The Pound Sterling showed resilience against the US Dollar in early Wednesday trading. This followed a report from the US Department of Labor indicating a slowdown in inflation rates across the United States. As investors awaited the Federal...
The pair has been reducing near 1.2630 during the US session on Wednesday. This consolidation occurs within an ascending channel pattern on the daily chart. The 14-day Relative Strength Index (RSI) sits above the 50 level, indicating a bullish bias....
Profit Potential: USD/ CAD Our discussion centres on examining the price action assessment of the USD/ CAD currency pair. The price reached the 1.36513 support but was not tested, closing the day near this level. Given that the support was not...
I initially assumed that the USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an...
Trading Signals through USD/ JPY Our conversation focuses on the ongoing evaluation of the USD/ JPY currency pair's price assessment. I had hoped for a different scenario for the yen pair, but the situation remains unchanged. Despite today's...