Today, we'll examine the recent price trends of the EUR/USD currency pair. Analyzing the daily time frame chart, we can see a descending wave pattern, and the MACD indicator suggests a bearish market. By applying the Fibonacci grid to the initial...
The economic landscape significantly impacts foreign exchange (forex) trading, influencing currency values through various macroeconomic factors. Among the most pivotal are interest rates, inflation, and economic growth indicators, which...
The USD/CAD exchange rate, currently sitting at 1.3740, is experiencing a bearish trend. This indicates a decline in the value of the US dollar relative to the Canadian dollar. The downward trajectory of this currency pair suggests that market...
The EUR/JPY pair is showing signs that it might continue to go down. Recently, the pair has been closing consistently below the 171.20 level, and it even dropped to 170.90. This suggests that the market is still under bearish pressure. The...
The EUR/USD currency pair is one of the most closely watched exchange rates in the foreign exchange (forex) market. This pair represents the value of the euro relative to the US dollar. As of now, the pair is trading around 1.0692, which reflects a...