Yesterday, I observed that the USD/JPY pair did not experience a pullback from the Japanese yen as anticipated. Instead, the quotes continued their upward trajectory, confidently consolidating above the northern start line of 149.19. I noted that...
EURUSD is currently trading at 1.09044, approaching the key 1.0948 resistance level. The Zigzag Indicator, which filters out minor price fluctuations, indicates a recent bullish wave after bouncing from 1.0766 support. The pair has shown higher...
The USD/CAD currency pair is currently under bearish pressure as it struggles to break above the key resistance level set at exactly 1.4305 in today’s market conditions. The technical outlook suggests that sellers maintain control, pushing prices...
Bollinger Bands is a popular technical analysis tool developed by John Bollinger in the 1980s. It consists of three lines plotted on a price chart: a simple moving average (SMA) in the middle, and two standard deviations away from the SMA above and...
I observe that the USDCAD pair has experienced a volatile start to March, marked by an initial decline linked to broad-based USD weakness. I note that this depreciation appears speculative rather than fundamentally driven, as the dollar’s pullback...
