Despite current consolidation near 1.4190, technical conditions favor a rebound in USD/CAD if support at 1.4134 remains unbroken in sessions. The MACD hovering above its signal line suggests slight bullish momentum building, although it remains in...
The SILVER H1 chart displays a strong bullish trend throughout early to mid-March, where price action steadily climbed from below the $28.50 level to just under $34.00. This upward movement was supported by a series of higher highs and higher lows,...
USD/JPY Technical Analysis and Forecast H1 Chart: Today, the USD/JPY market shows strong bullish momentum. It trades at 147.910, reflecting buyers’ control over the short-term trend. The USD/JPY market is heading toward a key resistance level at...
Economic indicators play a pivotal role in forex trading by providing traders with data that can influence currency values and trading strategies. These indicators include statistics such as Gross Domestic Product (GDP), inflation rates, employment...
The British Pound (GBP) experienced significant downside pressure on Wednesday, falling sharply against major currencies as investor sentiment deteriorated following warnings from the Bank of England’s (BoE) Financial Policy Committee (FPC). The FPC...
