysis August 19, 2024 USDCAD is in a fairly significant downtrend. After experiencing a sharp decline, the price had been moving in a consolidation phase for several days, which was indicated by a relatively flat price movement....
Good Morning, Traders! Welcome to today’s live trading session, where we’ll dive deep into the current market trends. Yesterday, we observed the USD Index (DXY) closing on a bearish note, slipping from 103.05 down to 102.35. This downward movement...
GBP/USD analysis The price has entered a lower RSI position at 1.2940. However, it has since become a resistance level at 1.2960 and stops around the closest support level. If this support level has broken, the inside of the cup pattern will...
NZD/USD H1 In my analysis of the New Zealand/American dollar (NZD/USD) currency pair, I suspect that growth is unlikely to exceed the resistance level of 0.61003 on the daily H1 timeframe chart. I anticipate a potential correction or consolidation...
Alright, let's talk about the benefits of forex trading for foreigners. It's a big world out there, and forex trading can be a great way to diversify your portfolio and potentially earn some extra cash. First off, forex is the largest financial...