The spot price weakened against the US Dollar (USD) during Friday’s Asian session, dropping below the crucial 1.3150 support level. This decline came as the USD extended its recovery from Wednesday, buoyed by the second estimate of the United States...
Technical analysis of the USDCAD pair On the daily chart, the price is also trading at a level that supports further rise. We see on the chart that the price started trading this month facing resistance from the monthly pivot level of 1.3529, which...
Technical Analysis: EUR/USD EUR/USD trades with caution above 1.1000 as the focus shifts to the US NFP. A sharp expansion in the US ISM Service Prices Paid has renewed fears of price pressures remaining persistent. ECB Schnabel remained concerned...
Mastering Forex Trading: The Critical Role of Strategy Testing and Demo Accounts In Forex trading, having a solid strategy is essential, but even the best strategies need rigorous testing to ensure their effectiveness in real-world market...
Technical Analysis of New Zealand Dollar/US Dollar NZD continued to grow in the previous trading week, finding support at 0.6198, establishing a new uptrend. The price was able to rebound from this level and continue moving up, reaching a new local...