TRADING UPDATES GBPUSD In last night's trading session, buyers were unsuccessful in bringing the price to move higher so there was momentum that sellers were able to use to push the price down. Based on the results of the chart analysis, the...
The Euro is attempting a comeback after a worrying dip to 1.0670 last Friday. This week starts on a more optimistic note with investors favoring riskier assets, leading to a weaker US dollar and a stronger Euro. This positive sentiment precedes a...
Yesterday's American economic data release was met with a surprising shrug by the market. The numbers themselves were a bit underwhelming, suggesting some weakness in the US economy. However, this didn't stop the US dollar from continuing its upward...
The USD/CHF currency pair has been interacting with its support levels quite a bit lately. It has encountered rejections at these support levels multiple times. This suggests a certain resilience in these levels, but it also raises questions about...
The USD/CAD currency pair has recently exhibited intriguing behavior, making it an interesting focal point for traders and analysts alike. As of late, the pair has shown an upward trend; however, it failed to establish a new high. This phenomenon...