Silent Points of USDCAD: Yesterday, the negative data from the Canadian Consumer Price Index made the CAD weaker. Hence, the market crossed the 1.3788 level today. According to this sentiment, I suggest that the market is oversold, and a bullish...
The pair continues to trade with a bullish tone around the 1.3790 level during early US trading on Wednesday. Investors are closely watching the market as expectations grow that the US Federal Reserve (Fed) could begin its rate-cutting cycle as...
Study of the US Crude Oil Price As it stands, US crude oil prices are being pushed downward, oscillating around the key support level of $69.67. Historically, this support level has demonstrated resilience, indicating its significance as a...
With the current price of 1.3655 situated below the mid-point of the Donchian channel at 1.3860, the emphasis is clearly on sales. Buying opportunities are not considered at this point. The strategy involves holding existing short positions and...
Trading Wisdom: EUR/USD The analysis of the price behavior of the EURUSD currency pair is a matter for discussion. Buyers remain in control and have an opportunity to push the price to the new bullish bid area at 1.0770. This idea is very relevant...