GBPUSD H1 GBPUSD approached the support of 1.2620. The last 3 bars draw huge tails from below. This indicates market demand from the level. The phenomenon is normal, but sometimes it can act purely as a trap. Here you need to be careful in making a...
USD/CAD Price Forecast USD/CAD bounces back after a strong recovery in the US Dollar. Investors shrug off weak US flash SP Global PMI data for February. Investors turn cautious about the Canadian Dollar (CAD) outlook as President Trump reviews 25%...
Throughout Friday, the price initially traded below the daily open level. After failing to break above this point, the market encountered resistance from the H4 200 EMA. This bearish movement led the price to decline to the nearest support level at...
D1 period chart - EURJPY currency pair. As you can see, the price is pressed down along the general downward trend. Here, the wave structure is still descending. After the last wave of decline updated the minimum of the previous one, the third wave...
The USD/CHF currency pair is currently trading at 0.8989, showing mixed signals in terms of trend direction. The market has been in a downtrend, but recent price action suggests a consolidation phase. The Bollinger Bands and the Stochastic...
