To overcome these hurdles, a retest of the 1.0940 level is likely. Further gains could then target the 1.0980-1.1000 zone, a significant resistance area for traders. Conversely, if the euro falls below the 1.0814 support level, a breakout could...
USD/CAD CURRENCY PAIR ANALYSIS: The USD/CAD price remains within the range established during the last trading day. Despite staying within this range, the currency pair has shown some bullish strength in a localized trend. This suggests that there...
The EURUSD currency pair has been on a downward trend recently, falling -1.57% from its peak to trough over the last few days. This decline is being attributed to a number of factors, including the EU parliamentary elections and the upcoming...
The USD/CAD currency pair, which represents the exchange rate between the United States Dollar (USD) and the Canadian Dollar (CAD), is a critical indicator in the forex market. This pair is often referred to as the "Loonie," a nickname derived from...
Greetings, let's dive into the technical analysis of the USD/JPY currency pair. Based on my observations, the outlook appears to be bullish, and I expect an upward movement in the near future.The key resistance level that I'm closely monitoring is...