CryptoNews of the Week – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,”...
The USD/JPY currency pair is stuck in a narrow trading range during Asian trading hours this Wednesday. This comes after briefly touching a 34-year high earlier in the week. However, the upside potential for the USD/JPY remains limited due to the...
GBP/USD Technical Analysis This week, the price trades within two channels, one of which is bearish, colored red and represents the price movement during the previous week, considered a bearish corrective movement. This means that we have a blue...
USD/CAD analysis: At the H1 timeframe analysis, the USD/CAD pair is currently encountering resistance from sellers who are trying to reverse the ongoing uptrend. The pair recently dropped from a high around 1.3790. Now, the price is trading between...
The new trading session for the USD/CAD currency pair presented a curious scene: the US dollar under pressure despite a strengthening US Dollar Index (DXY). This counterintuitive situation stemmed from two opposing forces. On one hand, the US dollar...