Yesterday, after a minor upward pullback, USD/CHF reversed and moved downward, resulting in a bearish candlestick formation. The buyers lack the strength to sustain the upward movement, so I expect a pullback to the nearest support level. Today, I...
The currency pair has been experiencing a rebound toward bullish territory since the start of the Tuesday Asian session, driven by the strengthening US Dollar Index (DXY). Currently, the pair is trading around the 161.50 region, reflecting the...
In Thursday’s London session, the USD/CAD pair extended its decline to 1.3630. The Canadian dollar strengthened amidst expectations that the Bank of Canada (BoC) would initiate interest rate cuts starting from their monthly meeting. This surge in...
Analysis of Price Movement Scenarios and Trading StrategiesThe first scenario to consider involves the price consolidating above a key level and the maximum of the previous daily range, followed by a continued upward (northern) movement. Should this...
Yesterday, the price of AUD/USD was pushed north by a confident bullish impulse, which resulted in the formation of a full bullish candlestick that managed to consolidate above the resistance level, which according to my markings was located at...