The USD/CAD currency pair is currently trading at 1.37832, reflecting a bearish trend. A bearish market indicates that the value of the U.S. dollar is weakening against the Canadian dollar. Understanding the factors driving this trend is essential...
pair rallied to near 149.01 on Friday, driven by a rebound in the US dollar following its recent annual low. This surge was fueled by a stronger-than-expected jobs report for September, which hinted at a robust recovery in labor demand but also...
What is a Pennant Pattern? A Pennant Pattern is something I often look for when analyzing charts because it helps me anticipate potential price movements. It usually forms after a sharp price movement, called the "flagpole," followed by a period of...
USD / CAD: An hourly time frame recommendation The level of 1.3763 can help the bulls to hit the 1.3785 level today. Thus, my opinion on this USDAD market remains firmly in favor of the bulls. Despite their measured approach to asserting...
The GBP/USD exchange rate remained below the psychologically significant 1.3000 level during the Asian session on Thursday, approaching its lowest point since August 20. The fundamental backdrop appears to be strongly skewed towards bearish traders,...