The EURCAD pair rebounded last week, creating a new demand area on the daily chart at a price range of 1.47762 to 1.46874. The current position is testing the dynamic resistance of the 200-period moving average, and if it breaks through, it has the...
US Dollar Consolidation Amid Fed Comments The US Dollar is consolidating strongly at its current level on Friday, as the US Dollar Index (DXY) hovers around the 109.00 mark, searching for direction. Comments from Federal Reserve (Fed) official...
The USD JPY currency pair experienced an upward movement after sellers failed to push the price below the 200-day simple moving average (SMA) in the previous bearish phase. The price found support near the 200-day SMA, and the strengthening of the...
USD/JPY Technical Analysis When we analyze the market price of USD/JPY in the one-hour time frame, the current trend and structure are bearish. The price faces sustained downward pressure, reflecting a strong selling trend. Currently, the market...
Technical analysis of GBPUSD Today I picked GBP/USD in technical analysis. The market is bearish, and the selling momentum is helping the price fall. The market price reached the execution support level, and from this monthly support at 1.2151, the...
